Posco plans to use hydrogen to decarbonise its steelworks
Acwa and Posco to explore green hydrogen and ammonia
The firms will look at joint development of green hydrogen projects to decarbonise Posco’s power generation and steelmaking
Saudi government-affiliated energy developer Acwa Power has signed a memorandum of understanding with South Korean conglomerate Posco to jointly explore the development of green hydrogen and ammonia projects. The partners plan to use hydrogen and its derivatives, including ammonia, to decarbonise Posco’s power generation and steel manufacturing processes and supply existing customers in the South Korean market. Acwa is one of the developers behind a $5bn green hydrogen-to-ammonia complex in Saudi Arabia’s planned Neom new city, which recently awarded an engineering, procurement and construction contract to industrial gases firm and project partner Air Products. Acwa and Air Products have als
Also in this section
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
28 January 2026
The development of hydrogen’s distribution system must speed up if the industry is to stand any chance of grabbing a meaningful slice of the low-carbon energy market
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
