SK E&S and Woodside collaborate on hydrogen and ammonia

Australia-based Woodside and South Korea’s SK E&S have signed a non-binding Memorandum of Understanding to enable studies on the potential development of a lower-carbon hydrogen value chain, including hydrogen, ammonia and other related products.

Under the agreement, Woodside and SK E&S plan to jointly explore opportunities relating to long-term ammonia and hydrogen offtake arrangements; equity participation in ammonia and hydrogen production projects; and project engineering supply opportunities.

In addition, both parties will consider existing and proposed government policies of South Korea and Australia that could help facilitate lower-carbon hydrogen value chain development.

SK E&S’s Financial Story contains its plan to build a differentiated green portfolio driven by its four core businesses – hydrogen, renewables, energy solutions and green LNG – and its idea of growing more competitive to become a major global energy company in the future.