Hyundai Motor Company said today it has signed a memorandum of understanding (MOU) to promote the development of the global hydrogen ecosystem. The signing took place with South Korea’s Ministry of Environment, Korea Water Resources Corp., Global Green Growth Institute (GGGI) and SK E&S at the Dubai Expo during the COP28 World Climate Summit.*
“The agreement aims to rapidly grow the global hydrogen ecosystem and respond more actively to climate change by sharing leading examples of hydrogen ecosystem development currently underway in Korea with the international community. To this end, Hyundai Motor and its Korean partners will provide case studies and consultation on hydrogen projects and GGGI will publish an evaluation report based on the case studies for international sharing,” Hyundai said.
Hyundai Motor is introducing its ‘Waste-to-Hydrogen’ process and actively expanding its application in the global market. This resource-recycling hydrogen production method produces clean hydrogen using biogas from organic wastes, such as food waste, sewage sludge and livestock manures. It removes impurities such as methane while producing an eco-friendly energy source through waste resource utilization.**
“Hyundai Motor’s waste-to-hydrogen production process underscores the importance of reducing methane, a major contributor to climate change. The company is actively fostering the biogas industry, converting methane from waste into hydrogen for eco-friendly mobility, power generation and industrial use. Waste-to-hydrogen facilities in South Korea produce around 500 kilograms of hydrogen daily, contributing to a carbon-neutral approach through renewable energy use,” Hyundai said.
“The company is focused on a comprehensive hydrogen package business, integrating the entire value chain for a circular economy in the hydrogen society. For this purpose, the company has engaged in the Waste-to-Hydrogen business, aiming to facilitate the establishment of a global hydrogen ecosystem by supplying eco-friendly hydrogen, even in regions without renewable energy resources. The project is expected to develop hydrogen production mini-hubs at a regional level, which will lead to the formation of hydrogen industrial clusters, thereby driving the hydrogen society,” Hyundai said.
*COP, the Conference of the Parties to the UN Framework Convention on Climate Change, is held annually to discuss concrete implementation measures of the Convention, which was signed at the UN Conference on Environment and Development in 1992. Signing ceremony attendees included Chul Youn Park, Head of Global Hydrogen Business in Hyundai Motor Company; Minister Wha-jin Han of the Ministry of Environment; and other participants from the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Korea Water Resources Corporation, Global Green Growth Institute (GGGI), and SK E&S.
** Hyundai Motor Group has six of its affiliates recognized for Environmental, Social and Governance (ESG) performance by being added to the 2023 Dow Jones Sustainability™ World Index (DJSI World). The affiliates include Hyundai Motor Company, Kia Corporation, Hyundai Mobis Co., Ltd., Hyundai Steel Company, Hyundai Engineering and Construction (E&C) Co., Ltd. and Hyundai Glovis Co., Ltd. The DJSI World consists of the top performers in the enhancement of sustainability, as determined by S&P Global using the Corporate Sustainability Assessment (CSA). Based on long-term economic, environmental and social criteria, it reflects the top 10% of the largest 2500 companies in the S&P Global BMI.
Hyundai Motor Signs Hydrogen Development Multilateral Deal
Hyundai Motor Company said today it has signed a memorandum of understanding (MOU) to promote the development of the global hydrogen ecosystem. The signing took place with South Korea’s Ministry of Environment, Korea Water Resources Corp., Global Green Growth Institute (GGGI) and SK E&S at the Dubai Expo during the COP28 World Climate Summit.*
“The agreement aims to rapidly grow the global hydrogen ecosystem and respond more actively to climate change by sharing leading examples of hydrogen ecosystem development currently underway in Korea with the international community. To this end, Hyundai Motor and its Korean partners will provide case studies and consultation on hydrogen projects and GGGI will publish an evaluation report based on the case studies for international sharing,” Hyundai said.
Hyundai Motor is introducing its ‘Waste-to-Hydrogen’ process and actively expanding its application in the global market. This resource-recycling hydrogen production method produces clean hydrogen using biogas from organic wastes, such as food waste, sewage sludge and livestock manures. It removes impurities such as methane while producing an eco-friendly energy source through waste resource utilization.**
“Hyundai Motor’s waste-to-hydrogen production process underscores the importance of reducing methane, a major contributor to climate change. The company is actively fostering the biogas industry, converting methane from waste into hydrogen for eco-friendly mobility, power generation and industrial use. Waste-to-hydrogen facilities in South Korea produce around 500 kilograms of hydrogen daily, contributing to a carbon-neutral approach through renewable energy use,” Hyundai said.
“The company is focused on a comprehensive hydrogen package business, integrating the entire value chain for a circular economy in the hydrogen society. For this purpose, the company has engaged in the Waste-to-Hydrogen business, aiming to facilitate the establishment of a global hydrogen ecosystem by supplying eco-friendly hydrogen, even in regions without renewable energy resources. The project is expected to develop hydrogen production mini-hubs at a regional level, which will lead to the formation of hydrogen industrial clusters, thereby driving the hydrogen society,” Hyundai said.
*COP, the Conference of the Parties to the UN Framework Convention on Climate Change, is held annually to discuss concrete implementation measures of the Convention, which was signed at the UN Conference on Environment and Development in 1992. Signing ceremony attendees included Chul Youn Park, Head of Global Hydrogen Business in Hyundai Motor Company; Minister Wha-jin Han of the Ministry of Environment; and other participants from the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Korea Water Resources Corporation, Global Green Growth Institute (GGGI), and SK E&S.
** Hyundai Motor Group has six of its affiliates recognized for Environmental, Social and Governance (ESG) performance by being added to the 2023 Dow Jones Sustainability™ World Index (DJSI World). The affiliates include Hyundai Motor Company, Kia Corporation, Hyundai Mobis Co., Ltd., Hyundai Steel Company, Hyundai Engineering and Construction (E&C) Co., Ltd. and Hyundai Glovis Co., Ltd. The DJSI World consists of the top performers in the enhancement of sustainability, as determined by S&P Global using the Corporate Sustainability Assessment (CSA). Based on long-term economic, environmental and social criteria, it reflects the top 10% of the largest 2500 companies in the S&P Global BMI.