Seoul: South Korea is advancing plans to establish two hydrogen clusters in the eastern provinces, aiming to boost hydrogen-related businesses, including hydrogen batteries, the industry ministry announced on Thursday. The initiative reflects the country's commitment to fostering sustainable energy solutions and reducing dependence on fossil fuels.
According to Yonhap News Agency, the Ministry of Trade, Industry and Energy revealed that the construction of a specialized industrial complex for hydrogen storage and transportation is set to commence in March next year. This development will span the eastern cities of Donghae and Samcheok in Gangwon Province. Additionally, a hydrogen liquefaction plant is on the agenda for Samcheok, contingent upon the completion of an economic feasibility study scheduled for July.
In the southeastern city of Pohang, located in South Gyeongsang Province, construction of an industrial complex dedicated to manufacturing hydrogen fuel cells is slated to begin later this year. This project aims to position Pohang as a central hub for hydrogen battery exports, further enhancing the region's role in the global hydrogen economy.
To support these ambitious projects, the central and local governments plan to invest a total of 214.2 billion won (US$158 million) by 2028. They also aim to secure an additional 293.6 billion won in private sector investment. The ministry is committed to creating a comprehensive industrial ecosystem that encompasses the entire hydrogen value chain, from production and storage to transportation and utilization.