South Korean firms sign up for Saudi ammonia project

Companies from the East Asian country are looking to secure supplies of green ammonia and want full involvement in the value chain

South Korean utility Kepco has signed a memorandum of understanding (MoU) with Saudi sovereign wealth fund PIF, state-owned Korea National Oil Corporation, utility Korea Southern Power, technology firm Samsung C&T and steel firm Posco Holdings to develop a 1.2mn t/yr green ammonia project in Saudi Arabia.  The firms have identified a good location for the plant through a pre-feasibility study and will advance the project further next year. The South Korean firms aim to participate in the entire ammonia value chain—including production, conversion and transport. Kepco will use the green ammonia to co-fire with coal in power plants. The firm, which is majority owned by the South Korean sta