Hyundai Oilbank announced on April 11 that it is building the first energy supply complex in South Korea where gasoline, diesel, LPG, hydrogen and electric vehicles can be refueled at the same time.
The multi-energy station is scheduled to be housed in a 5,000 m2-wide area between Hyundai Oilbank’s existing gas and LPG stations in Yeonam-dong, Ulsan City. At present, a hydrogen charging facility is under construction there. The multi-energy station is expected to be opened in June this year after talks for electric vehicle charger installation are wrapped up soon.
The South Korean government is planning to increase the numbers of electric and hydrogen vehicles in South Korea to at least 350,000 and 15,000 by 2022, respectively. However, infrastructure expansion is still slow. A total of 19 hydrogen charging stations are planned to be built by the end of this year but no less than five of them are located in Ulsan, which is regarded as much more active than the others in building charging infrastructure.
“We are going to build more multi-energy stations in major cities in view of demands and profitability,” Hyundai Oilbank explained, adding, “We are planning to work closely with local governments, automobile companies, and so on in doing so.”