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Energy

SK Group plans hydrogen complex in Hyundai production hub city

Joint project with Lotte Chemical in Ulsan to support 100 fueling stations nationwide

SK Gas will lead the project to build a hydrogen fuel manufacturing complex in Ulsan, South Korea. (Photo courtesy of SK Gas)

SEOUL -- South Korean conglomerate SK Group will build a hydrogen production complex in Ulsan, the manufacturing base for Hyundai Motor, looking to transform the city into a supply center for the green fuel.

Group company SK Gas leads the project in Ulsan and also plans to install 100 hydrogen fueling stations around South Korea by the end of the decade. SK Gas plans to spend 2.2 trillion won ($1.97 billion) over five years, and the hydrogen project is part of the investment.

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