By Dieter Holger

 

Linde PLC finalized an agreement with Hyosung Corp. to build a large liquid-hydrogen site in Ulsan, South Korea, set to go online in 2023.

The industrial gas maker said Thursday that the plant, with a capacity of 30 tons a day, will create enough hydrogen to fuel 100,000 cars and cut 130,000 tons of carbon-dioxide tailpipe emissions a year.

Under the partnership, Linde said it will also help build, own and operate a nationwide network of hydrogen refueling stations.

The plant will support South Korea's ambition of net-zero greenhouse-gas emissions by 2050, Linde said.

"The South Korean government has set ambitious targets for hydrogen-powered fuel-cell vehicles and the widespread, reliable availability of liquid hydrogen will be instrumental to achieving these targets," B.S. Sung, president of Linde Korea, said in prepared remarks.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

(END) Dow Jones Newswires

February 04, 2021 05:37 ET (10:37 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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