Press release
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december 12, 2023 - Hyundai
Hyundai Motor Signs Multilateral Agreement to Accelerate Global Hydrogen Ecosystem Development
Hyundai Motor Company has signed a memorandum of understanding (MOU) to promote the development of the global hydrogen ecosystem. The signing took place with South Korea’s Ministry of Environment, Korea Water Resources Corp., Global Green Growth Institute (GGGI) and SK E&S at the Dubai Expo during the COP28 World Climate Summit[1].
Signing ceremony attendees included Chul Youn Park, Head of Global Hydrogen Business in Hyundai Motor Company; Minister Wha-jin Han of the Ministry of Environment; and other participants from the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Korea Water Resources Corporation, Global Green Growth Institute (GGGI), and SK E&S.
The agreement aims to rapidly grow the global hydrogen ecosystem and respond more actively to climate change by sharing leading examples of hydrogen ecosystem development currently underway in Korea with the international community. To this end, Hyundai Motor and its Korean partners will provide case studies and consultation on hydrogen projects and GGGI will publish an evaluation report based on the case studies for international sharing.
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