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Hyundai Engineering Co. will build a 400 billion won plant in Dangjin that uses plastic wastes in producing high-purity clean hydrogen.
The plant will process 100,000 tons of plastic wastes annually to produce 22,000 tons of high-purity clean hydrogen through pyrolysis and gasification.
The hydrogen produced will be used as a raw material for hydrogen-electric vehicles, hydrogen-LNG co-firing power generation, hydrogen fuel cell power generation.
The plant is part of efforts to diversify its business towards eco-friendly energy production.
The company, a plant engineering affiliate of Hyundai Motor Group, expects to break ground in the first half of next year.
Full-scale commercial production is expected to begin in 2024.
Hyundai Engineering will collect and use most of the carbon dioxide generated during the process through a Metal-CO2 system that is now being tested at Hyundai Steel Co.’s Incheon plant.
