SK Plans To Develop Hydrogen Base in Ulsan
South Korea’s SK Group has announced plans to build a 140,000 square meter hydrogen fuel base in Ulsan. A liquid hydrogen production plant will be built, and a hydrogen-fueled power plant will also be constructed.
With the participation of Lotte Chemical, the project aims to promote the accumulation of hydrogen-related industries in the city. SK Gas will be the main proponent of the project. The company plans to invest 2.2 trillion won (about 216 billion yen) over the next five years to build infrastructure for the generation, storage, and transportation of hydrogen energy in anticipation of its widespread use, and has also announced plans to build 100 hydrogen filling stations in South Korea by 2030.