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Plastic Omnium Wins a Major Contract With Huyndai

By September 8, 2021 2   min read  (253 words)

September 8, 2021 |

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Plastic Omnium wins a major contract with Huyndai to supply high-end hydrogen vessels, produced in Korea, highlighting the Group’s successful zero emission strategy.

The Korean automaker Hyundai Motor Company (HMC) has selected Plastic Omnium to equip its new Multi-Purpose Vehicle STARIA with hydrogen storage systems. This contract represents for Plastic Omnium a total volume of more than 30,000 units per year, from 2023.

Type IV 700- bar High-Pressure Vessels (HPV) will be developed with the support of our teams in Europe and China and produced in Korea, in Plastic Omnium’s plant of Gyeong-Ju. With an initial investment of €30m, the plant will host a new hydrogen vessels production line to support the Group’s development in Korean market.

“We are proud that Hyundai has entrusted Plastic Omnium to support its commitment to zero emission mobility. This major award underlines the Group’s technological leadership in hydrogen technologies, as well as its industrial capabilities to produce and deliver high-end Hydrogen vessels and systems, worldwide.” Christian Kopp, President and CEO Plastic Omnium Clean Energy Systems.

Plastic Omnium’s solution, which offers a thin hydrogen storage system, can be housed in the vehicle’s floor architecture. This system gives carmakers the flexibility to integrate, on one single architecture, either battery or hydrogen storage modules.

This commercial success adds up on several 2020 contracts in the accelerating zero-emission mobility market, and testifies of the Group’s Hydrogen strategy relevance. Plastic Omnium has achieved 5% of its 2020 revenue from electrified vehicle contracts and aims to increase this figure to 17% by 2025.

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