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Hydrogen company Approtium exports carbon dioxide to Marubeni, Japan
Hydrogen company Approtium exports carbon dioxide to Marubeni, JapanBy-product of hydrogen production, 450 tons of carbon dioxide will be liquefied per day and shipped to Japan. Korea's largest hydrogen company, Approtium Co., Ltd. (formerly Deokyang), exports industrial carbon dioxide to Marubeni, a Japanese general trading company.Japanese media reported on the 12th (local time) that Marubeni plans to import industrial carbon dioxide from Approtium, saying Approtium and Marubeni have signed a memorandum of understanding (MOU) for exclusive negotiations.Approtium plans to expand its hydrogen production capacity by 2024, generating 450 tons of carbon dioxide a day as a byproduct. It is reported that some of them are planned to be liquefied and shipped to Japan. To this end, Marubeni is considering building high-pressure gas tankers, preparing loading facilities and tanks, and aims to transport 50,000 tons of liquefied carbon dioxide annually.Marubeni did not specify the exact use of carbon dioxide to be imported, but carbon dioxide is usually used for industrial purposes such as raw materials for dry ice and soda production and antioxidants for welding.Approtium, which will export carbon dioxide, is the largest hydrogen company in Korea, and recently changed its name from Deokyang to Approtium and was established in the early 1960s and boasts a 60-year history.It has led the hydrogen industry by having about 60km of piping network and about 250 tube trailers nationwide and providing customers with hydrogen and additional carbon dioxide.
23.01.12 -
Ulsan City Council’s move to take care of the main industry
Ulsan City Council’s move to take care of the main industryHyundae Motor’s visit to the hydrogen car plantA tour of facilities such as production linesAn industrial development ordinanceSupport for the establishment of new factories on the regionHigh-tech investment zones can be designatedUlsan City Council (Chairman Kim Ki-hwan) is drawing attention as it creates its own support ordinance for major industries to create a business-friendly environment, and focuses on finding hydrogen and electric vehicle production sites in areas that are the core of future industries.First of all, the city council's industrial construction committee (Chairman Moon Seok-joo) visited the Hyundai Motor hydrogen car plant in Ulsan on the 22nd to tour industrial facilities such as production lines and to tour the site of Korea's first electric vehicle production plant.After hearing the explanation of the company's status and hydrogen production facilities, the committee members stressed, "Hydrogen is in the spotlight as a clean energy source due to the strengthening of global carbon neutrality, and securing competitiveness in the hydrogen industry through hydrogen use and transition to the hydrogen economy is paramount."The committee members then visited Hyundai Motor's Ulsan plant and listened to explanations on the current status of the plant and toured the production line of the hydrogen car plant and the site of the plant exclusively for electric vehicle production.The construction committee members said, "The hydrogen car market has tremendous potential for development, so please establish yourself as a leader in the global hydrogen car market by releasing new car models and sharing original technologies with suppliers."They also said, "The Hyundai Motor's electric vehicle plant, which aims to be completed in 2025, is expected to not only pave the way for Ulsan to take a leap forward as a leading city in the future new growth industry, but also contribute to revitalizing the local economy and creating jobs."Chairman Moon Seok-joo said, "These companies have grown into global companies with Ulsan citizens, and the city council will continue to pay attention and support to continue sustainable growth."Meanwhile, Hyundai Motor's Ulsan electric vehicle plant will spend a total of 2 trillion won to start construction in 2023 and complete construction in 2025 on the site of the driving test site in Hyundai Motor's Ulsan plant.In addition, it is the first time in 29 years that Hyundai Motor has built a new automobile plant in Korea since the construction of the Asan plant in 1996.chi-rak Jung, chairman of the council's steering committee, proposed the Ulsan Automobile Industry Promotion and Support Ordinance to create a business-friendly environment and ultimately revitalize the local economy.In this ordinance, the mayor of Ulsan was required to prepare necessary policies and provide administrative and financial support to continuously grow and develop the automobile industry and strengthen its competitiveness.In addition, in order to foster the automobile industry, the city allowed the area within Ulsan City to be designated as a high-tech investment district under Article 22-6 of the Industrial Cluster Revitalization and Factory Establishment Act.In particular, Ulsan City also included support for companies that establish or expand factories related to the automobile industry in the jurisdiction under the Ulsan City Ordinance on Corporate and Investment Attraction.In addition, Ulsan City will be able to contribute, assist, and finance promising companies and research institutes related to the automobile industry △ Establish clusters such as automobile integration complexes, research institutes, and production facilities △ Securing technical personnel, fostering start-ups, expanding production support, and testing and certification projects.
