Umicore says that it will be expanding its production capacity for fuel cell catalysts in South Korea following the growth of Hyundai Motors Group and other automotive customers.
The company’s investment will involve the construction of a new production plant close to Umicore’s technology development centre near Seoul. The new plant will be commissioned towards the end of 2019 and is expected to be fully ramped up by the end of 2020.
Using platinum as a catalyst for generating electric power through conversion of hydrogen with oxygen is more than 100 years old, the company says. In the move to cleaner mobility, the application has gained importance for fuel cell drivetrains.
Today’s announcement underlines Umicore’s commitment to further strengthen its unique position in the technology portfolio and roadmap for clean mobility materials, being the only company worldwide offering at commercial scale the full spectrum of materials technologies to drive the transition to cleaner mobility,’ said Pascal Reymondet, EVP Catalyst.
This story is reprinted from material from Umicore, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
