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Korea s SK Plans $16.5bn Investment in Hydrogen
South Korea’s SK Holding, part of SK Group, will invest won 18.5 trillion ($16.5bn) over the next five years to develop a hydrogen production-distribution-consumption ecosystem, it said on March 2.
As part of the plan, it will invest won 500bn to develop a hydrogen-based fuel cell power plant by 2023 in Incheon, with a capacity of 30,000 metric tons (mt)/year of liquid hydrogen. This facility will use hydrogen recycled from the petrochemicals manufactured at the nearby plant.
SK Holdings will also invest won 5.3 trillion to develop a facility to produce 250,000 mt/year of hydrogen from LNG.
BloombergNEF: Investitionen in Energiewende betrugen 2020 erstmals über $500 Milliarden (ee-news ch) ee-news.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ee-news.ch Daily Mail and Mail on Sunday newspapers.