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S. Korean Companies Bet Big on Hydrogen for Zero-emission Goal
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Hyundai Motor Co. introduces its fuel cell electric vehicle, the NEXO, in a hydrogen mobility show held at KINTEX in Goyang, north of Seoul, on July 1, 2020, in this photo provided by the automaker.
SEOUL, Dec. 16 (Korea Bizwire) Major South Korean companies in carbon intensive industries are jacking up investment in hydrogen across sectors to cut their greenhouse emissions and capture new business opportunities in the emerging energy sector.
Hydrogen can offer solutions in fields ranging from transport to energy storage as an alternative to fossil fuels and is an important pillar of President Moon Jae-in’s Green New Deal initiative aimed at going carbon neutral by 2050 and developing renewable energy industries.