The UAE’s Al Fattan Energy signed an agreement with South Korea’s LTechUVC to build a USD 400 mn, 200 MW green hydrogen and ammonia facility, according to a report by Khaleej Times released last week. The project, the agreement for which was signed last month, will be built in the Kezad industrial complex, the outlet notes. No information was provided on the planned time frame of the project.
The stakeholders: Al Fattan Energy — a subsidiary of Al Fattan Holding and Investment — works on renewable energy, nuclear, and oil and gas projects in MENA, specializing in infrastructure, transport, maritime defense, naval vessel construction, and oil and gas. LTechUVC is a consulting firm focused on hydrogen-based energy and will oversee the participation of other “major” South Korean firms “with expertise in the field” in the KEZAD green ammonia plant construction, Khaleej Times notes, without providing further details.