Hyundai Group's Eco-Friendly Future: Focus on Hydrogen and Electrification in Marine Industry
Key Ideas
- Hyundai Group, under Vice Chairman Jung Ki-sun, is strategically focusing on hydrogen and electrification to dominate the future marine industry.
- HD Hyundai's subsidiary, HD Hydrogen, acquired Convion for 72 million euros, advancing into the hydrogen business as part of the 'Hydrogen Dream 2030 Roadmap'.
- Plans include developing hydrogen fuel cell propulsion lines for eco-friendly ships with over 40% higher energy efficiency and no air pollutant emissions, targeting commercialization by 2040.
- The group is also accelerating electric propulsion ship development in collaboration with Infineon and enhancing autonomous operation systems through subsidiary Avicus, establishing a strong position in these markets.
Hyundai Group, led by Vice Chairman Jung Ki-sun, is undergoing a strategic transformation towards eco-friendliness and dominance in the marine industry. Focusing on hydrogen and electrification, the group aims to revolutionize ship propulsion by electrifying ships and developing hydrogen fuel cell propulsion lines. The recent acquisition of Finnish company Convion for 72 million euros marks HD Hyundai's entry into the hydrogen business, aligning with the 'Hydrogen Dream 2030 Roadmap' announced by Vice Chairman Chung in 2021. Plans are underway to develop hydrogen fuel cell propulsion lines for ships, promising higher energy efficiency and zero air pollutant emissions by 2040. Additionally, collaborations with Infineon for electric propulsion ship technologies and advancements in autonomous operations through subsidiary Avicus demonstrate Hyundai's commitment to staying at the forefront of these innovative fields. The group's transition towards electrification capabilities and a strong focus on navigation solutions signify a positive outlook for a sustainable and eco-friendly future in the marine industry.
Topics
Maritime
Decarbonization
Eco-friendly
Technology Development
Acquisitions
Marine Industry
Electrification
Autonomous Operations
Hyundai Group
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