Hyundai Motor has announced a new partnership with the Commonwealth Scientific and Industrial Research Organization (CSIRO) and Fortescue Metal Group Ltd to co-develop new technologies for the extraction of hydrogen from ammonia.

According to local reports, South Korea’s leading automaker said it is planning to use metal membrane developed by CSIRO to extract hydrogen and deliver it in the form of liquid ammonia to global markets.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Hyundai aims to become a global leader in hydrogen fuel-cell electric vehicles (FCEVs), backed by the South Korean government which is looking to adopt hydrogen as the country’s main alternative fuel for automobiles.

Hyundai in 2018 announced plans to invest KRW7.6trn (US$6.4bn) in this segment, with a target to produce 500,000 FCEVs annually by 2030. So far it has sold 9,228 Nexo FCEVs, including 7,533 units in its home market and 1,695 overseas. It also began exporting heavy-duty FCEVs to Europe in July.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now