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Lotte Chemical to invest ₩4.4 trillion in hydrogen by 2030; releases new hydrogen roadmap

Lotte Chemical to invest ₩4.4 trillion in hydrogen by 2030; releases new hydrogen roadmap

South Korean-based Lotte Chemical has unveiled its 2030 hydrogen growth roadmap which outlines the company’s intentions in accelerating hydrogen adoption and an investment of ₩4.4 trillion ($3.8bn) by 2030.

Released today (July 13), the “Every Step for H2” roadmap establishes the goal of supplying 30% of domestic hydrogen demand along with achieving carbon-neutral growth by 2030.

This is expected to be achieved through an investment of about ₩4.4 trillion ($3.8bn) in several stages by 2030; this will help attain sales of ₩3 trillion ($2.6bn) and an operating profit rate of 10%.

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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