Thursday, 9 August 2018

South Korea to Launch Major Fuel Cell Vehicle Initiative

Source: Ammonia Energy, 26th July 2018, by Stephen Crolius

Stephen Crolius reported, "(...) In a follow-up meeting held on June 25, according to a BusinessKorea article, the South Korean government and private-sector companies including Hyundai, diversified manufacturer Hyosung Heavy Industries, and SK Gas “will invest 190 billion won [USD$169 million] this year and 420 billion won [USD$374 million] next year.  By 2022, 2.6 trillion won [USD$2.3 billion] will be invested in hydrogen car production facilities, hydrogen bus production, hydrogen storage containers for buses, and stack plant expansion.” The goal will be to “stay ahead of the game in the global hydrogen car market.” The South Korean initiative will outstrip both Japan and California in financial support for FCV market development. (...)"

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