What Hanwha Impact Partners does

Hanwha Impact Corporation (Hanwha Impact Partners) is a South Korean-domiciled private investment and industrial company, wholly-owned subsidiary of Hanwha Solutions Corporation within the Hanwha Group conglomerate. Its corporate origins trace to 1974 (Samsung Petrochemical), rebranded to Hanwha General Chemical in 2015 and to the current Hanwha Impact identity in September 2021, a transformation that formally repositioned the company from a petrochemical manufacturer into an impact investment company combining legacy industrial operations with strategic investments across energy transition, life sciences, and digital technology. As of December 2023, the company reported KRW 5.6 trillion (~USD 4.2 billion) in total assets, KRW 4.5 trillion (~USD 3.4 billion) in net assets, and KRW 4.3 trillion in investment assets spread across 11 countries and 45 portfolio companies.

The business operates across two intertwined layers. The industrial layer consists of PTA (Purified Terephthalic Acid) production at Ulsan and Daesan plants with combined capacity of approximately 2 million tons annually, supplying polyester fiber, PET resin, film, coatings, and industrial materials manufacturers; a solar Independent Power Producer (IPP) business covering domestic (Hanwha Solar Power, est. June 2017) and international (Hanwha Solar Power Global, est. November 2017) development and operations including the HQC Tatanka Wi USA plant acquired December 2017; and proprietary hydrogen combustion technology developed in-house and via wholly-owned subsidiaries PSM (USA) and ATH/Thomassen Energy (Netherlands), both acquired in March 2021. The technology stack centers on H2GT hydrogen co-firing (validated at 59.5% co-firing rate in 80MW gas turbines with Korea Western Power in June 2023), Flashback Control Technology, FlameSheet Combustion Technology (sub-9 ppm NOx without diluents), and the HyFlex LEC-III hydrogen fuel-flexible retrofit system.

The investment layer is the company's stated strategic differentiator, channeling capital through an ESG investment management philosophy into energy transition (hydrogen and renewable energy), life sciences (notably a participation in Tessera Therapeutics' USD 300 million Series C in May 2022 for Gene Writing technology, and a 2021 investment in Inari Agriculture for AI-driven seed gene editing), and digital/data technology (AI, IoT, big data). Commercialization of hydrogen technology is contract-based with named utility customers Korea Western Power, Uniper (264MW Rotterdam Capelle retrofit), and Linden Cogeneration (172MW F-class US project). Headquartered in Seoul at the Hanwha Building, with manufacturing operations in Ulsan and Daesan, and international offices in Singapore (2018) and Houston (2018), the company is led by Representative Director and CEO Yang Ki-won (양기원).

Name

Hanwha Impact Partners

Legal name

Hanwha Impact Corporation (한화임팩트 주식회사)

Website

https://hanwhaimpact.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

251–500 employees

Short description

Hanwha Impact Corporation is a Hanwha Group subsidiary operating PTA manufacturing, solar IPP, and strategic ESG investments across energy transition, life sciences, and digital technology, with proprietary hydrogen co-firing technology commercialized to utility customers in Korea, the Netherlands, and the United States.

Ownership category

akta.pro rank

Product category

Clean Energy Investment Services

SIC

Cogeneration Services & Small Power Producers (4991), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Renewable Energy Infrastructure (FSAAAKAG)

akta.pro secondary industries

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Clean energy investment
• Hydrogen combustion technology
• Strategic venture capital
• PTA chemical manufacturing
• Solar power development

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Investment Returns: Investment company generating returns through strategic investments in portfolio companies across energy transition, life sciences, and digital data technology sectors. Total assets of KRW 5.6 trillion and net assets of KRW 4.5 trillion as of 2023.
2. PTA Production and Sales: Production and sale of Purified Terephthalic Acid (PTA), a key raw material for polyester fiber, PET resin, films, coatings, and industrial materials. Certified with ISO 14001, ISO 45001, ISO 9001, and ISCC PLUS eco-friendly certification.
3. Solar Power Generation (IPP): Independent Power Producer business covering solar power plant development from site assessment, permitting, KEPCO grid connection review, profitability analysis, EPC and supervision, to plant operation and maintenance.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Hanwha Impact is an investment company that manages strategic investments in eco-friendly energy solutions and future innovation technologies across three core domains: energy transition (hydrogen, renewables), life sciences (biotech), and digital/data technology (AI, IoT, big data). The company also operates two industrial businesses: PTA (Purified Terephthalic Acid) production for polyester/PET manufacturers and solar power IPP (Independent Power Producer) services. Its portfolio spans 45 companies across 11 countries with KRW 5.6 trillion in total assets.

Product overview

Hanwha Impact operates as an investment company (formerly Hanwha General Chemical) focused on eco-friendly energy solutions and future innovation technologies. The company manages a diversified portfolio comprising: (1) PTA (Purified Terephthalic Acid) manufacturing as its core industrial product for polyester and PET applications; (2) IPP solar power plant development and operations; (3) strategic investments across three future technology domains—energy transition (hydrogen, renewable energy), life sciences (biotech ventures), and digital/data technology (AI, IoT, big data). The company also develops proprietary hydrogen combustion technologies including H2GT for gas turbine retrofitting and FlameSheet combustion platform for ultra-low emissions hydrogen co-firing.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Transition Investment Investment services focused on renewable energy sector including hydrogen energy technology and sustainable power generation solutions for portfolio companies and strategic assets.
• Life Sciences Investment Investment services for biotech ventures and bio-healthcare companies, including gene editing technology and genetic medicine platforms.
• Digital/Data Technology Investment Investment services for digital data technology industries utilizing AI, IoT, and big data, with focus on integrated business model development.
• PTA (Purified Terephthalic Acid) High-purity terephthalic acid produced from crude oil para-xylene through oxidation and refining processes, used as primary raw material for polyester fiber, PET resin, film, paint, and industrial materials. Combined capacity of approximately 2 million tons annually.
• IPP (Independent Power Producer) - Solar Power

Quantifiable outcome

• 59.5% hydrogen co-firing rate achieved in 80MW gas turbines (world's highest)
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered major and core.

• UnipermajorChannel Partner/ Reseller/ Distributor · 1 January 2022Providing hydrogen fuel-flexible retrofit solution (HyFlex LEC-III combustion system) for Uniper's Rotterdam Capelle power plant's 264MW gas turbines. The system enables variable blend of hydrogen and natural gas fuel with ultra-low emissions.
• Korea Western PowercoreStrategic or Co-development Partner · 1 March 2021Business cooperation agreement with Korea Western Power Corp (KEPCO subsidiary) for hydrogen multi-fuel fired power generation technology development. Successfully demonstrated world's highest 59.5% hydrogen co-firing rate in 80-megawatt-class gas turbines.
• Thomassen EnergycoreTechnology or Integration · 1 January 2021Thomassen Energy (acquired by Hanwha Impact) developed HyFlex LEC-III combustion retrofit system jointly with PSM for hydrogen fuel-flexible retrofit solutions. Previously successfully completed hydrogen co-firing modifications to 3x9E gas turbines in Netherlands.

Scale indicators9 records

Recent moves14 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hanwha Impact Partners