Hyundai Glovis, a global SCM specialist, is accelerating the establishment of a liquid hydrogen supply chain by establishing a cooperative system with Air Products, a global industrial gas leader.
Hyundai Glovis held a ‘Memorandum of Understanding (MOU) signing ceremony for the establishment of a liquefied and clean hydrogen supply chain’ with Air Products.
The signing ceremony was held in a non-face-to-face format using a video application in the presence of key stakeholders including Hyundai Glovis CEO Jeong-hoon Kim (President), Air Products Asia President Wilbur W.Mok, and Air Products Korea CEO Kim Kyo-young.
At the signing ceremony, CEO Kim Jeong-hoon said, “We are looking forward to synergy by collaborating between Hyundai Glovis, which has strengths in global land and sea gas transportation, and Air Products, which has know-how in gas manufacturing/sales technology.” We plan to focus our competencies on building a supply chain,” he said.
Air Products, in partnership with Hyundai Glovis, is a global industrial gas company headquartered in Pennsylvania, USA, and recorded sales of $8.9 billion in fiscal 2020.
As the world’s largest hydrogen producer with more than 60 years of hydrogen handling experience and participation in more than 250 hydrogen refueling station projects in 20 countries, it provides comprehensive solutions from the production, liquefaction, storage and transportation of hydrogen to charging systems and related infrastructure.
According to the agreement, the two companies plan to review cooperation in various projects, such as ▲ building a domestic liquid hydrogen supply chain ▲ building a domestic blue/green hydrogen supply network and promoting participation in overseas blue/green hydrogen shipping by sea ▲ joint development of new projects for overseas regions.
First, with regard to the establishment of a domestic liquid hydrogen supply chain, Hyundai Glovis plans to enhance domestic distribution competitiveness by securing a stable supply source for liquid hydrogen, while Air Products plans to review investment and operation of a liquid hydrogen plant.
In addition, Hyundai Glovis plans to introduce clean hydrogen and green ammonia based on its shipping capabilities, while collaborating on building a green ammonia-based hydrogen supply chain using Air Products’ original technologies such as ammonia decomposition technology.
Furthermore, it is a strategy to join forces in discovering new overseas business models by combining the global network of Hyundai Glovis and the technology of Air Products.
Hyundai Glovis is taking a preemptive move to lead the hegemony of hydrogen logistics in the upcoming hydrogen society. Recently, it launched an eco-friendly energy solution brand ‘ECOH’ and is spurring new sustainable businesses.
The strategy is to play a major role in advancing the hydrogen society by providing optimal services in all areas of the hydrogen value chain, including production, storage, transportation, and supply.
From the first half of this year, by-product hydrogen produced at a hydrogen plant near Hyundai Steel’s Dangjin Works in Chungcheongnam-do has been supplied to Hynet (Hydrogen Energy Network) charging stations by introducing a special hydrogen vehicle ‘tube trailer’ that can transport up to 340 kg of hydrogen at a time. are doing
By gradually increasing the hydrogen distribution and infrastructure operation business, the number of hydrogen delivery centers will be expanded to nine by 2030, and hydrogen will be supplied to more than 360 charging stations nationwide.
In the hydrogen transportation process, the hydrogen supply chain optimization platform developed by Hyundai Glovis for the first time in Korea is applied, so hydrogen production/consumption information is shared between hydrogen producers and charging stations in real time.
Going global, it recently signed a transportation contract with Trafigura, one of the world’s three largest raw material trading companies, and plans to start shipping ammonia and liquefied petroleum gas (LPG) by sea from 2024. Ammonia is considered as the most efficient hydrogen storage and transport medium at the current level of technology.
Hyundai Glovis plans to create a hydrogen ecosystem where anyone can easily use hydrogen by building a dense hydrogen logistics infrastructure by utilizing its strengths as a global SCM specialist.
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