3.3 The Review of APAC Hydrogen Policy Landscape
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cells for power generation and buildings. By 2040, 5,26 million tons of hydrogen
should be produced annually. While the Vision document refers to an eco-friendly
and CO2-free supply system demand to be developed during the 2030s, there is
no explicit mention of renewable energy. In the Hydrogen Supply and Prices
section, water electrolysis is mentioned as a supply method, starting from 2022
and reaching 30% of the yearly total Korean hydrogen supply by 2040. The source
of electricity feeding the water electrolysis is not specified. The Promotion Plan
defines a transition production paradigm from “grey” hydrogen (mostly produced from petrochemical and oil refining processes) to “green” hydrogen mass
imported from overseas. The Hydrogen Supply chapter provides contradictory
statements. While the fossil fuel-based hydrogen extraction processes should be
replaced by water electrolysis using renewable energy and hydrogen produced
overseas, the same section mentions that Korea shall strive to become renewable
energy-based hydrogen producing country by 2030. The Hydrogen Supply section
mentions that hydrogen should be produced overseas using renewable energy and
brown coal by 2030. The strategy document defines the objectives and targets
for the development of the water electrolysis technology that would enable the
production and supply of CO 2 -free green hydrogen expending the use of renewable energy. The target is to develop a MW-class power-to-gas system by 2022
and a 100 MW-class by 2025 for commercialization purpose. The document does
mention a “complex link” between the production or renewable energy and the
production of hydrogen. While no quantifiable targets are provided, solar PV and
power-to-hydrogen distributed systems should be developed. The strategy defines
milestones for the development of the hydrogen supply from overseas. That includes the development of downstream technologies such as the infrastructure and
technology to accommodate the transportation of liquefied hydrogen in the form
of ammonia. Commercial and technical viability shall be demonstrated by 2025
and be fully operational by 2030.
The document identifies the Hydrogen Economy Promotion Committee as the
general policy and coordination institution. It is chaired by the Prime Minister
and Commissions are Ministers and private experts. An agency responsible for
the implementation of the Hydrogen Economy Roadmap of Korea will be created. KRW 200 million are invested between 2021 to 2030 for launching a cross
ministerial feasibility study for hydrogen. Further financial support is allocated
for the development of the fuel cell vehicles, the fuel cells for power application
and the downstream technologies.
South Korea aims at creating 420.000 jobs (75% in the automotive industry), KRW 43 trillion of GDP, 10,4 million TOE of hydrogen-derived energy,
27,28 million tons of GHG reduction and 55.949 GWh of power generation.
27
cells for power generation and buildings. By 2040, 5,26 million tons of hydrogen
should be produced annually. While the Vision document refers to an eco-friendly
and CO2-free supply system demand to be developed during the 2030s, there is
no explicit mention of renewable energy. In the Hydrogen Supply and Prices
section, water electrolysis is mentioned as a supply method, starting from 2022
and reaching 30% of the yearly total Korean hydrogen supply by 2040. The source
of electricity feeding the water electrolysis is not specified. The Promotion Plan
defines a transition production paradigm from “grey” hydrogen (mostly produced from petrochemical and oil refining processes) to “green” hydrogen mass
imported from overseas. The Hydrogen Supply chapter provides contradictory
statements. While the fossil fuel-based hydrogen extraction processes should be
replaced by water electrolysis using renewable energy and hydrogen produced
overseas, the same section mentions that Korea shall strive to become renewable
energy-based hydrogen producing country by 2030. The Hydrogen Supply section
mentions that hydrogen should be produced overseas using renewable energy and
brown coal by 2030. The strategy document defines the objectives and targets
for the development of the water electrolysis technology that would enable the
production and supply of CO 2 -free green hydrogen expending the use of renewable energy. The target is to develop a MW-class power-to-gas system by 2022
and a 100 MW-class by 2025 for commercialization purpose. The document does
mention a “complex link” between the production or renewable energy and the
production of hydrogen. While no quantifiable targets are provided, solar PV and
power-to-hydrogen distributed systems should be developed. The strategy defines
milestones for the development of the hydrogen supply from overseas. That includes the development of downstream technologies such as the infrastructure and
technology to accommodate the transportation of liquefied hydrogen in the form
of ammonia. Commercial and technical viability shall be demonstrated by 2025
and be fully operational by 2030.
The document identifies the Hydrogen Economy Promotion Committee as the
general policy and coordination institution. It is chaired by the Prime Minister
and Commissions are Ministers and private experts. An agency responsible for
the implementation of the Hydrogen Economy Roadmap of Korea will be created. KRW 200 million are invested between 2021 to 2030 for launching a cross
ministerial feasibility study for hydrogen. Further financial support is allocated
for the development of the fuel cell vehicles, the fuel cells for power application
and the downstream technologies.
South Korea aims at creating 420.000 jobs (75% in the automotive industry), KRW 43 trillion of GDP, 10,4 million TOE of hydrogen-derived energy,
27,28 million tons of GHG reduction and 55.949 GWh of power generation.