SEOUL, May 18 (AJP) - Hyundai Motor Group said Monday it has signed a multilateral memorandum of understanding with nine other companies to create a hydrogen ecosystem in Hong Kong, positioning the city as a gateway for the group's broader push into the Asia-Pacific hydrogen market.
Hyundai Motor and Hyundai Engineering & Construction signed the agreement during the International Hydrogen Development Symposium 2026 at the Hong Kong Convention and Exhibition Centre.
The agreement involves 10 companies, including South Korean firms Hyundai Motor, Hyundai Engineering & Construction and JING, as well as Hong Kong, Chinese and international partners including Towngas, Veolia, China Certification & Inspection Group, Guofu Hydrogen Energy, Templewater, Chun Wo Construction and Chun Wo Bus.
Under the agreement, the companies will work to develop waste-to-hydrogen facilities that produce low-carbon hydrogen from landfill gas, build liquid hydrogen refueling stations and introduce hydrogen-powered mobility services. Liquid hydrogen refueling stations can store more hydrogen per unit volume than gaseous hydrogen stations, making them better suited for areas with limited available land.
Hyundai Motor Group said the project is designed to support Hong Kong’s energy transition by creating a local hydrogen value chain that connects production, charging and mobility use.
Hong Kong has limited land available for renewable energy production and relies heavily on imported energy. According to the city’s Census and Statistics Department, its dependence on imported primary energy stood at about 98.7 percent last year. The project comes as the Hong Kong government, which redefined its hydrogen roadmap in 2024, has been supporting hydrogen commercial vehicles and refueling infrastructure through the New Energy Transport Fund.
Hyundai Motor will oversee the broader hydrogen ecosystem project, including hydrogen production, refueling infrastructure and the supply of hydrogen mobility. Hyundai Engineering & Construction will design and build waste-to-hydrogen facilities optimized for Hong Kong’s hot and humid climate.
Hyundai Motor Group has been expanding its hydrogen business in South Korea and overseas. The group has built biogas-based clean hydrogen production facilities in Cheongju and Paju and began applying a similar waste-to-hydrogen model in Indonesia last year.
In 2023, it established HTWO Guangzhou, its first overseas hydrogen fuel cell system production base, as part of efforts to expand in the Greater China market.
Shin Seung-kyu, executive vice president in charge of energy and hydrogen policy at Hyundai Motor Group, said the agreement was signed to support Hong Kong’s hydrogen policy and build a local hydrogen ecosystem based on the group’s hydrogen business capabilities and experience.
He said Hyundai Motor Group will continue to expand cooperation and business opportunities across the Asia-Pacific hydrogen market, starting with Hong Kong.
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