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    Kogas plans to supply 380,000 mt/yr of hydrogen by 2030

Summary

The company expects to achieve an operating profit of 3 trillion won ($2.5bn) in 2030 based on its new hydrogen-related businesses.

by: Shardul Sharma

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Kogas plans to supply 380,000 mt/yr of hydrogen by 2030

State-owned Korea Gas Corp. (Kogas) is aiming to supply 830,000 metric tons/year of hydrogen by 2030, it said on September 27 in a statement.

The company is looking to import hydrogen from Australia and southeast Asia and plans to build 152 hydrogen charging stations by 2030. Recently, it signed a memorandum of understanding with SsangYong Engineering and Construction to establish an LNG base using its boil-off gas fuel cell business in Pyeongtaek, Gyeonggi Province. Kogas will convert this base into the first "carbon-neutral hydrogen mega-station" in Korea. 

Earlier this month, Kogas signed an agreement with Siemens Energy to collaborate closely across all areas of hydrogen business to pursue the production of green hydrogen and its use in power generation. This includes a demonstration project for large-scale domestic green hydrogen production and supply; hydrogen turbine power generation; joint research for overseas green hydrogen production and transport strategies; and technological development to secure competitiveness in the hydrogen business.  

The company expects to achieve an operating profit of 3 trillion won ($2.5bn) in 2030 based on its new hydrogen-related businesses.