Hyosung and Linde have today unveiled plans to build the world’s single largest liquid hydrogen manufacturing facility in Ulsan.
The two companies will invest 300 billion won ($245.4m) in a joint venture creating a value chain that covers everything about the setup and operation of liquid hydrogen production, transport and recharging facilities.
The liquid hydrogen plant will be constructed on an area of about 30,000 square metres within the site of Hyosung Yongyeon plant in Ulsan.
The facility will have an annual capacity production of 13,000 tonnes of liquid hydrogen – enough to fuel 100,000 sedans – making it the world’s single largest liquid hydrogen manufacturing facility.
Groundbreaking is expected to take place in the first quarter of 2021 with the plan completed in 2022.
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