22.12.12 -
Approtium to build a Hydrogen Rotary Engine Power Generation System
Approtium to build a Hydrogen Rotary Engine Power Generation SystemBusiness agreement with TP, LML Korea, and LuxcoJoint effort to promote old development, demonstration, and disseminationUlsan, the largest hydrogen production and utilization area in Korea, will challenge a new area called "hydrogen rotary engine" with a plan to utilize hydrogen without using fuel cells.Approtium Co., Ltd., Korea’s largest hydrogen company, announced on the 21st that it recently signed an agreementwith Ulsan Techno Park, LEL Korea Co., Ltd., and Luxco on mutual business cooperation to promote research and development, demonstration and distribution of hydrogen rotary engines and power. Ulsan Technopark signed a business agreement to stably supply hydrogen from Approtium, the largest hydrogen company in Korea and a local company in Ulsan, and to test the system that develops into rotary engine performance and high-speed rotation.LML Korea Co., Ltd. is a Gyeonggi-do company and has discussed power generation projects and production with Luxco Co., Ltd. in Ulsan to demonstrate the rotary engine jointly developed with Germany's VANKEL Co.The purpose of the agreement is to establish a hydrogen rotary engine power generation system using hydrogen resources and to distribute small and medium-sized eco-friendly power generation systems to solve the imbalance of power supply and demand and respond to RE100 through eco-friendly electricity production.Until now, hydrogen utilization has been mainly used to produce power and heat using hydrogen fuel cells or to apply it to mobility using hydrogen fuel cells.However, if hydrogen is applied to the rotary engine, high-speed rotation can be obtained and power can be generated or immediately powered by its rotational power, drawing attention as a new way for mobility and power generation businesses.This agreement aims to establish an efficient energy conversion system through the development of engines and power generation systems using △ hydrogen, contribute to the development of the hydrogen economy with abundant blue hydrogen and green hydrogen in △ Ulsan, and form a value chain for the hydrogen industry that can be produced in Ulsan through innovation and high-efficiency hydrogen engine development.In addition, through the development of various hydrogen rotary engines in the future, it will be used as various power sources such as drones, UAM, APU, and ships necessary for the fourth industry to contribute to the development of the national economy and creation of new jobs.Jung sang Kim, vice president of APROTIUM, said, "The use of hydrogen can spread not only to fuel cells, but also to rotary engines, large-scale mixed power generation, and mobility, so we can find the driving force for new industries as well as the hydrogen industry."
22.12.12 -
Approtium agreement to supply clean ammonia with U.S. Tallgrass
Approtium agreement to supply clean ammonia with U.S. TallgrassU.S. energy company Toallgrass imports 800,000tons annually from 2027Utilization of clean energy support for power generationApprotium, South Korea's largest hydrogen manufacturer, will receive 800,000 tons of clean ammonia every year from Tallgrass, a U.S. energy company, from 2027.Approtium new name of Ulsan-based Deokyang, and it is preparing for a new leap into a global company as it was acquired by a fund operated by Macquarie Asset Management in December last year.James Kim, CEO of Approtium (formely Deokyang), the nation’s largest hydrogen manufacturer,recently announced on the 27th that he agreed to supply 800,000 tons of clean ammonia per year from 2027in cooperation with Tallgrass (CEO Damon Daniels) Tallgrass is a company headquartered in Leewood, Kansas, USA, and supplies clean energy through carbon dioxide capture and its own piping network. James Kim, CEO of Approtium (right in the picture) and Damon Daniels, chief operating officer of Tallgrass, recently held a cooperative ceremony in Houston, USA, and agreed to supply 800,000 tons of clean ammonia every year from 2027.The ammonia supplied by Tallgrass can be used as a clean energy source by capturing 95% of carbon in the production and transportation processes.Imported clean ammonia is used by directly mixing ammonia with domestic coal power plants, or ammonia is supplied to LNG power plants by cracking (separation of hydrogen and nitrogen using heat and catalyst).The company expected the cooperation to replace the shortage of clean energy production in Korea through its role as a necessary clean energy source for power generation in the future and increased imports in the future.APPROTIUM is actively promoting clean hydrogen in Korea by signing an agreement with POSCO Group to produce 40,000 tons of clean hydrogen annually.
