{"id":1667,"date":"2021-09-13T10:23:23","date_gmt":"2021-09-13T02:23:23","guid":{"rendered":"https:\/\/www.powerpartners-awi.com\/?p=1667"},"modified":"2024-01-12T03:12:11","modified_gmt":"2024-01-12T03:12:11","slug":"news-tycoons-unite-to-invest-krw-43t-by-2030-for-hydrogen-future","status":"publish","type":"post","link":"https:\/\/www.powerpartners-awi.com\/uat\/news-tycoons-unite-to-invest-krw-43t-by-2030-for-hydrogen-future\/","title":{"rendered":"NEWS: Tycoons Unite to Invest KRW 43T by 2030 for Hydrogen Future"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.powerpartners-awi.com\/wp-content\/uploads\/2021\/09\/0913-PPG-News_Image.jpg\" alt=\"PPG News Photo showing korea h2 summit\" class=\"aligncenter size-full wp-image-1661\" \/><\/p>\n<h3><strong>The Transformation of Hydrogen Council to Promote Hydrogen as A Sustainable Energy<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Fifteen leading companies in the hydrogen economy on Sept. 8 held the inaugural assembly of the <strong>Korea H2 Business Summit<\/strong> at the Korea International Exhibition Center in Goyang, Gyeonggi-do Province, with their top executives attending. This hydrogen council was initiated by Hyundai Motor, SK and Posco in March and gained momentum with 12 other conglomerates, including Lotte, Hanwha, GS, Hyundai Heavy Industries, Doosan, Hyosung, Kolon, Isu, Iljin, E1, Korea Zinc, and Samsung C&amp;T.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The objective is to boost corporate investments and grow the hydrogen industry\u2019s value chain, including production, transportation, energy storage, and usage.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The country\u2019s five most giant corporations \u2014 SK, Hyundai Motor, POSCO, Hanwha, and Hyosung \u2014 have already announced intentions to invest 43 trillion won ($37.1 billion) in a wide spectrum of hydrogen infrastructure 2030 to promote new growth drivers.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong><a href=\"https:\/\/www.powerpartners-awi.com\/solutions\/green-energy-solutions\/hydrogen-fuel-cells\/\" title=\"Know more about hydrogen\">Hydrogen<\/a><\/strong> is a greener alternative to fossil fuels because cars that operate on it only produce water to create electricity. Industrial facilities, notably petrochemical factories, can manufacture it as a by-product.<\/p>\n<p>&nbsp;<\/p>\n<p><em><strong>For full news article, read from <a href=\"https:\/\/www.koreatimes.co.kr\/www\/tech\/2021\/09\/515_315253.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" title=\"The Korea Times News Article\">The Korea Times<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Transformation of Hydrogen Council to Promote Hydrogen as A Sustainable Energy &nbsp; Fifteen leading companies in the hydrogen economy on Sept. 8 held the inaugural assembly of the Korea H2 Business Summit at the Korea International Exhibition Center in Goyang, Gyeonggi-do Province, with their top executives attending. This hydrogen council was initiated by Hyundai [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2026,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[81,85,95,117,156,157,13,158,15,28,34,35,56,57,58,62,72],"class_list":["post-1667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-zeroemission","tag-greenrevolution","tag-carbonfree","tag-renewable-energy","tag-hyundai-motor","tag-posco","tag-news","tag-sk","tag-engineering","tag-power-partners","tag-data-center","tag-investment","tag-energy-storage","tag-energy-systems","tag-hydrogen","tag-world-news","tag-business"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/posts\/1667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/comments?post=1667"}],"version-history":[{"count":4,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/posts\/1667\/revisions"}],"predecessor-version":[{"id":2336,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/posts\/1667\/revisions\/2336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/media\/2026"}],"wp:attachment":[{"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/media?parent=1667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/categories?post=1667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/tags?post=1667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}