Daily Management Review

Hyundai and Ineos to collaborate on hydrogen vehicles


One of the world's largest chemical companies, Ineos, announced that it had signed a cooperation agreement with the South Korean car manufacturer Hyundai.

As part of the agreement, the parties will explore the possibility of supplying Hyundai fuel systems for the Ineos Grenadier off-road vehicle. The vehicle was originally designed with internal combustion engines and is due to enter the market in 2022. 

However, the UK government's plans to stop producing the car with diesel and petrol engines as soon as possible have spurred Ineos management to think about producing the model with a hydrogen engine. As a result, the choice fell on the Hyundai power units, which are already in use in the cars of the Korean group NEXO SUV, the world's first commercial car equipped with a hydrogen engine.

The parties intend to "jointly explore opportunities to produce and supply hydrogen and to introduce hydrogen-related technologies and products," the press release says. As part of the initiative, the companies are ready to support all kinds of public and private projects to develop the market for hydrogen-powered cars in Europe.

Toyota announced the sale of its first production car with a hydrogen engine in 2014, and in 2015 it promised to open up universal access to almost 6,000 patents relating to hydrogen engines.

source: theguardian.com