SOUTH KOREAN COMPANIES PLAN $1BN UAE-BASED GREEN HYDROGEN PLANT

Korea Electric power, Samsung C&T and Korea Western Power will join forces with Emirati firm Petrolyn Chemie to build a $1 billion plant in the UAE producing green hydrogen and ammonia.

The plans announced Friday detail a capacity of 200,000 tons a year of green ammonia and hydrogen, produced using renewable-sourced electricity passed through water near Abu Dhabi.

Source: National News Agency