Korea Zinc Leads Consortium to Turn Australia into Green Ammonia Powerhouse
Korea Zinc, headed by Park Ki-Deok, has high aspirations for a collaborative project with SK Gas Ltd. and Hanwha Impact Corp. to transform Australia into a major producer and exporter of green ammonia. This initiative aligns with South Korea's goal of achieving carbon neutrality by 2050 and aims to bolster its energy security through the hydrogen economy.
The consortium, operating under the banner of the 'Green Energy Ammonia Plant Project', plans to ship over 1 million tons of green ammonia annually from Australia to South Korea starting from 2030. Korea Zinc, through its subsidiary Ark Energy Corp., is leading the project in North Queensland. Ark Energy's CEO, Daniel Kim, envisions the region becoming a global hub for green hydrogen production and export. The project involves establishing a complex to produce and convert green hydrogen into ammonia for easier transportation using Korea Zinc's renewable energy assets in Australia.
The 'Green Energy Ammonia Plant Project' is set to significantly contribute to South Korea's carbon neutrality goal while enhancing its energy security. The project's success relies on sustained cooperation among the consortium partners, with Korea Zinc, SK Gas Ltd., and Hanwha Impact Corp. working together to harness Australia's green hydrogen potential.
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