Home Brand Story SK Group launched a hydrogen energy business, investing 12.4 trillion won

SK Group launched a hydrogen energy business, investing 12.4 trillion won

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SK Group launched a hydrogen energy business, investing 12.4 trillion won

According to foreign media business Korea reports, SK group recently officially launched the hydrogen energy business, with liquefied hydrogen production and charging as the core.

On August 6, SK Innovation’s SK Energy opened a large hydrogen charging station for hydrogen buses and trucks at Netruck House in Incheon, South Korea, following the opening of the first hydrogen refueling station in Ulsan in April, which is the second hydrogen refueling station in South Korea.

The Incheon Hydrogen Station is said to be a large-scale hydrogen refueling station with a refueling rate of 120 kilograms/hour, capable of charging 60 heavy-duty trucks per day and 24 hydrogen-powered passenger cars per hour. The Ulsan Hydrogen Station can charge 40 heavy trucks per day and 16 hydrogen passenger cars per hour.

By launching the hydrogen refueling station, SK Energy aims to further expand its hydrogen refueling business and transform itself into a green energy platform provider. SK E&S, which is responsible for the SK Group’s hydrogen production, is currently constructing the world’s largest liquefied hydrogen plant at SK’s Incheon Petrochemical Site in Incheon City.

The facility purifies gaseous hydrogen to high purity and cools it to -253°C to make it liquid. It produces 90 tons of liquefied hydrogen per day and 30,000 tons of liquefied hydrogen per year.

The SK Group has also increased its investment in alternative energy sources such as hydrogen, announcing in its sustainability report that it will invest a total of KRW 12.4 trillion in energy-related projects by 2025.