Korean $1bn hydrogen venture in UAE gets green light

It is set to produce 200k tonnes of green ammonia annually

Net Hero Podcast

Three South Korean companies are building a $1 billion (£797.3m) green hydrogen and ammonia plant in the United Arab Emirates (UAE).

The project will see Korea Electric Power, Korea Western Power and Samsung C&T combine to build a facility capable of producing 200,000 tonnes of green ammonia each year.

Two phases of construction are set to get underway near Abu Dhabi, with the first seeing 35,000 tonnes produced before the site is expanded to its full scale.

Petrolyn Chemie, a UAE-based company is working with the three companies to ensure the project is a success.

It released a statement reading: “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.”