Norwegian firm Nel ASA has entered the Korean hydrogen (H2) market through a new joint venture with Deokyang Co., Ltd, the country’s largest domestic supplier.
The alliance, called Nel-Deokyang Ltd., will exclusively sell and market Nel’s H2Station® H2 refuelling units throughout Korea as the North Pacific rim country accelerates its H2 economy.
The Korean government has committed to building a national H2 infrastructure, pledging to have 100 fuelling stations in operation by 2020 and 230 stations by 2025.
Nel’s H2 solutions cover the entire value chain from production technologies to fuelling stations, whilst Deokyang is Korea’s largest H2 supplier, producing approximately 190,000m3 per hour of H2 through its plants in Ulsan, Seosan and Kunsan.
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