Doosan Bobcat has successfully commercialized Korea’s first hydrogen forklift.Doosan Bobcat announced on Jan. 31 that they held a “First Hydrogen Forklift Rollout Ceremony” at their forklift factory in Incheon on Jan. 30.The shipped first hydrogen forklift from Doosan Bobcat is a 3-ton model equippe
Hyundai Motor Company today presented its vision for a hydrogen-powered, software-driven transformation beyond mobility applications at CES 2024. Under the theme ‘Ease every way,’ the company held its Media Day at the Mandalay Bay Convention Center in Las Vegas to highlight its future blueprint for
FuelCell Energy (CEO Jason Few), a global leading company in fuel cell technology innovation, in collaboration with Toyota Motor North America (TMNA, CEO Tetsuo Ogawa), officially announced the successful completion of the “Tri-gen System.”FuelCell Energy's 'Tri-gen' stands as the world's pioneering
As the hydrogen market is expected to expand as an eco-friendly energy industry, major countries are rushing to promote hydrogen utilization promotion policies.On Aug. 22, the Korea International Trade Association (KITA) released a report on policy research to boost the competitiveness of the Korean
SK Inc. has laid out an ambitious plan to invest 23 trillion won (US$17.82 billion) in eco-friendly initiatives by 2025, with a primary focus on “energy transition.” SK Group Chairman Chey Tae-won has shown keen interest in transforming SK’s business landscape from a petroleum-centric structure to o
The author is an analyst for Shinhan Securities. He can be reached at cgh815@shinhan.com -- Ed.Direct beneficiary of fuel cell industry growthExpansion of the fuel cell industry is directly leading to growth of the hydrogen tank industry, with the tanks playing a key role in hydrogen supply systems
Pernod Ricard Group announced that its premium vodka, ‘Absolut Vodka’ will move to a partially hydrogen energy-fired glass furnace as the first ever in the spirits industry to produce low-carbon glass bottles. This counts as a significant step towards carbon neutrality.The Absolut Company has signed
Hyundai Motor Group (HMG) will supply hydrogen fuel cell systems to FAUN Group, a German commercial vehicle manufacturer. This will mark the first time that HMG’s hydrogen fuel cell system is used for mass production of commercial vehicles by another automaker.HMG recently signed a contract with ENG
Major Japanese and German automakers such as Toyota and BMW are jumping into the hydrogen-powered vehicle market, which is dominated by Hyundai Motor Co.Toyota will introduce the second-generation model of the Mirai, a hydrogen car, to the Chinese market in December. It plans to use about 100 units
Doosan Enerbility announced on Nov. 14 that it aims to develop a 380MW fully hydrogen-powered turbine by 2027. The company intends to develop a turbine driven purely by hydrogen.Doosan Enerbility also plans to develop a combustor for the hydrogen turbine by 2026. The combustor is a core part of the
Hyundai Motor Group announced on July 19 that it signed a business agreement with Rolls-Royce, a British aircraft engine manufacturer, to bring all-electric propulsion and hydrogen fuel cell technology to the advanced air mobility (AAM) market.The partnership will leverage Rolls-Royce’s aviation and
The Ministry of Trade, Industry and Energy released a plan on clean hydrogen supply chain establishment and hydrogen industry promotion. The purpose is to build infrastructure based on R&D achievements and tax and financial supports.The plan includes technology development support from the governmen
The Ministry of Land, Infrastructure and Transport said on April 14 that 54,390 vehicles of 13 brands manufactured or imported by seven companies will be recalled for defects.The seven automakers are Ford Sales Service Korea, Hyundai Motor Co., Honda Korea, Tesla Korea, Jaguar Land Rover Korea, Volk
Korea Shipbuilding & Offshore Engineering (KSOE) of Hyundai Heavy Industries Group has joined hands with POSCO to develop hydrogen fuel tanks, an integral part of hydrogen ships.KSOE signed an MOU with POSCO, the Korea Research Institute of Ships and Ocean Engineering (KRISO) and Hylium Industries t
The number of patents held by Hyundai Motor Group’s three major affiliates at home and abroad is close to 50,000. The trio -- Hyundai Motor Co., Kia Corp. and Hyundai Mobis -- have been actively securing source technologies for future vehicles such as electric vehicles, autonomous vehicles, and hydr
Korea Shipbuilding & Offshore Engineering (KSOE) will build eight 16,000-TEU methanol-powered ships for Maersk, the world's largest shipping company. KSOE is the world’s first shipbuilder to build such a large methanol-powered ship.KSOE said on Aug. 24 that the order from Maersk is worth 1.64 tr
Hyundai Motor Co. announced on July 27 its plan to deploy the company’s latest hydrogen fuel cell electric heavy-duty trucks in California, for two publicly funded projects to improve the air quality in the region.The demo trucks that Hyundai will bring into the United States are developed based on
Lotte Group is set to expand investment in new growth engines, including hydrogen, batteries, and mobility, as part of its efforts to upgrade its business portfolio.The group held the Value Creation Meeting (VCM) on July 1 to discuss the direction of its strategies for the second half of the year. "
Lotte Chemical will transform its business structure into a hydrogen-oriented one. To this end, the company plans to invest 4.4 trillion won by 2030 to expand its business in all stages of the hydrogen value chains such as hydrogen production, transportation and utilization.Lotte Chemical announced
Doosan Heavy Industries & Construction (DHIC) is accelerating production of clean hydrogen such as blue hydrogen and green hydrogen.The company announced on May 3 that it will produce blue hydrogen at its hydrogen liquefaction plant, which is now under construction on the premise of its Changwon pla