There is still a long way to go for hydrogen to justify the hype as the next big thing in transportation. But Asia may hold the key to any eventual success.

Korean car giant Hyundai said Monday it will partner with European chemical giant Ineos, controlled by the U.K.’s richest man, James Ratcliffe, to explore opportunities in new hydrogen technologies. That could involve Hyundai buying hydrogen from the Ineos, or the Korean car maker selling its hydrogen fuel-cell technology to the latter. Toyota Motor of Japan and Hyundai…



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