Lotte Chemical and Bumham Fuel Cell will look to expand the domestic hydrogen value chain in South Korea with a new collaboration agreement signed between the two groups.
As part of this collaboration agreement, the two groups will cooperate in various hydrogen fields such as hydrogen fuel cell power generation as well as expansion of the hydrogen infrastructure to support the growing hydrogen market.
Read more: Lotte Chemical to invest ₩4.4 trillion in hydrogen by 2030; releases new hydrogen roadmap
Read more: South Korea’s hydrogen market will almost double in size from £9.1bn in 2020 to £17.3bn by 2030, says new report
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