Three South Korean companies to work with Petrolyn Chemie to build green hydrogen plant

Korea Electric Power Corporation, its subsidiary Korea Western Power and Samsung C&T Corporation, have signed an agreement with UAE-based Petrolyn Chemie for the construction of a $1bn green hydrogen and ammonia production plant in the UAE.

The project will contribute to the reduction of the UAE’s carbon footprint and support the country in achieving its 2050 carbon neutrality goal.

As pee the deal, the South Korean companies will build a plant that will initially be able to produce 35,000 tonnes of green ammonia annually and will be later scaled up to reach an output of 200,000 tonnes. The capacity will be installed within the KIZAD area near Abu Dhabi in two stages.