Hyundai Motor Co.’s investment in Hydrogenious LOHC Technologies GmbH in May 2020 is the beginning of a comprehensive cooperation between the two companies. The investment is connected with a joint technology and business development agreement for stationary and on-board LOHC-systems.

With the participation in Hydrogenious LOHC Technologies, Hyundai Motor Co. plans to deploy and market Liquid Organic Hydrogen Carrier (LOHC) technology. The joint marketing and business development activities will initially focus on South Korea. 

“We are committed to demonstrating the benefits of LOHC technology to both government and end users. Our goal is to establish LOHC as hydrogen vector within the broader South Korean ambitions of building a national hydrogen infrastructure,” said Yunseong Hwang, VP of Open Innovation Investment Group at Hyundai Motor Co.  

After an initial phase, both parties plan to extend the cooperation and to merge with Hyundai’s hydrogen activities in Europe.