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Hyundai Oilbank Enters Hydrogen Fuel Cell Business

By August 27, 2021 2   min read  (270 words)

August 27, 2021 |

Fuel Cells Work, Hyundai Oilbank Enters Hydrogen Fuel Cell Business
  • Hyundai Oilbank announced on the 26th that it has decided to equip a hydrogen fuel cell separator production facility in its Daesan plant by the end of 2021
  • Fuel cell core parts separation membrane facility to be built within this year
  • Expansion of fuel cell business such as mass-produced electrolyte membrane in 2023
  • Participation in localization of parts” Equipped with the first high-purity hydrogen facility in Korea”

Hyundai Oilbank plans to complete the construction and test operation of the separator production facility within this year, conduct a demonstration test jointly with a domestic automobile manufacturer next year, and begin mass production of the product in 2023.

Next, it plans to expand its business to electrolyte membranes from next year and generate annual sales of 500 billion won and operating profit of more than 100 billion won in the hydrogen fuel cell field alone by 2030. In the long term, it will also consider entering into the unit cell business encompassing the overall hydrogen fuel cell for automobiles, such as gas diffusion layer and electrode separator, and the fuel cell system business for buildings and heavy equipment.

Hyundai Oilbank is also spurring the production of high-purity hydrogen fuel for hydrogen vehicles. In order to use it as a fuel for hydrogen cars, the purity of hydrogen must be increased to 99.999%. This is a scale that can charge 600 hydrogen-powered NEXOs.

In addition, Hyundai Oilbank plans to build a hydrogen mobility ecosystem by establishing 180 hydrogen vehicle charging networks nationwide by 2030.

Dal-ho Kang, president of Hyundai Oilbank, said, “Recently, we are promoting eco-friendly businesses such as solar panel material production, greenhouse gas resource conversion, and bio jet fuel. “He said.

 

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