Plug's Korean JV to enter green hydrogen co-firing partnership
Image source: @PlugPowerInc (Twitter)
South Korea’s SK E&S and its joint venture with Plug Power Inc (NASDAQ:PLUG) have joined hands with Korea Southeast Power Generation (KOEN) to produce green hydrogen and ammonia that will be used for co-firing in thermal power plants.
SK E&S and SK Plug Hyverse have signed a memorandum of understanding (MOU) with KOEN that will see the power producer and distributor receive supplies of green hydrogen and ammonia and feed it into its thermal power facilities along with coal. Under the plan, the hydrogen will be produced both locally and abroad, SK E&S said last week.
The pact will support KOEN’s goal of cutting its greenhouse gas emissions by 48% by 2034 through expanding low-carbon LNG conversion and developing carbon capture, usage and storage technology.
The partners intend to use PEM electrolysers that will be made in South Korea by SK Plug Hyverse.
"Given the local production capability of hydrogen and ammonia, it is vital to establish a hydrogen and ammonia supply chain from abroad,” said Sang-pyo Eun, vice president and head of KOEN’s new business division.
The SK Plug Hyverse JV was set up in January 2022. Among the entity’s future plans is the construction of a giga-scale hydrogen production plant in the South Korean city of Incheon.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.