22.12.12 -
A vision declaration ceremony for global
Deokyang will come to the Approtium, Taking a new step toward a global leap forward by declaring a vision.Deokyang Co., Ltd will hold the Approtium Vision Declaring at Headquarters in Ulsan on September 14th, Accelerate global management and ESG management.Deokyang, who became a member of Macquarie last year, Finished PMI work and declare a new mission and vision.An official from Deokyang said that Approtium is a compound word of Apply and Protium, And supports safe and stable hydrogen supply to the upcoming hydrogen society. It is said that contains the meaning of resolutely fulfilling that role.Vision Declaring Ceremony Approtium Co., Ltd.Deokyang, the largest hydrogen company in Korea with a 60years history, started as a gas business called Ulsan Oxygen in the early 1960s, it is growing into a company specializing in hydrogen and carbonic acid by expanding its business in Ulsan (plants 1,2, and 3) and Seosan. (plant4) Through a pipe network of approximately 60km and an infrastructure of 250 tube trailers, to provide customers with hydrogen and additionally produced carbonic acid, it has also been leading the low-carbon hydrogen industry.At this Approtium Vision Declaration Ceremony, Ulsan City, customer companies, and executives and staff participated to reveal new visions and goals to be reborn as a future clean energy company.Deokyang is expanding from the existing byproduct hydrogen and gray hydrogen to blue hydrogen and is establishing a strategy to develop into a green hydrogen business.It is known that the CCUS business as well as overseas blue ammonia imports are being considered for continuous carbon neutrality.James Kim, CEO of this event, Strengthen solidarity as one team internally, Establishing and maintaining lasting relationships with all stakeholders, He said that in the future, it will become a company that stably introduces and supplies blue hydrogen and green hydrogen in Korea.
22.10.27 -
Posco Holdings, E&C sign MOU with Approtium to produce clean energy
Posco Holdings, E&C sign MOU with Approtium to produce clean energy From left, Kim Min-cheol, head of Posco E&C's plant business division,Cho Ju-ik, head of Posco Holdings' hydrogen business division and Approtium CEO James Kimtake a photo after signing an MOU to cooperate on blue hydrogen production Wednesdayat Posco's Gangnam building in southern Seoul. [POSCO HOLDINGS]Posco Holdings and Posco E&C signed a memorandum of understanding (MOU) with Approtium, an Ulsan-based hydrogen producer, to cooperate on the production of clean energy. Under the agreement, the three companies will invest a total of 200 billion won ($140 million) through 2026 to build a facility to produce 40,000 tons of blue hydrogen. Blue hydrogen is made from natural gas and generates carbon dioxide in the production process. It is comparatively eco-friendly because the emitted carbon dioxide is captured and recycled.The companies will also build carbon capture, and utilization infrastructure in the greater Seoul area, to capture and store carbon dioxide produced during the hydrogen-making process and recycle it into industrial materials such as ingredients for making process gas for semiconductor plants and dry ice. Posco Holdings will be in charge of producing the hydrogen and marketing it, while Posco E&C will be responsible for designing the production facilities. Approtium will support managing the facilities and condensing the captured carbon dioxide. Approtium controls around 40 percent of the local industrial gas market. It also specializes in condensing and selling carbon dioxide. The details about the location of the facilities will be announced next year. The three companies signed the agreement Wednesday at Posco's Gangnam building in southern Seoul, with Cho Ju-ik, head of Posco Holdings' hydrogen business division, Kim Min-cheol, head of Posco E&C's plant business division and Approtium CEO James Kim, in attendance. BY SARAH CHEA [chea.sarah@joongang.co.kr][Original Link]Posco Holdings, E&C sign MOU with Approtium to produce clean energy (joins.com)
22.10.13
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