Hyosung and the Linde Group, a leading global provider of industrial gases, will invest 300 billion won (US$246 million) until 2022 in a joint enterprise of creating a value chain that covers everything about the setup and operation of liquid hydrogen production, transport and recharging facilities. Both companies will invest in the construction of a liquid hydrogen plant on an area of about 30,000 square meters within the site of Hyosung Yongyeon plant in Ulsan. Its annual capacity of production is 13,000 tons of liquid hydrogen—enough to fuel 100,000 sedans. It will be the world’s single largest liquid hydrogen manufacturing facility. The two companies will form a joint venture this year, break ground in the first quarter of next year and complete the liquid hydrogen plant in 2022. The new plant will produce liquid hydrogen by applying Linde’s hydrogen liquefaction technology and system to byproduct hydrogen produced by Hyosung […]