Linde and Hyosung formed a joint venture.

Linde, an industrial gases and engineering company, and Hyosung, a Korean Industrial conglomerate, formed a joint venture to Develop Hydrogen Infrastructure in South Korea. Financial terms were not disclosed. "Hydrogen has emerged as a key enabler of the global energy transition to meet the decarbonization goals set out in the Paris Agreement. The South Korean government has set ambitious targets for hydrogen-powered fuel cell vehicles and the widespread, reliable availability of liquid hydrogen will be instrumental to achieving these targets. We are excited to partner with Hyosung to develop the hydrogen supply chain in South Korea," B.S. Sung, Linde President.