9 market leaders consisting of Hyundai Motor Group indication landmark hydrogen MOU to drive Hong Kong’s green economy (with pictures)
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At the International Hydrogen Development Symposium 2026 today (May 18), 9 pioneering business from Korea, the Chinese Mainland, France, and Hong Kong – consisting of Hyundai Motor Group – signed a landmark Memorandum of Understanding (MOU) on hydrogen community structure, marking a significant action towards advancing the city’s green economy.
This multi-party finalizing was officiated by Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Acting Secretary for Environment and Ecology, Miss Diane Wong; the Director of Electrical and Mechanical Services, Mr Poon Kwok-ying; and the Director-General of Investment Promotion of Invest Hong Kong (InvestHK), Ms Alpha Lau.
Led by Hyundai Motor Group, the MOU develops a collective structure to develop a detailed, self-reliant hydrogen community in Hong Kong, targeted to be totally functional by the end of 2030. The cooperation will prioritise the advancement of waste-to-hydrogen innovations to transform land fill gas into tidy energy, together with an instant concentrate on piloting a melted hydrogen refuelling facilities. To allow amount chain combination, it likewise targets the release of personalized hydrogen fuel cell business lorries, consisting of trip and airport shuttle.
Through helping with public-private collaborations and inter-governmental cooperation, InvestHK is supporting Hyundai Motor Group and its partners to execute go-to-market methods lined up with the shared vision for hydrogen community structure.
This collaboration will likewise place Hong Kong as a tactical base for Hyundai Motor Group’s hydrogen organization growth throughout the Asia-Pacific area.
Miss Wong stated, “This collaboration marks a significant milestone in developing tangible, on-the-ground hydrogen applications to accelerate the green transition towards carbon neutrality. By combining Korea’s world-class technological capabilities with Hong Kong’s strategic urban context, Hong Kong could serve as an exceptional international demonstration platform for showcasing green and low-carbon technologies. If these cutting-edge innovations could be applied and scaled up successfully here, it will serve as a positive model and provide highly viable options for reference by modern cities worldwide.”
Ms Lau stated, “Today’s multi-party signing is both a landmark moment for Hong Kong’s green economy and a clear signal that the city’s hydrogen ecosystem is gaining real traction. Over the past three years, InvestHK has helped leading hydrogen enterprises establish themselves in Hong Kong, several of which have since listed on the Hong Kong Stock Exchange, raising over $2.5 billion in total. For businesses with global green ambitions, Hong Kong is where business growth takes shape.”
Executive Vice President and Head of Energy & & Hydrogen Policy Sub-Division at Hyundai Motor Group, Mr Seung Kyu-shin, stated, “This MOU was signed as Hyundai Motor Group’s commitment to advancing Hong Kong’s proactive hydrogen policies and driving the acceleration of its hydrogen ecosystem utilising the Group’s hydrogen business capability and experience. Starting with Hong Kong, we look forward to expanding our collaboration and business opportunities across the broader Asia-Pacific hydrogen market.”
Partners participating in this MOU consist of Hyundai Motor Company and Hyundai Engineering & & Construction from Hyundai Motor Group, China Inspection Co Ltd, Chun Wo Bus Services Limited, Chun Wo Construction & & Engineering Company Limited, Jiangsu Guofu Hydrogen Energy Equipment Co Ltd, JEA ENG, Templewater Limited, the Hong Kong and China Gas Company Limited, and Veolia Hong Kong Holding Limited.
This multi-party, long-lasting cooperation is set to develop a robust, end-to-end hydrogen market chain – covering production, storage, transport, refuelling and utilisation.
New energy is essential to Hong Kong’s Climate Action Plan 2050 and the nationwide dual-carbon objectives. As set out in the Chief Executive’s 2025 Policy Address, Hong Kong will develop public hydrogen filling centers on Hong Kong Island and in Kowloon, press ahead with more hydrogen trial jobs, and establish the GBA Hydrogen Corridor in partnership with Guangdong Province. The Hong Kong Special Administrative Region Government is actively advancing hydrogen advancement through technological development, skill growing, community structure, and local co-ordination. To date, over 30 hydrogen trial jobs have actually been greenlit, leading the way not just for decarbonisation targets, however likewise for opening brand-new quality efficient forces for green financial development.