South Korea’s Doosan Corp. and Hanwha Energy Corp. will create the world’s first power generator of 50 megawatt fueled by byproduct hydrogen as energy source in Seosan, South Chungcheong Province, in joint venture, as the country seeks energy sources beyond the traditional nuclear and fossil fuels.
The 469 billion won ($415.7 million) project recently announced by the two companies will involve building a 50-megawatt byproduct hydrogen fuel cell power plant on a facility site managed by Hanwha Total Petrochemical Co. at Daesan Industrial Complex in Seosan, South Chungcheong Province, by 2020. The two companies will set up a special purpose company called Daesan Green Energy for the project with investment also from Korea East-West Power Corporation and SK Securities Co.
The power plant will be the world’s first of its kind using byproduct hydrogen as fuel, the companies accounced. Byproduct hydrogen fuel cell uses hydrogen created as byproduct in various chemical processes as energy source. Doosan will supply 114 fuel cell units and be responsible for long-term service once the plant is completed. Doosan developed byproduct hydrogen fuel cell units based on home-grown technology last year with plans to supply them to hydrogen power plants starting in the fourth quarter of this year.
Once completed in June 2020, the fuel cell power plant will be capable of producing 400,000 megawatthour electricity annually, which is enough to supply power to about 170,000 households in the Seosan area.
A spokesperson for Doosan said that the latest project is significant in that it is its largest in terms of power capacity since it advanced into fuel cell business. He added that it would also be an opportunity for Korea to gain a technological competitive edge over others and take the lead in the global byproduct hydrogen fuel cell market that is still in its early development stage.
Meanwhile, a spokesperson for Hanwha Energy, which will own a 49 percent share in Daesan Green Energy, also said that the construction of the latest hydrogen fuel cell power plant will allow it to contribute to expanding Korea’s renewable energy industry and boost the regional economy. It will also strive to launch other renewable energy projects based on its accumulated experience. (Source: KITA)

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The Genesis brand was up 7.4% year-on-year to 5,843. The G80 decreased by 10.6% to 3,618 units, while the EQ900 fell 28.8% to 992 units. The G70 sold 1,233 units leading the sales momentum.
down 24.0% from a year earlier, while G4 Rexton sold 1,541 units, up 410.3% along with 288 Korando Cs and 286 Korando Turismos.
program, which extends the warranty period to guarantee the used car values. Spark jumped 5.0% MoM to 2,518 units, and Cruise rose by 141.9% to 566 units. Captive delivered 138 units to customers, up 56.8% from February, while Orlando increased 20.0% to 438. However, Malibu dropped 21.7% to 909 units and Trax dropped 4.3% to 707 units. Damas and Labo sold only 285 and 351 units respectively. With more than 5,000 units pre-contracted, Bolt EVs started a full-scale delivery with the sales of 160 units in March.
Even in the advanced markets such as the USA and France, where there are no companies within the global top 10, Korean products have a good reputation for their cost-effectiveness and installation technology. Eastern Europe, India, Thailand, and Brazil are also emerging as new sources of demand despite relatively small market sizes at present, anticipating an annual growth of more than 20% by 2020. However, there is only a limited potential for entering into Japan and Germany where robotic technology for manufacturing is the most advanced.
Hwang Kwang-soo, Director- General of the Export Cooperation Department at KEPCO, attended the MOU signing and explained, “We hope that this project will improve the overall performance of electric power facilities in power stations in Cambodia by using high-quality Korean equipment. I also wish Cambodia and Korea have a long-lasting partnership.”
manganese and aluminum go into the material and can be manufactured using a conventional steelmaking process. In particular, medium manganese steel has an advantage of easily forming crystal grains of several hundred micrometers to several micrometers, which are important for super-plasticity.

