Hyundai Motor Group, Hong Kong hydrogen project: 10 companies participating
Hyundai Motor Group 18 signed a multilateral memorandum of understanding in Hong Kong to build a hydrogen ecosystem. 10 companies, including Hyundai Motor and Hyundai Engineering & Construction, are participating.
Hyundai Motor Group is launching a project to build a hydrogen ecosystem in Hong Kong. The group said it signed a related memorandum of understanding at the International Hydrogen Development Symposium held at the Hong Kong Convention and Exhibition Centre on 18. 2026Hyundai Motor and Hyundai Engineering & Construction participated in the agreement.
The agreement is titled the Multilateral Memorandum of Understanding for the Development of a Hydrogen Ecosystem in Hong Kong. Korean companies 3, making a total of 10 companies participating. Participants include Hong Kong China Gas, Veolia, China Certification & Inspection Group, Guofu Hydrogen Energy, Temple Water, Chun Wo Construction and Chun Wo Bus.
The agreement was signed as part of a hydrogen cooperation agreement between South Korea’s Ministry of Land, Infrastructure and Transport and Hong Kong’s Electrical and Mechanical Services Department. Under government-level hydrogen cooperation, private companies continue discussions on projects. Hyundai Motor Group is pursuing projects in Hong Kong covering hydrogen production, refueling and use in transportation.
The key point is the introduction in Hong Kong of a resource-circulation hydrogen production model that makes low-carbon hydrogen using landfill gas (W2H). Landfill gas is gas produced during the process of burying waste in a landfill. The agreement covers using this gas to produce hydrogen.
Hong Kong is a city with limited available land. Taking these geographic conditions into account, the agreement addresses both hydrogen production and ways to use it. Hyundai Motor and Hyundai Engineering & Construction were named as Korean companies participating in the development of Hong Kong’s hydrogen ecosystem under the agreement.
Hyundai Motor Group sees the agreement as a starting point for its hydrogen business in Hong Kong. The participating companies are expected to divide roles across several areas, including hydrogen production, refueling facilities, hydrogen-powered mobility, construction, and certification. Specific business timelines and investment amounts have not been disclosed.