PRESS
TECHCROSS WATER & ENERGY and ENVIRONMENTAL SERVICES Launches Green Hydrogen Business
2022-06-03
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■ TECHCROSS WATER & ENERGY and TECHCROSS ENVIRONMENTAL SERVICES, along with Jeollabuk-do, Buan-gun, Hyundai Engineering & Construction, and SYF, were selected for a public project for "construction of a hydrogen production base based on water electrolysis" on May 31, Tuesday. ■ TECHCROSS aims to
be a global leader in green hydrogen by combining water electrolysis system
technology with EPC-O&M capabilities.
TECHCROSS WATER & ENERGY and TECHCROSS ENVIRONMENTAL SERVICES(Kim
Jung-chul, CEO) are launching a business to establish a green hydrogen
production base.
TECHCROSS WATER & ENERGY and TECHCROSS ENVIRONMENTAL SERVICES,
which were finally selected by the Ministry of Trade, Industry, and Energy for
the 2022 'water electrolysis-based hydrogen production base construction'
contest project along with Jeollabuk-do, Buan-gun, Hyundai Engineering &
Construction, and SYF, signed an agreement on May 31, Tuesday, and began its
full-scale entry into the business of constructing green hydrogen production
bases.
The project, implemented to accelerate the government's transition into
a clean hydrogen supply system in order to achieve a carbon-neutral society by
2050, aims to build a water electrolysis-based hydrogen production base with
facilities for production, storage, and transportation capable of producing
more than one ton of hydrogen per day. The Buan Renewable Energy Complex will
house a green hydrogen production base equipped with water electrolysis and
shipping facilities.
The project will lay the groundwork for developing an industrial
ecosystem for the entire green hydrogen cycle, such as contributing to the
improvement of the atmospheric environment and carbon neutrality by supplying
inexpensive eco-friendly hydrogen to hydrogen refueling stations in the western
Jeollabuk-do as well as the Buan region.
TECHCROSS WATER & ENERGY and TECHCROSS
ENVIRONMENTAL SERVICES has gained the spotlight in the market as companies with
an optimized platform for hydrogen business based on environmental facility EPC
(engineering, procurement, and construction) and O&M (operation and
management) capability and water electrolysis system technology.
"The goal is to contribute to the establishment of a domestic
and overseas hydrogen ecosystem by primarily building a green hydrogen
production system and applying it to renewable energy complexes at home and
abroad, and by expanding various hydrogen business value chains," according
to a source from TECHCROSS WATER & ENERGY and TECHCROSS ENVIRONMENTAL
SERVICES. "We will strive to respond to the climate crisis and fulfill our
social responsibilities to achieve carbon neutrality by contributing to the
revitalization of the green hydrogen field," he stated.
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