Details emerge on South Korea’s plans to set up a green ammonia plant here:South Korean construction and plant operation company SK ecoplant will work with China’s state-run construction giant China State Construction Engineering Corporation (CSCEC) to build a green hydrogen and green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a statement from the company, which helped add color to a cabinet statement released last week. The companies will set up and use 778 MWs of renewables — 500 MW of solarenergy and 278 MW of onshore wind energy — to produce 50k tons of green hydrogen and 250k tons of green ammonia a year by 2029, when the project is slated to be fully operational.

ICYMI: SK ecoplant was one of seven international and local companies to ink MoUs with anumber of state bodies to develop green hydrogen and renewable energy projects in the SCZone over the next ten years, worth a combined USD 41 bn.

The price tag? The project is expected to cost KRW 2.6 tn (c. USD 2 bn).

What’s next?The Madbouly government will soon allocate a plot of land for the project, afterwhich the two companies will be able to conduct their feasibility studies and then decide on the exact size and timeline of the project.

Part of a wider plan: SK ecoplant and CSCEC last year inked an MoU to “dominate the globalrenewable energy market” and work together on global renewable energy projects in Asia and Africa.

Tags: