South Korean government’s ambitious goal to achieve 100% clean hydrogen by 2050 will prompt a supply of 27.9 million tons of clean hydrogen annually nationwide. Alongside the 27.9 million tons hydrogen supply, South Korea is aiming to reach a self-sufficiency rate of more than 60% by using Korean technology and investments to produce foreign clean hydrogen and ultimately scaling up domestic production. The main implementation framework entails government plans to develop clean hydrogen supply system from existing hydrogen production. By demonstrating the renewable energy driven water electrolysis hydrogen production, the government will establish a massive base for supporting large-scale clean hydrogen production with reduced production costs. Additionally, South Korea envisions production of 750,000 tons of clean blue hydrogen with zero carbon footprint by 2030 edging towards 2 million tons by 2050.

Source: Economic Times November 30, 2021 08:09 UTC