Nov 12 | 2020
(Asia) First Hydrogen Liquefaction in Korea
Industrial group Doosan has signed a contract to build Korea’s first hydrogen liquefaction plant.
The engineering, procurement and construction contract is valued at 120 billion won (US$110 million) and will see Doosan develop the Changwon Hydrogen Liquefaction Project in Changwon City, Gyeongnam Province.
“We will make sure that Korea’s first hydrogen liquefaction plant project is a success. By establishing the foundation for liquefied hydrogen production, we aim to contribute to promoting the hydrogen economy infrastructure,” said Yeonin Jung, COO of said Doosan Heavy.
The ambitious project aims to create a facility with daily production capacity of 5 tons of liquefied hydrogen, with the liquid fuel to be supplied to hydrogen charging stations nationwide.
“Hydrogen, a clean energy source, is liquefied at a cryogenic temperature of –2530 degrees Celsius, and is easier to store and transport than gaseous hydrogen since its volume is reduced by 800 times. Liquefied hydrogen charging stations also require half the ground area compared to gaseous hydrogen charging stations, making it possible to combine them with petrol stations or LPG charging stations in the city,” a Doosan spokesperson said.
Construction is set to commence by 2022 with the Changwon plant scheduled to begin commercial operation in 2023.
The plant has been selected as an “Industrial Complex Environmental Improvement Fund Project” by the Korean government, and a major element in its Roadmap for Promotion of the Hydrogen Economy, launched last year.
Under the terms of the contract, authorities in Gyeongnam Province and Changwon City will provide administrative support and a commitment to purchase the liquefied hydrogen fuel while Doosan will carry out all EPC work and will also provide operation and maintenance services for 20 years.
Funding for the project will be supplied by BNK Kyongnam Bank, which plans to invest 61 billion won of private funds out of the total investment amount of 95 billion won.
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