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Hyundai Motor and POSCO,’match hands’ for hydrogen business

[월간수소경제 성재경 기자] The Hyundai Motor Group and POSCO Group will promote multilateral cooperation in hydrogen-related business fields, such as supplying 1,500 hydrogen electric vehicles such as hydrogen trucks, jointly promoting fuel cell power generation projects, and developing technologies related to hydrogen production and use.

Hyundai Motor Group and POSCO Group were at POSCO Cheongsong University in Pohang on the 16th. In the presence of the participants, they signed a business agreement on cooperation in hydrogen business.

Hyundai Motor Group and POSCO Group agreed that it is necessary to achieve carbon neutrality through the establishment of a hydrogen ecosystem in order to create a sustainable world, and after actively seeking cooperation fields, they signed an agreement on this day.

The two companies plan to convert 1,500 vehicles, including trucks operated by POSCO Pohang and Gwangyang Works, into hydrogen electric vehicles in stages. They also agreed to cooperate with each other to build a hydrogen charging station for commercial vehicles in the steel mill.

In addition, POSCO Group will jointly promote the fuel cell power generation business in the form of supplying hydrogen and Hyundai Motor Group supplying hydrogen fuel cells.

In addition, it will focus on joint research and development to expand the use of hydrogen energy, such as developing technologies related to the production and use of green hydrogen and developing next-generation materials applicable to hydrogen electric vehicles.

In addition, it actively seeks hydrogen-related business opportunities, such as jointly participating in technology development projects for green hydrogen production projects conducted overseas. Hyundai Motor Company is also pursuing the discovery of demand for hydrogen electric vehicles in the country and nearby regions.

The Hyundai Motor Group and the POSCO Group have been cooperating with each other by applying the non-coated metal separator material developed by the POSCO Group to the hydrogen electric vehicle Nexo, and are actively working to realize a hydrogen society.

The Hyundai Motor Group has successfully launched the hydrogen electric vehicle Nexo, the hydrogen truck Exient, and the hydrogen bus Electic, and announced its goal to produce 500,000 hydrogen electric vehicles and 700,000 hydrogen fuel cell systems by 2030.

In December of last year, POSCO Group also announced that under the vision of’a leading green hydrogen company leading the hydrogen economy’, it will lead the era of decarbonization by establishing a system of 5 million tons of hydrogen production by 2050 and achieving sales of 30 trillion won in hydrogen business .

Hyundai Motor Group Chairman Eui-sun Eui-seon said, “The paradigm shift to the hydrogen economy to achieve carbon neutrality is a challenge facing all industries and all companies, and is an essential factor for realizing a sustainable future. By doing so, it will contribute to the creation of a robust hydrogen industrial ecosystem.”

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