This main investment is just one particular much more stage in Hyundai’s prepare to go fully carbon-neutral, and the company strategies to start off get the job done on the new plant in the initially fifty percent of 2022, with hydrogen creation kicking off two 12 months later on in 2024. To offset any carbon dioxide made by the plant, Hyundai is acquiring a Metal-CO2 system to absorb hazardous emissions.

Hyundai’s like for hydrogen is absolutely sure to pay out off, as it is approximated that 18 % of the world’s strength need will arrive from hydrogen by 2050, and the industry value of that chunk will run in the trillions.