Plastic Omnium wins a contract with Huyndai to supply hydrogen vessels

At this year’s IAA (Internationale Automobilausstellung), held for the first time in Munich from September 6 to 12, Plastic Omnium is announcing a number of innovations and events.

The company wins a major contract with Huyndai to supply high-end hydrogen vessels produced in Korea.

Hyundai has selected Plastic Omnium to equip its new Multi-Purpose Vehicle STARIA with hydrogen storage systems. This contract represents for Plastic Omnium a total volume of more than 30,000 units per year, from 2023.

Type IV 700- bar High-Pressure Vessels (HPV) will be developed with the support of Plastic Omnium’s teams in Europe and China and produced in the company’s plant in Gyeong-Ju, Korea.

Hyundai’s Multi-Purpose Vehicle (MPV) STARIA.

With an initial investment of €30m, the plant will host a new hydrogen vessels production line to support the company’s development in Korean market.

“We are proud that Hyundai has entrusted Plastic Omnium to support its commitment to zero emission mobility. This major award underlines the Group's technological leadership in hydrogen technologies, as well as its industrial capabilities to produce and deliver high-end Hydrogen vessels and systems, worldwide,” says Christian Kopp, President and CEO of Plastic Omnium Clean Energy Systems.

Plastic Omnium's solution, which offers a thin hydrogen storage system, can be housed in the vehicle's floor architecture. This system gives carmakers the flexibility to integrate, on one single architecture, either battery or hydrogen storage modules.

Plastic Omnium achieved 5% of its 2020 revenue from electrified vehicle contracts and aims to increase this figure to 17% by 2025.