NEWS COMMENTARY

Hyundai Heavy Industries blueprints a vertically integrated hydrogen supply chain by 2030

Published:
April 09, 2021
Coverage:
Owning the Energy Transition More...
Activities:
Strategy
Average importance

Hyundai's shipbuilding holding subsidiary KSOE is tasked with building hydrogen-fueled vessels, hydrogen transport tankers, and offshore green hydrogen production plants, while Hyundai Oilbank will produce blue hydrogen from LNG supplied by Aramco. Downstream, Hyundai Electric & Energy Systems and Hyundai Construction Equipment will promote hydrogen fuel cells. Vertical integration will reduce transaction costs and expand the company's core competencies in hydrogen. Clients should explore vertical integration opportunities while also assessing potential external hydrogen suppliers, such as Chile and Saudi Arabia

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