[월간수소경제 박상우 기자] Hyundai Engineering and Korea East-West Power are promoting a project to produce and use hydrogen from recycled plastic.
Hyundai Engineering announced that it signed an MOU with Korea East-West Power at its headquarters on the 3rd for ‘cooperation in hydrogen production and hydrogen utilization linked projects through recycling plastic resources’.
The two companies △recycled plastic resource hydrogen production business △hydrogen-using fuel cell power generation business △generation fuel utilization business through hydrogen and ammonia △green hydrogen production business using wind power, geothermal power generation, solar power generation, and small nuclear power generation business △overseas green hydrogen, ammonia Cooperate with each other in business development and terminal construction.
Hyundai Engineering plans to produce hydrogen and supply it to Korea East-West Power through its new business, Recycling Plastic Resources. Korea East-West Power will prioritize the hydrogen fuel cell power generation project by utilizing the supplied hydrogen.
In July of last year, Hyundai Engineering signed a contract to move into an industrial complex with Dangjin-si, Chungcheongnam-do, and built 96,167m2 in Songsan 2 general industrial complex in Dangjin.2(29,090 pyeong) is ahead of the construction of a recycling plastic resource plant. Aiming for commercial production from 2026, it plans to produce 24,000 tons of hydrogen per year through 133,000 tons of recycled plastic by using melting and gasification processes.
In addition, Hyundai Engineering is carrying out various projects at home and abroad to secure recycling plastic resource technology and related facility construction capabilities.
In March of last year, the company received a basic design (FEED) order for the ‘Petrochemical Production Facility Using Recycled Plastic’ project ordered by the Encina Development Group of the United States, and is currently in progress.
This facility converts 450,000 tons of recycled plastic annually in Northumberland, Pennsylvania, through a chemical recycling process, into about 150,000 tons of benzene, toluene, and other petrochemical products used in the production of pharmaceuticals, synthetic resins, and packaging materials. It is an eco-friendly project to build.
In November of last year, it also won an EPC project for the ‘LG Chem E-Project’ ordered by LG Chem. This is a project to build facilities that produce high value-added petrochemical products using 25,000 tons of recycled plastic annually.