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Three South Korean companies have teamed up to form a consortium for the construction of a green ammonia and hydrogen production facility in the UAE.
Korea Electric Power Corporation, its subsidiary Korea Western Power, and Samsung C&T Corporation have partnered with Petrolyn Chemie, a UAE-based company of Petrolyn Tech and Chemie Tech.
The companies will jointly develop a plant that can produce 35,000 tonnes of green ammonia per year. Later, it will be scaled up to produce 200,000 tonnes. In two stages, the capacity will be built in Abu Dhabi’s Khalifa Industrial Area.
It was impossible to give an exact time frame for each phase’s installation.
“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,” Petrolyn said.
This initiative will create a platform to facilitate technology development, investment, production, logistics, and distribution of green hydrogen. The partners claim that the project will reduce the UAE’s carbon footprint, and help the country achieve its 2050 goal of carbon neutrality.