Nine industry leaders including Hyundai Motor Group sign landmark hydrogen MOU to drive Hong Kong's green economy (with photos)

HONG KONG SAR - Media OutReach Newswire - 22 May 2026 - At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding (MOU) on hydrogen ecosystem building, marking a major step toward advancing the city's green economy.

This multi-party signing was officiated by Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Acting Secretary for Environment and Ecology, Miss Diane Wong; the Director of Electrical and Mechanical Services, Mr Poon Kwok-ying; and the Director-General of Investment Promotion of Invest Hong Kong (InvestHK), Ms Alpha Lau.

Spearheaded by Hyundai Motor Group, the MOU establishes a collaborative framework to build a comprehensive, self-sustaining hydrogen ecosystem in Hong Kong, targeted to be fully operational by the end of 2030. The collaboration will prioritise the development of waste-to-hydrogen technologies to convert landfill gas into clean energy, along with an immediate focus on piloting a liquefied hydrogen refuelling infrastructure. To enable full value chain integration, it also targets the deployment of customised hydrogen fuel cell commercial vehicles, including tour and airport shuttle buses.

Through facilitating public-private partnerships and inter-governmental collaboration, InvestHK is supporting Hyundai Motor Group and its partners to implement go-to-market strategies aligned with the shared vision for hydrogen ecosystem building.

This partnership will also position Hong Kong as a strategic base for Hyundai Motor Group's hydrogen business expansion across the Asia-Pacific region.

Miss Wong said, "This collaboration marks a significant milestone in developing tangible, on-the-ground hydrogen applications to accelerate the green transition towards carbon neutrality. By combining Korea's world-class technological capabilities with Hong Kong's strategic urban context, Hong Kong could serve as an exceptional international demonstration platform for showcasing green and low-carbon technologies. If these cutting-edge innovations could be applied and scaled up successfully here, it will serve as a positive model and provide highly viable options for reference by modern cities worldwide."

Ms Lau said, "Today's multi-party signing is both a landmark moment for Hong Kong's green economy and a clear signal that the city's hydrogen ecosystem is gaining real traction. Over the past three years, InvestHK has helped leading hydrogen enterprises establish themselves in Hong Kong, several of which have since listed on the Hong Kong Stock Exchange, raising over $2.5 billion in total. For businesses with global green ambitions, Hong Kong is where business growth takes shape."

Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group, Mr Seung Kyu-shin, said, "This MOU was signed as Hyundai Motor Group's commitment to advancing Hong Kong's proactive hydrogen policies and driving the acceleration of its hydrogen ecosystem utilising the Group's hydrogen business capability and experience. Starting with Hong Kong, we look forward to expanding our collaboration and business opportunities across the broader Asia-Pacific hydrogen market."

Partners entering into this MOU include Hyundai Motor Company and Hyundai Engineering & Construction from Hyundai Motor Group, China Inspection Co Ltd, Chun Wo Bus Services Limited, Chun Wo Construction & Engineering Company Limited, Jiangsu Guofu Hydrogen Energy Equipment Co Ltd, JEA ENG, Templewater Limited, the Hong Kong and China Gas Company Limited, and Veolia Hong Kong Holding Limited.

This multi-party, long-term collaboration is set to establish a robust, end-to-end hydrogen industry chain - spanning production, storage, transportation, refuelling and utilisation.

New energy is vital to Hong Kong's Climate Action Plan 2050 and the national dual-carbon goals. As set out in the Chief Executive's 2025 Policy Address, Hong Kong will establish public hydrogen filling facilities on Hong Kong Island and in Kowloon, press ahead with more hydrogen trial projects, and develop the GBA Hydrogen Corridor in collaboration with Guangdong Province. The Hong Kong Special Administrative Region Government is actively advancing hydrogen development through technological innovation, talent cultivation, ecosystem building, and regional co-ordination. To date, over 30 hydrogen trial projects have been greenlit, paving the way not only for decarbonisation targets, but also for unlocking new quality productive forces for green economic growth.
Hashtag: #InvestHK

The issuer is solely responsible for the content of this announcement.

About InvestHK

Invest Hong Kong (InvestHK) is the investment promotion agency of the Government of the Hong Kong Special Administrative Region (HKSAR).

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At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city's green economy. Photo shows the Acting Secretary for Environment and Ecology, Miss Diane Wong, delivering a speech.

At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city's green economy. Photo shows Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung (back row, second right); the Acting Secretary for Environment and Ecology, Miss Diane Wong (back row, second left); the Director of Electrical and Mechanical Services, Mr Poon Kwok-ying (back row, first left); and the Director-General of Investment Promotion of Invest Hong Kong, Ms Alpha Lau (back row, first right), witnessing the signing.

