Gyeongju: Hyundai Motor Group on Thursday underscored its commitment to positioning hydrogen energy as a central component in achieving future carbon neutrality. The company called for enhanced global cooperation among stakeholders to expand the hydrogen ecosystem.
According to Yonhap News Agency, the group was an active participant in a session on hydrogen strategy at the Asia-Pacific Economic Cooperation (APEC) CEO Summit. The session featured Hyundai Motor Group Vice Chairman Chang Jae-hoon and Ivana Jemelkova, CEO of the Hydrogen Council, an international corporate initiative promoting hydrogen as a key factor in future energy transition.
Chang highlighted the role of hydrogen in accelerating carbon neutrality, particularly by addressing the intermittency of renewable energy sources and enhancing energy resilience. During the event, he stressed the necessity of long-term collaboration between governments and industry to achieve scalable results in the global hydrogen value chain.
He further elaborated on Hyundai Motor's approach to turning global momentum into tangible action through a dual strategy focused on driving both demand and supply for hydrogen energy. To facilitate hydrogen generation, Hyundai is investing in waste-to-hydrogen and other advanced hydrogen-related technologies in South Korea. This includes ongoing projects in Buan and Boryeong, as well as a 5-megawatt-class system being prepared on Jeju Island.
Chang reiterated that creating demand and securing supply must occur simultaneously, which is why Hyundai is making significant efforts to lead on both fronts. He emphasized that building a hydrogen ecosystem is a collective endeavor that no single company can achieve independently.
Hyundai Motor, as a co-chair of the Hydrogen Council, has been at the forefront of developing hydrogen technologies for nearly three decades. The company has achieved significant milestones, including the production of the world's first mass-produced hydrogen fuel cell truck and the Nexo hydrogen-powered passenger vehicle.