Hyundai Engineering announced on Aug. 29 that it has been selected as a finalist in the "2023 Water Electrolysis-based Hydrogen Production Base Construction Project" competition organized by the South Korean Ministry of Trade, Industry and Energy and the Hydrogen Fusion Alliance (H2 Korea).
The company will participate with Korea Midland Power, Chungcheongnam-do, Boryeong-city, Techcross Water & Energy Inc, and ISTE.
The project is to build an infrastructure in Boryeong City, Chungcheongnam-do, with a hydrogen production capacity of more than one ton per day and capable of both storage and transportation of hydrogen.
Hyundai Engineering is responsible for the engineering, procurement, and construction (EPC) of the project, including implementation design and supply of electrolysis equipment, while Korea Midland Power is responsible for the overall management and operation of the project.
The hydrogen produced through the project will be supplied to the hydrogen transportation complex at the city bus depot, which is planned to be built in Boryeong City in the future.
"This project will serve as the foundation for establishing a leading position in the field of hydrogen production infrastructure," said an official from Hyundai Engineering. "Hyundai Engineering will continue to invest in the hydrogen field and conduct research and development, contributing to the revitalization of the hydrogen economy and the realization of '2050 carbon neutrality."
