Saudi-based ACWA Power and South Korean-based POSCO will join forces to develop new hydrogen and ammonia production projects, with an eye towards decarbonising POSCO’s power generation and steel making activities in South Korea. POSCO has already declared its ambition to ramp up production of renewable hydrogen, and has set a production goal of 500,000 tonnes by 2030. ACWA is already engaged in several ammonia mega-projects: in Salalah, Oman (with OQ and Air Products), and of course the NEOM project in Saudi Arabia (also with Air Products).
With tangible project commitments in Saudi Arabia and Oman, ACWA Power is at the forefront of scaling up green hydrogen, whose output—ammonia—will lead to the outcome of decarbonising entire industries, including hard to abate industrial activities like steel manufacturing.
ACWA Power Vice Chairman and CEO Paddy Padmanathan in his organisation’s official press release, 19 July 2022
South Korean ammonia
It’s been a big year for ammonia announcement out of South Korea:
- In January, AiP was granted for two ammonia-fueled carrier vessel designs by Korea Shipbuilding & Offshore Engineering.
- In February, POSCO was one of several South Korean organisations that will partner to develop a hydro-powered ammonia project in Malaysia.
- KEPCO, Samsung C&T, and Korea Western Power will partner to develop a renewable ammonia project in the UAE, launched in June.
- And also in June, Doosan, KEPCO, Samsung and POSCO will jointly develop dual-fuel ammonia power generation units: both coal boilers and gas turbines.
For all things South Korea and ammonia, make sure to register for the 2nd Korean Green Ammonia Conference, with the proceedings from Daejeon to be streamed live online. The Korean Institute of Energy Research is hosting the event on Friday 26 August.
