On the 12th, a 'business agreement for cooperation in building a hydrogen ecosystem' was signed and mutual cooperation was agreed to promote projects in the entire cycle of the hydrogen industry.
Ulsan City and Hyundai Motor Company are joining forces to make Ulsan a hydrogen-friendly city.
Ulsan City announced that it will sign a business agreement for 'cooperation in building a hydrogen ecosystem with Hyundai Motor Company' at the VIP room on the 12nd floor of the Hyundai Motor Company Ulsan Plant PR Center at 2:2 PM on November XNUMXth.
Mayor Kim Du-gyeom of Ulsan and CEO Lee Dong-seok of Hyundai Motor Company will attend the business agreement signing ceremony on this day.
According to the agreement, Hyundai Motor Company will cooperate with Ulsan City in promoting hydrogen industry full cycle projects, including establishing an integrated hydrogen supply chain (value chain) ranging from hydrogen production, supply, and storage to hydrogen electric vehicle development and fuel cell system utilization, and expanding hydrogen-related public sector projects.
Ulsan City will provide active administrative support for Hyundai Motor Company’s hydrogen industry full-cycle business promotion.
The main areas of cooperation include ▲technology development, demonstration, and commercialization for clean hydrogen production such as water electrolysis (hydrogen production) ▲technology development and demonstration for improving the efficiency of hydrogen supply and distribution (hydrogen distribution) ▲mutual cooperation for demonstration of new means of transportation (mobility) such as hydrogen tractors and hydrogen forklifts and expansion of various means of transportation (mobility) (hydrogen utilization).
With the signing of this agreement, Ulsan City plans to strengthen its position as a 'leading city in clean hydrogen energy' with a high value-added hydrogen industry ecosystem ranging from 'hydrogen production-storage-distribution-utilization' and to advance the realization of a hydrogen society.
In addition, the plan is to expand Ulsan's advanced hydrogen infrastructure, including the largest supply of hydrogen electric vehicles in the country, construction of hydrogen charging stations, and construction of hydrogen pipelines, which Ulsan City has been working on, as well as take a step forward in achieving carbon neutrality.
Lee Dong-seok, CEO of Hyundai Motor Company, said, “Hyundai Motor Company is making all-out efforts to build a hydrogen society, including going beyond hydrogen mobility and establishing an ecosystem based on hydrogen energy,” and added, “Through this agreement, we will seek continued cooperation so that Ulsan can become the center of a hydrogen-friendly city.”
Ulsan Mayor Kim Doo-kyum said, “I am very honored to have signed a business agreement with Hyundai Motor Company to build a hydrogen ecosystem to promote Ulsan as a hydrogen-friendly city.” He added, “Based on our main industries such as automobiles, hydrogen, secondary batteries, and fine chemicals, as well as the largest hydrogen infrastructure in the country, we will work with Hyundai Motor Company to make Ulsan a ‘leading city in clean hydrogen energy’ and lead the successful transition to an eco-friendly future mobility industry.”
Meanwhile, Ulsan City was selected for the 9rd Hydrogen City Development Project hosted by the Ministry of Land, Infrastructure, and Transport in September of this year, and will also pursue a regional specialized project for innovative technology verification of the first hydrogen tractor in Korea with Hyundai Motor Company.
The main content is to develop the first operational hydrogen tractor in Korea with Hyundai Motor Company and to demonstrate the operation of three units on a long-distance cargo logistics route starting from Ulsan.
In particular, the plan is to develop core technologies domestically and encourage the conversion of imported diesel-based large cargo vehicles to domestically produced eco-friendly vehicles, thereby advancing the domestic eco-friendly vehicle industry to the next level in the logistics sector. End.