BS Hanyang is accelerating the establishment of the hydrogen 'Myodo Eco Energy Hub' and will begin developing a value chain for clean energy projects following the LNG terminal, as announced on the 26th.
BS Hanyang is promoting a clean hydrogen production and supply project based on the LNG terminal at the 'Myodo Eco Energy Hub' in Yeosu, designated as a development special zone in Jeollanam-do last June. The LNG terminal serves as a source supply base for clean hydrogen production, stably supplying 3 million tons of LNG annually, and BS Hanyang plans to create a 'hydrogen cluster' that leads to hydrogen production, distribution, consumption, and carbon capture, utilization, and storage (CCUS) technologies.
The Myodo hydrogen cluster, jointly promoted by BS Hanyang, Jeollanam-do, and Yeosu City, includes an LNG terminal capable of storing and supplying LNG, the Myodo cogeneration plant as a demand site for clean hydrogen, a clean hydrogen production plant, and a liquefied CO₂ terminal that transports CO₂ captured during hydrogen production to landfills. To build essential infrastructure such as hydrogen production facilities and CO₂ terminals needed to produce up to approximately 100,000 tons of clean hydrogen annually, BS Hanyang is pursuing technological and investment collaboration with global hydrogen and carbon capture and storage corporations, while seeking policy support from the government and local authorities.
In the Myodo hydrogen cluster, the cold energy from the LNG terminal can be utilized during the liquefaction and storage process of carbon dioxide generated during hydrogen production, significantly reducing electricity consumption. This method serves as a fundamental model for liquefied CO₂ terminals being promoted both domestically and abroad, offering a differentiated competitive advantage in terms of expense, and has attracted considerable interest from global corporations. Myodo secured policy support by being designated as a hydrogen-specialized development special zone by the Ministry of Trade, Industry and Energy last June, leading to active investments by corporations.
The establishment of BS Hanyang's hydrogen cluster and the promotion of clean energy projects are further accelerated following the selection of the Myodo cogeneration project as a preferred negotiation target in the Ministry of Trade, Industry and Energy's capacity bidding last December. The cogeneration plant, which is currently undergoing review for final business rights acquisition, will adopt the latest high-efficiency power generation equipment, sized at 495 megawatts (MW), reducing fuel consumption as a high-efficiency clean power plant and will stably supply power and heat to the hydrogen cluster. By operating as a power plant that produces both heat and electricity with the latest high-efficiency power generation equipment, it plans to reduce fuel consumption and co-combust LNG with clean hydrogen as the main fuel.