Investment giant Macquarie Group's asset division shuts down a $3 billion green energy investment fund.
In a significant move towards a greener future, Macquarie Asset Management (MAM) has successfully closed a $3bn green energy transition fund. This fund, aimed at opportunities in renewable fuels, carbon capture, and other novel sectors, is set to make a substantial impact on South Korea's energy landscape.
One of the key players in this development is Approtium, the largest independent hydrogen producer and supplier in Korea. Managing approximately 60km of hydrogen pipeline infrastructure, Approtium supplies high-quality hydrogen to a wide network of companies in the Ulsan region, including those with high-precision manufacturing processes, such as semiconductor manufacturing.
Approtium's operations extend beyond hydrogen production. The company captures carbon dioxide produced from its hydrogen production plants via carbon capture systems and distributes liquefied carbon dioxide to clients for various uses. This commitment to sustainability aligns with South Korea's ambitious goal of sourcing one third of its energy from low-carbon hydrogen by 2050.
The industrial gases market in South Korea is part of the rapidly growing Asia Pacific region. In 2024, the region held a 37% market share and is expected to grow at a CAGR of 5.98% from 2025 to 2034. This growth is driven by expanding end-use sectors such as aerospace, food, beverage, pharmaceuticals, metallurgy, semiconductors, and healthcare. The growth is supported by increasing industrialization, urbanization, and strategic partnerships to optimize gas production efficiency and reduce carbon emissions.
South Korea is expected to become a net importer of low-carbon hydrogen to meet future demand and support its energy transition. This shift will drive the adoption of low-carbon hydrogen, particularly in industrial processes and power generation.
Chris Archer, Executive Director of MAM Green Investments, emphasized the significance of these investments, stating that the global energy transition presents an opportunity to build tomorrow's infrastructure. Archer also highlighted the importance of building out proven technical solutions in this process. MAM's green investments now stand at $17bn globally.
For gas professionals seeking a clear lens into the growth trajectory and commercial potential in South Korea's industrial gases market, our website Intelligence's Country Pulse series offers valuable insights. To read all the latest data and trends, click here.
In conclusion, the closure of the $3bn green energy transition fund by Macquarie Asset Management marks a significant step forward in South Korea's transition to a low-carbon economy. The fund, along with the efforts of companies like Approtium, is poised to drive the adoption of low-carbon hydrogen, supporting South Korea's ambitious energy goals and contributing to a greener future.
Read also:
- Mural at blast site in CDMX commemorates Alicia Matías, sacrificing life for granddaughter's safety
- Increased energy demand counters Trump's pro-fossil fuel strategies, according to APG's infrastructure team.
- Goodyear Forges Ahead in 2025 with Kmax Gen-3 for Enhanced Total Mobility through Nufam Project
- Giant Luxury Yacht from Lürssen Company Capable of Navigating 1,000 Nautical Miles on Electric Power Solely
