Within the Yeosu National Industrial Complex is a natural island called Myodo, which will serve as a center for clean energy production, distribution, and use. The “Myodo Eco-Energy Hub” project, which is set to cost 15 trillion won by 2030, will have cost more than that amount.
Hanyang, Western Power, and GS Energy signed a “commercial agreement for the production and usage of clean hydrogen in Myodo, Yeosu.”
Representatives from Western Power, Hanyang, and GS Energy were present at the signing event. Choi Yong-beom, Vice President of Technology and Safety at Western Power, Ahn Young-hoon, Vice President of Hanyang, and Kim Seong-won, Vice President of GS Energy, were among them.
This agreement is intended to establish clean hydrogen and ammonia infrastructure by utilizing the Yeosu-Myodo Port redevelopment project land (about 650,000 m2) owned by Korean Western Power, Hanyang, and GS Energy, the primary stakeholders in the Myodo project.
In the agreement, Korea Western Power, Hanyang, and GS Energy determine that they will collaborate in order to build a foundation for a hydrogen/ammonia value chain, develop technology for producing hydrogen/ammonia and participating in the market, provide spaces for businesses, and use and introduce hydrogen.
Vice President of Korea Western Power Choi Yong-beom stated, “We expect this agreement will help provide the groundwork for Western Power to establish a competitive advantage in the field of clean energy generation in the future. We’ll work hard to get carbon neutrality as soon as possible.
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