South Korea’s Hyosung and industrial gas giant 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.
Under their accord on the cooperative partnership on liquid hydrogen supply, they will set up about 120 hydrogen recharging stations – 50 new and 70 enlarged stations to fuel liquid hydrogen – in key points across the country.
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.
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