At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city's green economy. Photo shows the Director-General of Investment Promotion of Invest Hong Kong, Ms Alpha Lau, delivering a speech.

At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city's green economy. Photo shows (from left) Senior Vice President (Sustainability) for Technology, Innovation and Entrepreneurship of Invest Hong Kong (InvestHK), Ms Olivia To; the Director-General of Investment Promotion of InvestHK, Ms Alpha Lau; Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group, Mr Seung Kyu-shin; Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Global Head of Financial Services, Fintech & Sustainability of InvestHK, Mr King Leung; and Senior Vice President, Transport, Logistics and Industrials of InvestHK, Ms Bonnie Ho, at the symposium.

BANGKOK, THAILAND - Media OutReach Newswire - 22 May 2026 - Thai Cement Manufacturers Association (TCMA) marked a significant national milestone in advancing the decarbonization of Thailand's cement and concrete industry toward Net Zero 2050. This progress is driven by strong collaboration among government agencies, industry players, and international partners under the "Decarbonization of the Cement and Concrete Sectors in Thailand" project, while accelerating the adoption of technology, innovation, and green investment to enhance competitiveness and support long-term economic growth.

Dr. Chana Poomee, Honourary Chairman of TCMA and President of ASEAN Federation of Cement Manufacturers (AFCM), stated that today's "National Milestone" reflects the power of collaboration at both national and international levels. The initiative is led by the United Nations Industrial Development Organization (UNIDO), in partnership with TCMA and key Thai government agencies, including the Department of Climate Change and Environment and the Department of Industrial Works, with financial support of CAD 8 million from the Government of Canada through Environment and Climate Change Canada (ECCC), to accelerate tangible greenhouse gas reductions in the cement and concrete sector.

TCMA, as the industry representative, serves as a central platform connecting stakeholders across the entire value chain, driving the implementation of the "Thailand 2050 Net Zero Cement and Concrete Roadmap." This aligns with Thailand's NDC 3.0 targets, strengthening industrial competitiveness, attracting green investment, and fostering sustainable economic growth.

"Decarbonization is not only a pressing challenge but also a strategic opportunity to enhance national competitiveness. The progress achieved under this project spans policy development, innovation, technology deployment, standards, and capacity building-key enablers that will accelerate the industry's transition toward Net Zero", Dr. Chana said.

A key technological advancement under the project is the introduction of the Mobile Carbon Capture Unit (MCCU) from CETRI, Canada. This advanced and flexible technology is designed for real-world industrial operations and will be piloted starting in June, rotating across cement plants of TCMA members in the SARABURI SANDBOX. The pilot aims to validate performance under diverse operational conditions and pave the way for large-scale industrial application.

"The deployment of MCCU in Thailand highlights the strength of international collaboration in bringing advanced technologies into real-world application. It accelerates learning-by-doing, validates technological performance, strengthens local technical capabilities, and reduces investment risks-laying a strong foundation for future scale-up",
Dr. Chana added.

From an investment perspective, the development of technology-ready and standards-aligned projects enhances investor confidence, increases the attractiveness of green investment, and improves access to sustainable finance-key drivers in accelerating the industry's transition to Net Zero.

TCMA continues to advance the industry under a "Collaborative Mindset-Action-Value," promoting the systematic adoption of low carbon technologies, including low carbon cement innovations such as Limestone Calcined Clay Cement (LC³), Carbon Capture, Utilization and Storage (CCUS). These solutions not only reduce emissions but also improve efficiency, lower long-term costs, and strengthen global competitiveness.

At the regional level, TCMA is expanding its role through AFCM by fostering collaboration and advancing the AFCM Decarbonization Roadmap, which serves as a shared framework to reduce carbon emissions across ASEAN's cement industry while enhancing regional technology, standards, and competitiveness.

"As President of the AFCM, TCMA is committed to driving ASEAN toward becoming a low carbon region by leveraging collaboration as a key mechanism to accelerate technology transfer, strengthen the industry capabilities, and unlock new regional economic opportunities",
Dr. Chana said.

TCMA reaffirmed its commitment to strengthening collaboration and welcoming international support in both technology and finance to accelerate the transition toward a low carbon industry, while enhancing Thailand's competitiveness on the global stage.

Hashtag: #TCMA #CementActionToNetZero #NetZero2050 #Decarbonization

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** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

TCMA Marks National Milestone, Driving Thailand’s Cement Industry toward Net Zero 2050