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
18 September 2024
Greater regulatory clarity and support for demand will be critical for tackling project delays over next two years, say Hydrogen Council and McKinsey
18 September 2024
As part of Petroleum Economist's 90th anniversary special coverage, we look at how hydrogen has emerged from relative obscurity to become a key player in the transition to net zero
6 September 2024
Emirati NOC signs groundbreaking deal to take 35% stake in ExxonMobil’s large-scale Baytown project, despite uncertainty over US government support
5 September 2024
French green hydrogen producer to supply German firm’s network of refuelling stations under its first major long-term offtake agreement
