Hyundai Engineering announces strategic roadmap for SMR reactors and hydrogen generation

South Korean company Hyundai Engineering is stepping up its activities in micro-reactors (SMR) and hydrogen generation. As a result, Hyundai hopes to lead the way in energy security and CO₂ emissions reduction. According to its strategic roadmap for nuclear reactors and engineering services in the energy sector, the company aims to expand its business to include small and micro modular reactors (SMR and MMR, respectively), hydrogen production, nuclear power plant decommissioning, and fissile material fuel production for nuclear power plants. Based on its capabilities in power plant design and manufacturing, Hyundai aims to become a major competitor in the modular reactor field. Pressure vessels and similar product categories associated with the production of hydrogen require approval through the Korea Gas Safety Corporation (KGS) to be distributed and used in Korea.

Hyundai Engineering plans to secure rights to engineer, procure and construct microreactors in Canada, the U.S. and Poland by 2029. In doing so, the company is applying its experience from the MMR project in Chalk River, Canada. It is also working on technical improvements for the production of hydrogen in large quantities under a high-temperature process. Regarding nuclear power plant decommissioning and fuel rod disposal, Hyundai plans to participate in the design of interim storage facilities for the disposal of nuclear waste from the microreactors. In addition, the strategy calls for securing additional rights overseas for pyrolysis and treatment of radioactive waste. According to the company, it is prepared for the decommissioning and dismantling of nuclear power plants in South Korea. Based on Hyundai’s experience with the OYSTER research reactor in the Netherlands, the company hopes to gain further participation in similar projects in South Africa and Bangladesh.

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Verena Numssen

About the author: Verena Numssen is managing director of MPR International GmbH

Publisher: MPR International GmbH

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