en.Wedoany.com Reported - U.S. decarbonization technology company Utility Global and Korean industrial manufacturing and project development company SAMJIN E&I have signed an engineering services agreement for the H2Gen project in Daejeon, South Korea, advancing the project from the front-end loading (FEL-1) stage through FEL-3 to the final investment decision (FID). The agreement is based on the strategic cooperation framework recently announced by both parties, positioning Utility Global to deliver its first commercial-scale plant in South Korea, marking a significant milestone in the global expansion of its first commercial low-carbon fuel project outside the United States. The H2Gen project is also the first in a series of projects Utility Global is actively developing in South Korea.
Daejeon is emerging as a key hydrogen hub, with ongoing investments in infrastructure and production to support sustainable energy and transportation decarbonization. Once operational, the H2Gen plant will produce 3.5 tons of fuel-cell-grade hydrogen per day, targeting the fueling of a hydrogen-powered tram fleet—the first such project in South Korea, with similar plans announced by several other cities. Under the engineering services agreement, the parties will complete the necessary front-end engineering and design (FEED), with the final investment decision (FID) targeted before June 2027.
Parker Meeks, CEO and President of Utility Global, stated that reaching this milestone reflects the process of turning clean energy ambitions into economically viable projects. By collaborating with SAMJIN E&I to advance the project through front-end engineering design, a critical step is being taken toward providing scalable, commercially viable hydrogen solutions for hard-to-abate sectors. He noted that South Korea's leadership in hydrogen innovation makes it an ideal market to demonstrate how localized H2Gen deployment can simultaneously support industrial and transportation transitions to clean fuels, energy resilience, and meaningful emissions reductions.
Ho Young Jeong, CEO of SAMJIN E&I, stated that this engineering services agreement marks significant progress from collaboration to execution. SAMJIN is pleased to partner with Utility Global and believes its H2Gen technology can support the development of South Korea's distributed hydrogen infrastructure. Its differentiated approach aligns with South Korea's rapidly growing hydrogen economy while focusing on practical and economical decarbonization across multiple sectors, including transportation.
Utility Global's proprietary H2Gen technology utilizes industrial waste gas and biogas to convert water into clean hydrogen and a high-purity carbon dioxide stream without the need for electricity. The process supports economical and scalable decarbonization by reducing the cost and complexity of carbon capture, utilization, or storage (CCUS). The modular system design of H2Gen enables seamless integration into existing industrial infrastructure and operations, making it suitable for small-footprint applications in industries such as steel, refining, petrochemicals, chemicals, transportation, low-carbon fuels, and distributed energy systems.
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