South Korean shipbuilder Hyundai Heavy Industries (HHI) has partnered with nine companies, including state-run Korea National Oil Corporation (KNOC), on a green hydrogen factory project in the Sea of Japan.
The deal will see the partners aim to set up and operate a 1.2 GW green hydrogen plant powered by a floating offshore wind farm in the Sea of Japan by 2025. A pilot project will be a 100 MW demo, HHI said.
In March this year, HHI announced its hydrogen roadmap with a key goal to establish a hydrogen value chain from production to utilisation on land and offshore by 2030.
Korea Shipbuilding & Offshore Engineering, the holding company of South Korea’s top shipbuilder, will play a major part in this strategy by developing hydrogen-fueled ships, transport tankers and offshore fuel production plants.
South Korea unveiled a hydrogen roadmap in 2019 that outlined a goal of producing 6.2m hydrogen-fueled cars and rolling out at least 1,200 refilling stations by 2040.