South Korea's Largest Hydrogen Gas Production Facility to Be Built in Ulsan
Key Ideas
- Kukdong Oil & Chemicals Co. in South Korea is constructing the nation's largest hydrogen gas production facility in Ulsan, with a capacity of 92,000 normal cubic meters per hour.
- The project, a joint venture with Deokyang Energen Corp., signifies a substantial investment of approximately $157 million and aims to supply hydrogen gas to S-Oil's Shaheen Project.
- Scheduled for completion in May 2026, this venture allows Kukdong Oil & Chem. to expand into the renewable energy market and contribute to the eco-friendly initiatives in South Korea's industrial sector.
- The hydrogen gas production plant is part of a larger project to establish high-value-added petrochemical production facilities within the Onsan National Industrial Complex, with a total investment of $8.2 billion to be completed by 2026.
South Korea's Kukdong Oil & Chemicals Co. has announced the construction of the nation's largest hydrogen gas production facility in Ulsan. This project, undertaken by K&D Energen Co., a joint venture between Kukdong Oil & Chem. and Deokyang Energen Corp., had its groundbreaking ceremony on June 25 at the Onsan National Industrial Complex. The plant, set to be completed in May 2026, will have a capacity of 92,000 normal cubic meters per hour (8,280 kg) and represents an investment of around $157 million. The produced hydrogen gas will mainly serve S-Oil's Shaheen Project, a venture looking to establish advanced petrochemical production units within the industrial complex with a total investment of $8.2 billion by 2026. Kukdong Oil & Chem., known for its industrial lubricants and fuel sales, sees this hydrogen gas initiative as a strategic move to enter the renewable energy sector and enhance its focus on eco-friendly energy solutions in the market.
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Renewable Energy
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Energy
Joint Venture
Industrial Sector
Commercial Production
Petrochemical Industry
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