South Korea's Growing Demand for Hydrogen in Mobility Sector
Key Ideas
- Korea's hydrogen demand in the mobility sector surged by 59% in the first three quarters of the year compared to the previous year.
- The government emphasizes the importance of a stable hydrogen supply to support the growing hydrogen mobility industry.
- The Korea Petroleum Quality & Distribution Authority plans on-site inspections at hydrogen facilities to ensure market stability.
Data from the Ministry of Trade, Industry and Energy revealed that South Korea's demand for hydrogen in the mobility sector has seen a significant increase, with consumption reaching 6,389 tons from January to September, a substantial rise from the previous year. This surge is attributed to the growing number of hydrogen buses in the country. Deputy Minister for Energy Policy, Lee Ho-hyeon, highlighted the increasing opportunities for people to engage with hydrogen products in daily life. To support the hydrogen mobility industry, the government intends to closely monitor the market and collaborate with relevant stakeholders. The Korea Petroleum Quality & Distribution Authority plans rigorous on-site inspections at hydrogen facilities nationwide to ensure market stability and consistent supply. This strategic focus on hydrogen reflects South Korea's commitment to advancing sustainable energy solutions and fostering innovation in the mobility sector.
Topics
Cities
Industry Growth
Energy Policy
Korea
Mobility Sector
Government Plans
Hydrogen Demand
Ministry Of Trade
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