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SK Ecoplant Partners with Korea South-East Power for Green Energy in UAE and Oman

Joint Venture Aims to Develop Green Hydrogen and Ammonia Production Facilities in the Middle East
South Korea
s 034730.KO k 9503.TSE Blue Chip 150 Mid and Small Cap 2000
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SK Ecoplant Co., an arm of South Korea’s SK Group specializing in construction engineering and waste management, is making significant strides in green energy production. The company has announced a partnership with Korea South-East Power Co. to establish a major green hydrogen and green ammonia production facility in the Middle East, focusing on the United Arab Emirates and Oman.

This ambitious initiative, unveiled on Friday, will see SK Ecoplant spearheading a feasibility study for building the proposed infrastructure in an industrial park within Abu Dhabi’s free economic zone. The plan involves producing 50,000 tons of green hydrogen and 250,000 tons of green ammonia annually, utilizing electricity generated from a solar power plant within the industrial park.

Korea South-East Power, a significant player in the Korean electricity market, will provide essential support for the project. Part of their involvement includes considering the importation of green hydrogen and green ammonia from the UAE and Oman to fuel their conventional power plants in Korea.

This collaboration comes amid SK Ecoplant’s strategic shift from a traditional construction firm to an eco-friendly energy enterprise. The company has been actively exploring opportunities in renewable energy, as evidenced by its discussions in July with a local UAE company to tap into the region’s potential for green hydrogen and ammonia production.

The Middle East, known for its abundant sunshine, offers ideal conditions for solar energy production. The region’s well-established port infrastructure further facilitates the efficient shipping and delivery of green energy.

Green hydrogen, produced by splitting water into hydrogen and oxygen using renewable electricity, is a crucial component of climate-neutral energy production. Similarly, green ammonia, created through eco-friendly processes, represents another vital element in the push towards achieving net zero emissions by 2050.

Additionally, SK Ecoplant is investing in the waste battery business, focusing on recycling materials from end-of-life electric vehicle batteries. Meanwhile, Korea South-East Power, with its extensive operations in thermal, pumped-storage, and combined cycle power plants, brings significant energy generation expertise to this joint venture.

This partnership not only marks a significant step in SK Ecoplant’s transformation but also underscores the growing global emphasis on sustainable and renewable energy solutions. The project’s success could set a precedent for future eco-friendly energy initiatives in the Middle East and beyond.

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