SK E&S has signed an MOU with Busan City Government, Ministry of Environment, Busan Port Authority, Hyundai Motors, Busan Techno Park, and Busan Metrobus Company Association to work together to create a hydrogen economy ecosystem aimed at assisting Busan’s effort to be elected as the host city of World Expo 2030. The MOU is aimed at aiding successful bidding of Busan to be the host city of World Expo 2030 by transforming Busan into an eco-friendly hydrogen leader with a hydrogen ecosystem such as hydrogen-based mobility, charging infrastructure and expert companies and human resources. The project intends to present “Carbon Neutral Expo” model based on hydrogen energy to promote green image of Busan as a hydrogen city to differentiate itself from other competitors. Under the MOU, the metropolitan city government and the parties agreed to turn a 1,000 diesel or CNG-based buses into hydrogen fuel basis. According to Busan City Government’s plan, about 322 inner-city and shuttle buses will first be replaced in 2023 with additional 402 and 285 to be converted in 2024 and 2025 respectively. The plan includes construction of ten charging stations in hub locations of the city to ensure a stable supply of hydrogen fuel. The signatories of the MOU have also agreed to build a hydrogen ecosystem in the city. They plan to discover promising candidate companies in the city and nurture them into ten hydrogen expert companies by providing support for their R&D activities and manpower development. In addition, Busan port, a global logistic hub, will become an “ecofriendly hydrogen seaport. The project includes building combined hydrogen (charging) station in the seaport as well as converting trucks, special equipment and vessels into a hydrogen-based mobility systems Under the MOU, SK E&S takes the responsibility of supplying liquified hydrogen, constructing charging infrastructure and contributing to activities for nurturing small businesses in order to create a hydrogen ecosystem and new jobs in the Busan Metropolitan City.