Yahoo Autos Hyundai Nexo hydrogen technology could power the Ineos Grenadier 4x4
Hyundai has linked arms with chemical producer and 4x4 manufacturer Ineos to develop new ways to produce and distribute hydrogen. The tie-up also means some of the Nexo's technology could end up in the Grenadier.
On paper, the memorandum of understanding is a match made in heaven. Hyundai stands proud as one of the car industry's biggest supporters of hydrogen technology. Ineos currently produces 300,000 tons of hydrogen annually, largely as a byproduct of its chemical manufacturing operations. It also benefits from a tremendous amount of experience in storing and transporting hydrogen, and it recently launched a business unit tasked with developing and building the hydrogen-related infrastructure that Europe, like most regions, sorely lacks.
"The agreement between Ineos and Hyundai presents both companies with new opportunities to extend a leading role in the clean hydrogen economy," affirmed Peter Williams, the British company's technology director
