Acwa and Posco to explore green hydrogen and ammonia

The firms will look at joint development of green hydrogen projects to decarbonise Posco’s power generation and steelmaking

Saudi government-affiliated energy developer Acwa Power has signed a memorandum of understanding with South Korean conglomerate Posco to jointly explore the development of green hydrogen and ammonia projects. The partners plan to use hydrogen and its derivatives, including ammonia, to decarbonise Posco’s power generation and steel manufacturing processes and supply existing customers in the South Korean market. Acwa is one of the developers behind a $5bn green hydrogen-to-ammonia complex in Saudi Arabia’s planned Neom new city, which recently awarded an engineering, procurement and construction contract to industrial gases firm and project partner Air Products. Acwa and Air Products have als