Hyundai Motor Company has signed a Memorandum of Understanding (MOU) with Singapore’s Poh Tiong Choon Logistics Limited (PTC) to develop a hydrogen-based mobility ecosystem in Singapore. This collaboration is a significant step towards Singapore’s decarbonization and sustainability goals.
Key Details of the MOU
- Collaborative Efforts: Hyundai and PTC will combine their expertise, experience, and resources to establish a hydrogen ecosystem in Singapore, encompassing production, utilization, and development of commercial vehicles and business models.
- Alignment with National Strategy: The MOU aligns with Singapore’s national strategy to use hydrogen as a decarbonization pathway. It aims to leverage Hyundai’s global leadership in energy transition and PTC’s strong logistics network in Singapore.
Supporting Infrastructure and Goals
- Hyundai Motor Group Innovation Center: The recently opened Hyundai Motor Group Innovation Center Singapore (HMGICS) will function as an innovation lab supporting this initiative. The center aims to help Singapore achieve 50% hydrogen usage in power generation by 2050.
- PTC’s Role: PTC, with over 70 years of experience in Singapore, will play a crucial role in transitioning to eco-friendly logistics through hydrogen mobility.
Hyundai’s Global Hydrogen Initiatives
- Global Partnerships: Hyundai has been actively pursuing hydrogen-based mobility solutions globally. In October, Hyundai announced a similar MOU with the Korea Automotive Technology Institute, Air Products Qudra, and the Saudi Public Transport Company to develop a hydrogen ecosystem in Saudi Arabia.
Conclusion
This MOU between Hyundai and PTC marks a significant milestone in Singapore’s journey towards a sustainable future. It not only showcases Hyundai’s commitment to pioneering clean energy technologies but also positions Singapore at the forefront of adopting innovative and eco-friendly transportation solutions.
Also learn about Hyundai Unveils Advanced Robot-Powered EV Plant in Singapore.
