Doosan Corporation celebrated the completion of the construction of its new 10,744-square-metre fuel cell production facility at the second General Industrial Complex, Iksan-si, North Jeolla Province.

The company invested approximately 40bn won ($36m) in building the facility. A fuel cell is an electrochemical device that converts hydrogen (H2) and oxygen (O2) into electricity and heat through a chemical reaction. Fuel cells are regarded as environmentally-friendly devices with high energy density resulting from their compact size, and high capacity utilisation rates.

The Iksan Factory is capable of producing 144 units of 440-kilowatt fuel cells per year, which adds up to an annual production capacity of 63MW, the highest in Korea. Combined with its fuel cell factory in the US state of Connecticut, the company will be able to respond more promptly to global demand.

The company has also established a stable supply and demand system by producing electrodes, another main fuel cell component that induces a catalyzed reaction of H2 and O2, in-house. Previously, the company depended on overseas suppliers to obtain electrodes.

By concentrating its continuous R&D efforts on the development of clean technology, the company plans to launch the production of fuel cells that use by-product H2 fuel and supply them to the Daesan Petrochemical Complex in South Chungcheong Province.

Hyunsoo Dong, President of Doosan Corporation, said, “With the completion of the construction of the Iksan Factory, we are in a better position to contribute to the growth of the renewable energy business and create jobs in Korea. By partnering with more than 80 domestic suppliers, the company also expects to benefit from the cost reduction and enhanced product competitiveness. Based on our experience and technology built in Korea, we plan to further expand to Europe, the Middle East and other new markets.”

The event was attended by more than 150 people, including Hyunghwan Joo, minister of Trade, Industry and Energy; lawmakers Baesook Cho and Wonwook Lee; Hajin Song, governor of North Jeolla Province; Hun-Yul Jeong, mayor of Iksan; the CEOs of Korea Electric Power Corporation (KEPCO) and other public-sector power companies; representatives of client companies; and Doosan Group Chairman Jeongwon Park and other Doosan Group officials.

The event was attended by more than 150 people, including Hyunghwan Joo, minister of Trade, Industry and Energy; lawmakers Baesook Cho and Wonwook Lee; Hajin Song, governor of North Jeolla Province; Hun-Yul Jeong, mayor of Iksan; the CEOs of Korea Electric Power Corporation (KEPCO) and other public-sector power companies; representatives of client companies; and Doosan Group Chairman Jeongwon Park and other Doosan Group officials.