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Hyundai Motor installing LNG power plant for self-sufficiency in power for auto factories

                                                                                                                                         Hyundai Motor"s Ulsan factory. [Photo by MK DB]                                    

According to Pulse by Maeil Business News Korea,

Hyundai Motor will install a large-scale liquefied natural gas (LNG) power generator at its Ulsan plant to self-supply 70 percent of the power needed to run its main vehicle production base in Korea.

According to sources familiar with the matter, the carmaker is tapping opinions of residents with its outline on building a power plant in Ulsan complex.

The carmaker aims to build an LNG-fueled power plant with capacity of 184 MW, including 21.6 MW for emergency use, which is enough to cover 72 percent of annual power Ulsan factory lines use.

The cogeneration plant for electricity and heating will produce 100 tons of steam per hour. Hyundai plans to build the plant equipped with two gas turbines and one steam turbine immediately after it gains government’s environment-related clearance for operation from 2025.

The power generator within auto production base will be the company’s first and a rare move among automakers.

The endeavor is as apart of its goal to cut carbon emission as well as ensuring stable power security.

The government has been encouraging self-sufficiency in power sourcing by major manufacturers for state carbon goals.

The power plant addition also can add to the environment score for Hyundai Motor as LNG remains as a part of the green taxonomy.

By Lee Sae-ha and Jenny Lee

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (May 9, 2022)