South Korean Companies to Build $1 bln Green Hydrogen Plant in UAE
06.05.2022 By Ricardo Perez - NEWS

June 5, 2022 [Alarabiya News] – Three South Korean companies have signed an agreement to build a $1 billion green hydrogen and ammonia production plant in the United Arab Emirates, their UAE partner said on Friday.

 

Korea Electric Power Corporation, Samsung C&T Corporation and Korea Western Power, alongside the UAE’s Petrolyn Chemie, will build a plant that can produce up to 200,000 tonnes of green ammonia a year, Petrolyn said.

Green hydrogen – obtained by passing renewably-produced electricity through water to split the element from oxygen – has been touted by some as a key fuel for energy users looking to cut greenhouse gas emissions.

Both the UAE and neighbor Saudi Arabia have set out ambitious plans for hydrogen.

The plant will be built in two phases in the KIZAD Industrial Area near the capital Abu Dhabi, with the first phase producing 35,000 tons before the second phase takes the project to full scale.

“Participating companies will achieve their respective Net-Zero vision through the Project. They are expected to…expand the drive of future growth in the global green hydrogen market by expanded reproduction of their future business model,” Petrolyn said.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Enagas Says LNG Backlog at Spanish Ports Has Eased
11.25.2022 - NEWS
November 25, 2022 [Reuters] – Spanish gas grid operator Enagas (ENAG.MC) said on Friday a bac... Read More
Stolthaven Terminals and Deloitte Partner on a Decarbonisation Pilot
11.25.2022 - NEWS
November 25, 2022 [Port News] – Stolthaven Terminals has partnered with Deloitte to test an inn... Read More
CO2 Import Terminal To Open At Port of Immingham
11.25.2022 - NEWS
November 25, 2022 [Port News] – A new carbon dioxide (CO2) terminal is to be built at the Port ... Read More
Italy Govt To Oppose Piombino City Appeal Against New LNG Terminal
11.25.2022 - NEWS
November 25, 2022 [Reuters] –  Italy’s government will fight the judicial appeal by the ... Read More