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South Korean companies to build $1 billion green hydrogen plant in UAE

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DUBAI : Three South Korean companies have signed an agreement to build a $1 billion green hydrogen and ammonia production plant in the United Arab Emirates, their UAE partner said on Friday.Korea Electric Power Corporation, Samsung C&T Corporation and Korea Western Power, alongside the UAE's Petrolyn Chem

DUBAI : Three South Korean companies have signed an agreement to build a $1 billion green hydrogen and ammonia production plant in the United Arab Emirates, their UAE partner said on Friday.

Green hydrogen - obtained by passing renewably-produced electricity through water to split the element from oxygen - has been touted by some as a key fuel for energy users looking to cut greenhouse gas emissions.

 

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