【Haichuan Chemical Salary News Sharing】Is LNG about to fall behind? ! South Korea and Linde jointly build the world’s largest liquid hydrogen plant
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South Korean company Haesong and the Linde Group plan to invest 300 billion won by 2022 to establish an industrial chain for liquid hydrogen production, transportation, and refueling facilities. On April 28, Haishong and Linde signed a memorandum of understanding at Haishong’s headquarters; Haishong’s CEO and Linde’s CEO Song Baishi attended the meeting. It is reported that following its investment of 1 trillion won last year to develop carbon fiber technologies, Hyosung Group will now invest 300 billion won to build a liquid hydrogen plant covering an area of 30,000 square meters with an annual production capacity of 13,000 tons – enough to supply hydrogen for 100,000 hydrogen-powered vehicles. The project covers everything from liquid hydrogen production and transportation to the construction and operation of hydrogen refueling stations; it will be built at Lotte Chemical’s Yongyan plant in Ulsan, and will become the world’s largest single-site liquid hydrogen plant. Hyosung Group and Linde will establish a joint venture by the end of this year; construction will begin in the first quarter of next year, with the project completed by 2022.
The new plant will use hydrogen, a by-product from the Ryūgen plant, to produce liquid hydrogen utilizing equipment and technology from Linde Group – which is renowned for its technology in converting high-pressure hydrogen into liquid hydrogen. The two companies will invest in time to build liquid hydrogen supply infrastructure in order to establish the plants. The liquid hydrogen produced by this factory will be used in drones, ships, forklifts, and other vehicles. Under the agreement, Hyosung Group and Linde will also establish around 120 hydrogen refueling stations in key areas of South Korea, including 50 new installations and 70 expansions, to meet the demand for liquid hydrogen refueling.
Once completed, it is expected that the new facility will contribute to the growth of South Korea’s hydrogen vehicle market by increasing the supply of liquid hydrogen. The volumetric energy density of liquid hydrogen is about three times that of high-pressure gaseous hydrogen, and 1.8 times that of hydrogen at 70 MPa. This reduces the costs associated with storing and transporting hydrogen, and liquid hydrogen is also safer than high-pressure hydrogen. Furthermore, it only takes three minutes to fill with liquid hydrogen, compared to 12 minutes for high-pressure hydrogen, which will improve the efficiency of hydrogen refueling stations. As the hydrogenation time decreases, it is expected that the market for large hydrogen vehicles (such as trucks) that require large hydrogen fuel cells will grow.
Hydrogen liquefies at minus 253 degrees Celsius. Liquid hydrogen can shrink to 1/800 of its original volume in its gaseous state, making it easier to store and transport. A tank truck can carry 250 kilograms of gaseous hydrogen, while it can transport up to 3,500 kilograms of liquid hydrogen, which is 14 times more than what a tank truck can carry of gaseous hydrogen. Compared to gaseous hydrogen under high pressure, liquid hydrogen is considered safe because it is at low pressure. Globally, many organizations are developing hydrogen-centered sustainability and energy initiatives, including projects in Australia, Singapore, Germany, Chile, and Japan.
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The new plant will use hydrogen, a by-product from the Ryūgen plant, to produce liquid hydrogen utilizing equipment and technology from Linde Group – which is renowned for its technology in converting high-pressure hydrogen into liquid hydrogen. The two companies will invest in time to build liquid hydrogen supply infrastructure in order to establish the plants. The liquid hydrogen produced by this factory will be used in drones, ships, forklifts, and other vehicles. Under the agreement, Hyosung Group and Linde will also establish around 120 hydrogen refueling stations in key areas of South Korea, including 50 new installations and 70 expansions, to meet the demand for liquid hydrogen refueling.
Once completed, it is expected that the new facility will contribute to the growth of South Korea’s hydrogen vehicle market by increasing the supply of liquid hydrogen. The volumetric energy density of liquid hydrogen is about three times that of high-pressure gaseous hydrogen, and 1.8 times that of hydrogen at 70 MPa. This reduces the costs associated with storing and transporting hydrogen, and liquid hydrogen is also safer than high-pressure hydrogen. Furthermore, it only takes three minutes to fill with liquid hydrogen, compared to 12 minutes for high-pressure hydrogen, which will improve the efficiency of hydrogen refueling stations. As the hydrogenation time decreases, it is expected that the market for large hydrogen vehicles (such as trucks) that require large hydrogen fuel cells will grow.
Hydrogen liquefies at minus 253 degrees Celsius. Liquid hydrogen can shrink to 1/800 of its original volume in its gaseous state, making it easier to store and transport. A tank truck can carry 250 kilograms of gaseous hydrogen, while it can transport up to 3,500 kilograms of liquid hydrogen, which is 14 times more than what a tank truck can carry of gaseous hydrogen. Compared to gaseous hydrogen under high pressure, liquid hydrogen is considered safe because it is at low pressure. Globally, many organizations are developing hydrogen-centered sustainability and energy initiatives, including projects in Australia, Singapore, Germany, Chile, and Japan.
LNG or large-scale production cuts The ongoing low prices of crude oil have also affected the prices of liquefied natural gas (abbreviated as LNG). Currently, in the international natural gas market, price indices such as HH and NBP in Europe and the United States, as well as the Asian LNG spot delivery price index, are all experiencing declines to varying degrees. According to the trends in marginal profits for LNG calculated by the Oxford Institute for Energy Studies, in March 2020, the marginal profits from U.S. LNG exports to Asian and European markets turned negative, and this trend persisted until September 2020. From March to September 2020, the natural gas price at the Dutch TTF market will remain below $3 per million British thermal units, while during the same period the natural gas price at Argus Northeast Asia will stay in the range of $3–$3.5 per million British thermal units. Regarding the Asian LNG spot CIF price, as of April 23 it was around $1.938 per million British thermal units, having exceeded its historical lows for five consecutive trading days.
I’m thinking about a question: how much energy is required and how much pollution is generated in order to produce what are considered relatively cleaner forms of energy