Woodside joins hydrogen consortium in Korea
Australia’s Woodside has joined a consortium that will construct and operate hydrogen refuelling stations to service public transport bus fleets in South Korea, it said on September 10.
The Australian company has joined South Korean state-owned gas company Kogas, Hydrogenic Energy Fund, Samsung C&T, Industrial Bank of Korea and Hyundai Rotem to form HyStation. The Korea Development Bank has agreed to provide some financing support for the newly established company.
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“By providing refuelling infrastructure, HyStation seeks to accelerate conversion of bus fleets from diesel to hydrogen, with hydrogen produced on-site through natural gas reforming,” Woodside said. “The investment in HyStation complements Woodside’s investment in HyNet, a consortium building hydrogen refuelling stations for passenger vehicles in South Korea.” HyNet is operating 16 hydrogen refuelling stations.
The HyStation parties anticipate their first hydrogen bus refuelling station could be operational by the end of 2022, Woodside added.