Major Korean conglomerates set up council for hydrogen economy

The Korea Times | Sep 8, 2021 at 3:19 AM
  • The heads of South Korea’s major conglomerates on Wednesday launched a business council to foster hydrogen as a clean energy source and expand its value chain.
  • The business leaders launched the Korean version of the Hydrogen Council ― a global coalition of CEOs committed to expediting the energy transition with hydrogen ― as part of industry-wide efforts to cut carbon emissions and capture a growing share of the emerging energy market.
  • SK Group, which has refinery-and-battery unit SK Innovation Co. under its wing, plans to invest 18.5 trillion won to establish facilities that can create up to 30,000 tons of hydrogen annually and expand the charging infrastructure.