Hyundai Motor Group is set to establish a comprehensive hydrogen value chain in Hong Kong, encompassing hydrogen production, refueling, and utilization.
On May 18, the company announced the signing of a multilateral memorandum of understanding (MOU) at the Hong Kong Convention Center during the 'International Hydrogen Development Symposium 2026' to create a hydrogen ecosystem in the region.
The MOU aims to build a 'resource-circulating hydrogen production model (W2H)' facility utilizing landfill gas, establish liquefied hydrogen refueling stations, and introduce hydrogen mobility to promote and activate the hydrogen ecosystem.
The initiative involves three South Korean companies, including Hyundai Motor, Hyundai Engineering & Construction, and JN Group, along with seven other firms: China Gas Hong Kong, Veolia, China Certification & Inspection Group, Guofu Hydrogen Energy, Temple Water, Chunwo Construction, and Chunwo Bus.
These companies will collaborate to produce eco-friendly hydrogen energy locally and develop infrastructure that connects hydrogen production with refueling and hydrogen mobility distribution, supporting Hong Kong's energy independence.
Specifically, the project will implement the W2H model to produce low-carbon hydrogen energy from landfill gas. Additionally, liquefied hydrogen refueling stations will be established in key areas with high transportation demand. These stations are more suitable for Hong Kong's limited space as they can store more hydrogen per unit volume compared to gaseous hydrogen stations.
Throughout the project, Hyundai Motor will oversee all aspects of the hydrogen ecosystem in Hong Kong, including hydrogen production, utilization, and refueling station construction, while promoting hydrogen mobility. The company plans to expand its hydrogen market into the Asia-Pacific region in the future.
Shin Seung-kyu, Vice President of Hyundai Motor Group's Energy and Hydrogen Policy Division, stated, "In line with Hong Kong's proactive hydrogen policies, we aim to leverage Hyundai Motor Group's capabilities and experience in hydrogen business to foster a local hydrogen ecosystem. Starting in Hong Kong, we will expand our cooperation and business across the Asia-Pacific hydrogen market."
Meanwhile, Hyundai Motor Group is expanding its hydrogen value chain business, centered around its hydrogen brand 'HTWO,' which encompasses production, storage, transportation, and utilization.
* This article has been translated by AI.
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