▲MOU commemorative photo (Photo source: Hyundai Motor Company)

The goal is to grow the global hydrogen ecosystem and actively respond to climate change.
Hyundai Motor Company Introduces Biogas-Based Hydrogen Production Project

Hyundai Motor Company is contributing to the global transition to a hydrogen society by sharing leading examples of the domestic hydrogen ecosystem.

On Friday, December 8, Hyundai Motor Company signed a Memorandum of Understanding (MOU) with the Ministry of Environment, Korea Water Resources Corporation, Global Green Growth Institute (GGGI), and SK E&S to expand the global hydrogen mobility ecosystem at Dubai Expo City, where the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) is being held.

The COP (Conference of the Parties), which will be held for the 28th time in 2023, is an annual meeting held to discuss specific implementation measures for the Climate Change Convention concluded at the 1992 United Nations Conference on Environment and Development. 199 countries that have signed the Climate Change Convention participate.

This agreement aims to rapidly grow the global hydrogen ecosystem and more proactively address climate change by sharing leading examples of hydrogen ecosystem development currently underway in Korea with the international community.

To this end, Hyundai Motor Company, the Ministry of Environment, Korea Water Resources Corporation, and SK E&S will support research on each case provided, and the Global Green Growth Institute (GGGI) plans to publish an evaluation report based on this to enable the cases to be shared and disseminated to the international community..

In this agreement, Hyundai Motor Company will introduce its "Waste-to-Hydrogen" project, a resource-circulating hydrogen production project, and take the lead in expanding the application of this business model to the global market.

'Waste-to-Hydrogen' is Hyundai Motor Company's clean hydrogen production and utilization model that extracts methane from waste such as food waste, sewage sludge, and livestock manure, refines it to produce biogas, and then converts it into hydrogen energy.

Even in countries with limited hydrogen production resources, local hydrogen production is possible using discarded waste, which has the advantage of increasing hydrogen resource independence by reducing the costs of hydrogen production, transportation, and storage.

Hyundai Motor Company expects that through this agreement, it will be able to widely publicize the benefits of a resource-circulating hydrogen production model and accelerate the realization of a global hydrogen society by fully expanding its business worldwide.

In addition, the Ministry of Environment will provide examples of hydrogen vehicle distribution and building a charging station ecosystem, the Korea Water Resources Corporation will provide examples of hydrogen production and utilization for transportation using small hydropower, and SK E&S will provide examples of liquefied hydrogen production and utilization for international organizations to publish reports, and will contribute to the global expansion of these business models.

Hyundai Motor Company stated that the resource-circulating hydrogen production model is an eco-friendly hydrogen production method that has already been commercialized in Korea, and that it expects that by expanding the Waste-to-Hydrogen business to overseas markets through this agreement, it will be able to contribute to the spread of the circular economy within the global hydrogen society.

Meanwhile, Hyundai Motor Company announced plans to build a 'Hydrogen Business Toolbox' where various entities within the Hyundai Motor Group will organically collaborate at the '2023 CEO Investor Day' in June of this year, in order to realize its vision of carbon neutrality and a hydrogen ecosystem.We are making various efforts.