Saudi Arabian-based ACWA Power and Korea Electric Power Corporation (KEPCO) are set to explore the development of green hydrogen and ammonia projects in the Middle East and other geographies to decarbonise KEPCO’s South Korea operations.
Under a signed Memorandum of Understanding (MoU), KEPCO intends to utilise green hydrogen and ammonia to operate its South Korean power plants, contributing to its goals of utilising five to 10 million tonnes of green ammonia by 2030.
Through its joint venture, The NEOM Green Hydrogen Company with NEOM, and Air Products, ACWA is set to produce up to 650 tonnes of green hydrogen per day from the ‘world’s largest’ green hydrogen project in Saudi Arabia, once commissioned in 2026.
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