Technology major, Air Liquide, and Lotte Chemical have signed a joint venture agreement to scale up hydrogen supply chain for mobility solutions in South Korea. The joint venture will be established with Air Liquide Korea and Lotte Chemical investing 60% and 40% in this entity respectively. As a part of the agreement, both the companies will jointly invest through the joint venture in a new generation of large-scale hydrogen filling centers in Daesan and Ulsan. Air Liquide explained that the first two units will be strategically located in the industrial basins of Daesan and Ulsan to serve the densely populated regions of the Seoul metropolitan area. Air Liquide said in a statement while adding that the demand for hydrogen dedicated to mobility in South Korea is expected to reach 100 tons per day by 2025 and over 1,000 tons per day by 2030.