This is according to Pulse News, with the news agency stating that Lotte will invest the finances to support its next growth engine in addition to battery materials by 2030.
The aim of this will see the company target earning 3 trillion won ($2.5bn) in sales and achieve a 10% operating margin as it looks to take a greater chunk of the hydrogen market.
Pulse news additionally state that Lotte will unveil its nationwide hydrogen business value chain by Q1 of 2022 and aim to build its hydrogen refuelling station network across the country by 2023.
You can find the original story here.
Making hydrogen happen
This March, H2 View will explore A Climate for Action and Investment in Europe in an immersive virtual event that features some of the leading stakeholders and influencers in hydrogen, including a Women in Green Hydrogen panel.
Confirmed speakers include the Hydrogen Europe, Clean Hydrogen Partnership, FiveT Hydrogen, Airbus, Nel, BMW, Michelin and more.
Further information on the event, agenda and confirmed speakers can be found here.
To book your ticket for €79, click here.