South Korea’s government and leading corporations of the country agreed to start a business with the aim to install a network of hydrogen filling stations. Hyundai as well as the state-owned Korea Gas Corporation are part of the deal set for this November.
To start with, the partners want to install eight H2 filling stations located on Korea’s busiest highways with another ten to supply fuel cell vehicles in Seoul and other large cities with hydrogen.
The special purpose company (SPC) is to be established this November with the Ministry of Trade, Industry and Energy having signed a memorandum of understanding with local automakers, state-run utilities companies and related organisations already.
The government in Seoul plans to supply about 15,000 hydrogen vehicles and 310 charging stations nationwide by 2022 to tackle air pollution and foster demand for fuel cell vehicles.