SK E&S has set its sights on becoming the world’s leading hydrogen provider with a target to achieve a corporate value of 35 trillion won ($30.15bn) by 2025.
With this ambitious target, SK E&S will also aim to produce 280,000 tonnes of hydrogen as it looks to support the energy transition in Koreas whilst also broadening its prospects.
Speaking at a news conference, Choo Hyung-wook, CEO and President of SK E&S, addressed the company’s targets to help realise its vision of becoming a leading hydrogen business around the world.
To achieve this aim, the company is planning on increasing its annual hydrogen supply capacity to 280,000 tonnes, 30,000 tonnes of liquefied hydrogen and 250,000 tonnes of blue hydrogen by 2025.
This would situate the company as one of the largest hydrogen producing companies in the world.
SK E&S also intends to help establish a hydrogen ecosystem in South Korea with the group in charge if implementing SK Group’s vision for hydrogen in the future.
As previously revealed, to achieve this target, SK Group will invest roughly 18 trillion won ($15.5bn) by 2025 to build a value chain that encompasses production, distribution and the consumption of hydrogen.
Hydrogen refuelling stations will also be a key part of accelerating the hydrogen economy in South Korea with the first step being to construct around 100 refuelling stations across the country by 2025.
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