Hyundai Motor Signs Agreement to Accelerate Global Hydrogen Ecosystem Development

Hyundai Motor Company has signed an agreement to promote the development of the global hydrogen ecosystem. The signing took place with South Korea’s Ministry of Environment, Korea Water Resources Corp., Global Green Growth Institute (GGGI) and SK E&S during the COP28 World Climate Summit in Dubai.

The agreement aims to rapidly grow the global hydrogen ecosystem by sharing examples of hydrogen ecosystem development currently underway in Korea with the international community.

Hyundai Motor is introducing its ‘Waste-to-Hydrogen’ process, and actively expanding its application in the global market.

This process produces clean hydrogen using biogas from organic wastes, such as food waste, sewage sludge and livestock manures.

It removes impurities like methane while producing an eco-friendly energy source through waste resource utilisation. 

The project is expected to develop hydrogen production mini-hubs at a regional level, which will lead to the formation of hydrogen industrial clusters, thereby driving the hydrogen society.

The global expansion of this initiative, particularly in the ASEAN region, reflects Hyundai Motor’s commitment to creating a sustainable global hydrogen ecosystem.

In addition, Korea's Ministry of Environment will provide cases of hydrogen vehicle distribution and the establishment of charging station ecosystems.

Chul Youn Park, Head of Global Hydrogen Business in Hyundai Motor Company, says: “Our Waste-to-Hydrogen model is an eco-friendly hydrogen production method that has already been successfully deployed and proven in Korea. Through this agreement, we aim to further promote the benefits of Waste-to-Hydrogen production, expand the adoption of the model worldwide and amplify the real-world business growth by leveraging our global leadership in Waste-to-Energy technology and hydrogen ecosystem presence.” 

Hyundai Motor announced plans for the establishment of a ‘Hydrogen Business Toolbox’ during the ‘2023 CEO Investor Day’ in June, 2023.