POSCO

CF Industries & POSCO will commence a FEED study on CCS-based ammonia production at CF’s Blue Point Complex in Louisiana as part of a potential joint venture in low-carbon ammonia production, with long-term offtake to South Korea.

Hydrom (Hydrogen Oman) has signed commercial term sheets and allocated land to a series of important ammonia export projects being developed in the Gulf nation. Green Energy Oman is one of three project consortia granted land near Duqm in the country’s south, with further allocations expected in the coming months. Also in Duqm, ENGIE & POSCO have launched a million-tonne-per-year ammonia production project, with the full production output to be exported to Korea over the forty year operational lifetime of the plant.

Saudi-based ACWA Power and South Korean-based POSCO will join forces to develop new hydrogen and ammonia production projects, with an eye towards decarbonising POSCO’s power generation and steel making activities in South Korea. The pair are already significant players in the ammonia energy space, with POSCO setting ambitious goals for production & imports, and ACWA involved in multiple mega-projects in the Middle East.

Applications are now open for the H2 Challenge - an initiative set to identify the best hydrogen-related projects from across the globe for funding support. The Challenge is open for applications from: International startups from Pre-Seed to Series C+ stages, university teams/academia and strategic partners (established SMEs) that develop hardware and/or software solutions across multiple use cases and projects within the hydrogen value chain - Production, Transportation & Storage, End-use Applications, Carbon Capture Utilisation & Storage, or Ammonia Applications.

Thirteen private organisations and five public institutions joined together this week to form South Korea's Green Ammonia Alliance. The Alliance's key aim is to work towards carbon neutrality for Korea by 2050.

South Korea has featured in many Ammonia Energy news updates, but often in a scatter gun fashion that lacked the momentum of ammonia energy announcements coming from the other side of the Korea Strait. Now, South Korea is ready to step out from Japan’s shadow as a clean energy innovator and deployer in its own right. We’re seeing the beginnings of a well-articulated strategy to achieve society-wide decarbonisation in South Korea, with a starring role for clean hydrogen and clean ammonia.