The South Korean government will back infrastructure on hydrogen fuel supplying facilities and add hydrogen fuel at gas stations across the nation amid its push to nurture hydrogen ecosystem, reports Pulse News.
Hydrogen shipping centers
The Ministry of Trade, Industry and Energy announced Tuesday that it will build more than two hydrogen shipping centers for hydrogen-powered vehicles. It will spend 6.3 billion won ($5.6 million) this year for the project.
The centers will store hydrogen produced at nearby plants and transport the source via tube trailers to hydrogen charging stations.
Each center will be capable of supplying up to 2,000 tons of hydrogen per year, which is enough to power 13,000 units of vehicles. It aims to complete the construction by next year.
“The centers will contribute to stable and affordable supply of hydrogen at the early stage of hydrogen-fueled vehicle distribution,” the ministry said in a statement. It will begin receiving applications from Wednesday to April 23 and pick a winner by May.
Hydrogen economy initiative
Separately, the environment ministry signed a contract with operators of LPG gas stations SK Gas and E1 to use their nationwide locations to install hydrogen fueling systems.
The hydrogen economy initiative is one of the key state projects of the incumbent government. Earlier this month, five business groups – Hyundai Motor, SK Group, Posco, Hanwha, and Hyosung – vowed to pool 43 trillion won to join forces in establishing fuel cell infrastructure by 2030.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Pulse
