Air Liquide and Lotte Chemical have a strategic alliance to develop a hydrogen supply chain in South Korea

Paris – (Business Wire) – Regulatory News:

Air Liquide (Paris: AI):

Air Liquide Korea and South Korea’s leading player Lotte Chemical have set up a joint venture to develop a hydrogen supply chain for the South Korean mobility market. Through a joint venture, the two companies will invest in a new generation of large-scale hydrogen regulation centers in Daesan-eup and Ulsan. They look forward to significant synergies and developments that will contribute to the emergence of South Korea’s hydrogen economy.

Air Liquide is co-investing in a new generation of large hydrogen regulation centers in South Korea in collaboration with Lotte, one of South Korea’s largest groups.The first two sites Strategically located in the industrial basins of Daesan-eup and Ulsan, providing services to densely populated areas The Seoul metropolitan area and Gyeongsang province in the northwest, and the Ulsan / Daegu / Busan metropolitan area and Gyeongsang province in the southeast.

The strengths of the two groups are complementary. Liquid air It provides expertise in the design, manufacture and operation of key hydrogen technologies, especially hydrogen conditioning and distribution, and hydrogen distribution stations. In addition, access to large amounts of hydrogen Lotte Chemical It is located in Korea’s major industrial basins of Daeshan and Ulsan. These sites house packaging platforms and charging stations, and are strategically deployed to meet the hydrogen demand of Lotte Group’s truck fleet in particular. Air Liquide Korea and Lotte Chemical will invest 60% and 40% in this joint venture, respectively.

South Korea is at the forefront of developing a hydrogen economy and clean mobility, The country is implementing through the “Hydrogen Economy Roadmap”. Hydrogen demand for South Korea’s mobility is expected to reach 100 tonnes per day by 2025 and more than 1,000 tonnes per day by 2030.

François AbrialA member of the Air Liquide Group Executive Committee, overseeing the Asia Pacific region, Said : “” We are pleased to join forces to accelerate the development of South Korea’s hydrogen sector and enter into this strategic alliance with major industrial player Lotte Chemical. Air Liquide is committed to actively contributing and investing in the distribution and development of specific applications for the entire hydrogen chain from manufacturing to storage, as well as for end-use applications. Air Liquide aims to actively contribute to the emergence of a low-carbon society in line with the Sustainable Development Goals, including carbon neutrality by 2050. »»

Air Liquide is a world leader in gas, technology and services for industry and health. The group employs 66,400 people in 75 countries and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are small molecules essential for life, matter and energy. They embody the scientific realm of Air Liquide and have been at the heart of the Group’s business since its inception in 1902.

Acting now while preparing for the future is central to Air Liquide’s strategy. With the ADVANCE Strategic Plan for 2025, Air Liquide is on the path to global performance by combining financial and non-financial aspects. Located in the future market, the Group benefits from strong assets such as economic models, innovation capabilities and technical expertise that combine resilience and robustness. The Group develops solutions that favor climate and energy transitions, using hydrogen in particular to advance advances in the areas of health, digital and high tech.

Air Liquide’s 2021 sales exceeded € 23 billion. Air Liquide is listed on the Euronext Paris Stock Exchange (Compartment A) and belongs to CAC 40, CAC 40 ESG, EURO STOXX Index 50 and FTSE 4 Good.

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