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2 clusters · 8 sources · 24 days · First seen · Last updated

Ulsan industrial and energy infrastructure development

Overview

Ulsan is expanding its industrial and energy infrastructure through significant investments in battery materials and renewable energy logistics.

HS Hyosung Energy Solution Korea, a joint venture with Belgium’s Umicore, has signed a memorandum of understanding with Ulsan City to invest 1.2 trillion won into silicon anode production. This multi-stage project aims to establish a mass production system in the Ulsan and Mipo National Industrial Complexes by 2030, with the first phase targeting an annual capacity of 5,000 tons by early 2028.

In parallel, the city is advancing offshore wind and maritime energy projects. Proposals include a 500MW floating offshore wind demonstration project to generate local revenue. Additionally, Ulsan has announced a 1.078 trillion won second phase for the Namshin Port energy hub, which seeks to transition the port into a Northeast Asian logistics center for hydrogen, ammonia, and methanol.

Entities

Ulsan Port · Saudi Arabian Oil Company · Ulsan City · Ulsan Techno Park · HS Hyosung

Timeline

  1. [BUSINESS] 3 sources
    Ulsan advances offshore wind and energy logistics hub projects

    Ulsan is pursuing large-scale energy initiatives, including a proposed 500MW floating offshore wind project and a 1.078 trillion won expansion of Namshin Port to handle hydrogen and ammonia.

  2. [BUSINESS] 6 sources
    HS Hyosung to invest 1.2 trillion won in Ulsan silicon anode production

    HS Hyosung Energy Solution Korea will invest 1.2 trillion won in Ulsan to build silicon anode material production facilities by 2030, targeting the next-generation electric vehicle battery market.

Sources

biz.heraldcorp.com · bjynews.com · energy-news.co.kr · newstomato.com · sateconomy.co.kr · seoul.co.kr · socialvalue.kr · zdnet.co.kr