In the Netherlands, Offshore Energy reported that South Korean conglomerate Hyundai Motor Group (HMG) has entered a multilateral memorandum of understanding (MoU) with Pyeongtaek City and key partners to develop carbon-neutral hydrogen port initiatives.
Under the terms of the agreement, Hyundai Motor Company, HMG’s subsidiary, will oversee hydrogen-related business strategy, while Kia Corporation, a South Korean automobile manufacturer, and Hyundai Glovis, another HMG subsidiary, will introduce and operate hydrogen fuel cell power generators at their facilities in Pyeongtaek Port.
The initiative seeks to lay the foundation for large-scale hydrogen use across port operations. The plan is said to include leveraging the hydrogen production complex near Pyeongtaek Port to establish a hydrogen-based power supply system with a 15-kilometer pipeline. HMG and partners will complement the efforts with joint technology development and demonstration projects for fuel cell generators at Kia and Hyundai Glovis facilities, the report added.
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