The South Korean government will provide 27.9 million tonnes of hydrogen per year as 100% clean hydrogen by 2050. It is expected to generate an economic effect of 1.319 trillion won and reduce by more than 200 million tonnes of greenhouse gases.
The government announced on November 26 that five programs, including the “1st basic hydrogen economy implementation plan”, were discussed during the 4th meeting of the hydrogen economy committee chaired by the Prime Minister Kim Boo-gyeom at the Lotte Hotel in Seoul.
The Hydrogen Economy Implementation Plan is the first legal plan related to the hydrogen industry. As part of this plan, the government will promote 15 tasks based on four major implementation strategies: leading domestic and global production of clean hydrogen, establishing optimized infrastructure, using hydrogen in daily life, and strengthening the hydrogen ecosystem.
Thanks to this, it plans to supply 27.9 million tonnes of hydrogen per year in the form of 100% clean hydrogen (green / blue hydrogen) and to increase the self-sufficiency rate to more than 60% by introducing clean foreign hydrogen produced by Korean technology and investment. as well as the expansion of national production.
According to the main implementation plans, the government plans to convert hydrogen production into a “clean hydrogen supply system”. By demonstrating the production of hydrogen by electrolysis of water linked to renewable energies, it will build a large-scale production base of green hydrogen and reduce production costs.
In addition, the government aims to produce 750,000 tonnes of clean blue hydrogen without carbon dioxide by 2030 and 2 million tonnes by 2050 by securing over 900 million tonnes of carbon storage by 2030 in accordance with the schedule for marketing carbon capture and storage. (CCS) such as the demonstration at the Donghae gas field site.
It will also promote global renewable energy and hydrogen production projects using domestic capital and technologies to secure more than 40 hydrogen supply chains by 2050.
For a stable hydrogen supply and demand, it will set up storage warehouses and international hydrogen exchanges. In addition, it will establish an international system of clean hydrogen certification and origin verification by working with hydrogen producing countries.
It will also build hydrogen ports near LNG and coal power plants and industrial complexes to secure infrastructure. The government plans to convert ships, vehicles and equipment in ports to hydrogen-based products, offering incentives such as fees for the use of port facilities and reduced rents.
It will build hydrogen pipelines around the main production and introduction bases, and consider using existing natural gas networks.
More than 2,000 hydrogen charging stations will also be secured by 2050. The government will expand converging hydrogen charging stations into service stations and LPG charging stations.
Hydrogen power generation such as ammonia mixed source electricity generation and LNG hydrogen mixed source electricity generation will also be marketed to promote the use of hydrogen in all areas. daily lives. The plan is to support this by introducing a mandatory clean hydrogen power generation (CHPS) system and boosting the supply of environmental energy.
It will also significantly improve the production capacity of hydrogen vehicles. By improving the performance of internal combustion engine vehicles, it will extend the use of hydrogen to various mobility services such as ships, drones and trams.
The government will also encourage the use of hydrogen as a fuel in the industrial sector, mainly in industrial complexes. It plans to gradually replace fuel and materials with hydrogen-based processes for industries with high greenhouse gas emissions such as steel, petrochemical and cement companies.
Each ministry will expand the scope of hydrogen technology development and also conduct integrated demonstrations. It also plans to strengthen cooperation between domestic and foreign companies by launching the “Global Hydrogen Association” to preventively establish safety standards and achieve global standards.
With these plans, the government predicts that hydrogen will account for 33% of energy consumption and 23.8% of electricity production by 2050. This means that hydrogen will exceed the proportion of use. of oil (49.3%) and will become the largest source of energy. by 2050.
The government also expects the plan to create economic effects of 1.319 trillion won and 567,000 jobs, and reduce greenhouse gases by more than 200 million tonnes.