South Korea, the heiress of Hyundai Motor, will lead the global coalition to boost the hydrogen economy – Xinhua



[ad_1]

SEOUL, Jan. 24 (Xinhua) – The heir to Hyundai Motor Group, South Korea's largest automaker, will lead a global coalition to boost the hydrogen economy as part of fight against climate change.

Executive Vice President Chung Eui-sun will take the wheel of the Hydrogen Council, a global initiative of more than 50 energy, transportation and industry companies sharing a vision common hydrogen to promote the transition to clean energy, said the South Korean manufacturer in a statement Thursday.

Mr. Chung will join his outgoing co-chair, Benoit Potier, General Manager of Air Liquide, to lead the Hydrogen Council that was launched at the World Economic Forum in Davos in accelerate investments in the development and commercialization of the hydrogen and fuel cell sectors.

"Chung hopes to contribute to accelerating the establishment of a zero-emission hydrogen energy society that will address global climate challenges for future generations," said a spokesman. of the Hyundai Motor Group.

Chung's appointment comes just a week after the South Korean government set out a road map to promote a "hydrogen economy" as a new engine of growth.

As part of the roadmap, the government planned to use hydrogen as the main source of energy for energy production as well as cars, with the aim of bringing production cumulative hydrogen powered vehicles to 6.2 million by 2040.

In December, Hyundai unveiled a long-term roadmap to develop its hydrogen business, aiming to increase its annual production capacity of fuel cell systems to 700,000 units by 2030, which includes 500,000 units. for electric vehicles with fuel cells.

Hyundai 's fuel cell system, which combines hydrogen and oxygen from the air to produce electricity, is known to emit only 1. Water as a by-product and contribute to the purification of polluted air. The fuel cell system involves a fuel cell stack and relevant components.

[ad_2]
Source link