#Sustainability

2021-07-29

Hyosung, Linde declare vision of "Building a Carbon Neutral Korea with Hydrogen Technology"

Hyosung Heavy Industries Co., the leader in the domestic hydrogen charging system market, and Linde, a global gas and chemical company, held a ceremony for declaring a hydrogen business vision and breaking ground for a liquid hydrogen plant at Hyosung Chemical´s plant in Yongyeon, Ulsan, on June.

The event was attended by Hyosung Chairman Cho Hyun-joon, Linde Korea Chairman Sung Baek-seok, Ulsan Mayor Song Chul-ho, Vice Minister of Trade, Industry and Energy Park Jin-kyu, and Hyosung Vice Chairman Cho Hyun-sang and Lee Sang-woon.

In the ceremony, Hyosung and Linde declared their vision of building a carbon neutral Korea with hydrogen application technology. Three tasks have been set to attain the vision – expansion of R&D to ensure stability, reliability and economic feasibility of hydrogen production and charging facilities, development of technology to extract blue and green hydrogen that do not emit CO2 and localization of facilities, and establishment of infrastructure for building the base for carbon neutral hydrogen business and development of technology to reduce CO2.

Chairman Cho Hyun-joon: "Hydrogen is the base for the energy revolution, and Hyosung will lead the paradigm shift.

Chairman Cho said, "Hydrogen energy is the base of the energy revolution that will change the future of mankind, and Hyosung will lead the paradigm shift to hydrogen energy by continuing to make investment. I´m filled with fresh emotions as we open 100-year Hyosung?s new chapter here in Ulsan where the company´s history started," he said.

Sung Baek-seok, chairman of Linde Korea, said, "Hydrogen is a driving force for the transition to a low-carbon economy." "Linde and Hyosung will combine their capabilities and technologies and build the all-important hydrogen infrastructure safely," Sung said.

Hyosung Heavy Industries to invest 1 trillion won over the next 5 years

Linde Hydrogen Energy Co., Ltd., a joint production venture of Hyosung and Linde, will build a 13,000-ton liquid hydrogen plant at Hyosung Chemical´s Yongyeon plant. It will begin operation in May 2023.

In addition, Hyosung Heavy Industries will invest 1 trillion won over the next five years to increase its liquid hydrogen production capacity to 39,000 tons.

Hyosung Hydrogen Co., Ltd., the joint venture for sales, will establish liquid hydrogen charging infrastructure in time for the completion of the liquid hydrogen plant. It will start with the construction of the nation?s first liquid hydrogen charging station in Ulsan, and build large liquid hydrogen charging stations in about 30 locations nationwide in line with the government policy to supply large commercial hydrogen vehicles.

Development of technology for blue and green hydrogen and CO2 reduction to contribute to dropping domestic carbon emissions by 10 percent

Through technological cooperation with Linde, Hyosung will seek to localize the liquid hydrogen charging technology and facilities based on Linde´s Cryo Pump Technology by 2024.

Hyosung will also make R&D investment to develop technology to extract blue and green hydrogen that do not emit carbon dioxide by 2025, and establish green hydrogen production line using renewable energy such as wind and solar power.

Besides production of green hydrogen, the two companies agreed to develop and demonstrate CO2 reduction technology as they set the goal of contributing to the plan to reduce domestic CO2 emissions by 10 percent by developing various application technologies including the carbon capture and utilization (CCU) technology.

Hyosung, Linde, Ulsan sign MOU on construction of large liquid hydrogen charging stations

Hyosung and Linde signed a memorandum of understanding (MOU) with Ulsan City to cooperate in building large commercial liquid hydrogen charging stations.

Ceremony held at Yongyeon, Ulsan, for the ?Declaration of the Vision of Hydrogen Business and Breaking Ground for Liquid Hydrogen Plant? © 2021 Hyosung

Hyosung built the nation´s first hydrogen charging station at Hyundai Motor´s Namyang R&D Center in Hwaseong, Gyeonggi Province, in 2008, and it has so far built hydrogen charging system in 18 locations nationwide, including the National Assembly and the Sejong Government Complex.

Hyosung is also stepping up its efforts to vitalize hydrogen mobility economy as seen by the plan of Hyosung Advanced Materials to invest 1 trillion won by 2028 to increase production of carbon fiber, which is used as a key material for fuel tanks in hydrogen cars, to 24,000 tons per year.

Linde, a global leader in hydrogen production, processing, storage and distribution, has the world´s largest liquid hydrogen production capacity and transportation system. It also operates the world´s first high-purity hydrogen underground storage and provides stable supply to customers using pipelines which stretch to 1,000 kilometers. Linde, which is spearheading the transition to clean hydrogen, has set up nearly 200 hydrogen fuel stations and 80 hydrogen electrolysis plants worldwide. It is also providing the latest electrolysis technology through its joint venture ITM Linde Electrolysis GmbH.

Responsible Textile Recovery Act of 2024 signed by Governor

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Modtissimo promotes sustainability with 28 coordinates in the Green Circle

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The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

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Pioneering open-source framework shows how early innovation drives a just and net-zero fashion future

The non-profit H&M Foundation, in collaboration with Accenture, has unveiled From Signals to Systems Change, an insight report calling on the fashion industry to rethink its role in transformation. At its core is the Reimagined System Map, a pioneering open-source framework that visualises how early-stage innovation could drive a just and net-zero textile future.

Lenzing confirmed as global leader in Canopy sustainability ranking

Lenzing AG has once again taken first place in this year's Hot Button Report published by the Canadian non-profit organization Canopy. With 34.5 out of 40 points and no known risk of sourcing from ancient and endangered forests, Lenzing remains one of the most sustainable companies in regenerated cellulose fiber production – setting a benchmark for responsible business practices in the textile and nonwovens industries.

Nike unites innovation, design and product teams to accelerate athlete-centered innovation

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DORNIER celebrates its anniversary at ITMA Asia + CITME

To mark its 75th anniversary, machine and plant manufacturer Lindauer DORNIER will be presenting the latest developments in its rapier and air-jet weaving machines at ITMA Asia + CITME in Singapore (Hall 2, Stand B401) from 28 to 31 October 2025. The focus will be on energy-efficient weaving technologies, new IoT solutions for networked textile production and systems for the series production of modern fibre composite components.

BCI warns against ‘dangerous dilution’ of EU corporate directives

The approval of the European Commission’s Omnibus I proposal by the European Parliament’s Committee on Legal Affairs, accepting controversial changes to key sustainability directives is of great concern. These changes, namely to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), threaten to significantly dilute business reporting and due diligence obligations.