Hyundai Glovis to establish global hydrogen supply chain with Air Products

20-Oct-2021 Intellasia | Koreatimes | 5:02 AM Print This Post

Hyundai Glovis is preparing to strengthen its cooperation with Air Products, the world’s largest industrial gas manufacturing company, to establish a liquefied hydrogen supply chain.

Hyundai Glovis and Air Products signed a memorandum of understanding (MOU) for this, Tuesday, through a video conference with Hyundai Glovis CEO Kim Jung-hoon, Air Products Asia President Wilbur Mok and Air Products Korea CEO Kim Kyo-young in attendance.

“There shall be a great synergy with Glovis, which has lots of experience in global gas transportation, and Air Products, which has lots of experience in gas manufacturing and sales technology,” Kim Jung-hoon said. “We expect to concentrate and discuss a deeply developing liquefied and clean hydrogen supply chain.”

Air Products & Chemicals is a global industrial gas company headquartered in the US state of Pennsylvania, with sales of $8.9 billion during the 2020 fiscal year.

As the world’s largest hydrogen producer, with more than 60 years of hydrogen business experience and participation in more than 250 ‘hydrogen refuelling station projects’ in 20 different countries, Air Products provides overall systems throughout the hydrogen business logistic chain, from production, liquefaction, storage and transportation to charging and fuelling systems, and related infrastructure.

Under the MOU, both companies will review various business projects, such as building up a domestic supply chain for liquid hydrogen, creating a domestic blue and green hydrogen supply network, participating in overseas blue and green hydrogen ocean shipping and the global joint development of overseas businesses.

To establish a domestic liquid hydrogen supply chain, Hyundai Glovis plans to secure stable supply sources for domestic distribution, while Air Products will investment and develop an operating plan for a liquid hydrogen plant.

The company plans to utilise its global network, along with the technology of Air Products, to target and discover new overseas business models.

Starting from the first half of 2021, Hyundai Glovis has introduced a dedicated hydrogen transportation “tube trailer,” which can transport up to 340 kilogram of hydrogen at a time. Hyundai Glovis has allocated a dedicated vehicle at a hydrogen plant near Hyundai Steel’s Dangjin steelworks to supply LPG to Hynet (Hydrogen Energy Network) charging stations.

The company plans to expand its hydrogen distribution business and infrastructure through 2030, including establishing nine hydrogen centers and supplying more than 360 charging stations nationwide.

“Our goal is to make a hydrogen-friendly ecosystem, so that anyone can use hydrogen anywhere and anytime, by establishing a hydrogen logistics infrastructure based on our strengths as a global SCM provider,” a Hyundai Glovis official said.


Category: Korea

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