The UAE Kizard Green Hydrogen and Ammonia business has signed a cooperative development deal with Petrolin Chemie, a UAE developer, at the Kizard headquarters in the UAE Kizzard Industrial Complex.
The project will take place in two phases, with the goal of building a green ammonia manufacturing facility with a capacity of 200,000 tons at Abu Dhabi’s Kizad Industrial Complex. Furthermore, the production scale will be expanded from 35,000 tons per year to 165,000 tons per year immediately following the first phase of green ammonia production.
‘Team Korea’, which includes Korea Electric Power, Korea Western Power, and Samsung C&T’s construction divisions, is Korea’s first overseas green hydrogen/ammonia project and competes in an energy market estimated to be worth 130 trillion won per year by 2050. It’s a symbolic endeavor that’s just getting started.
Korea Western Power, Samsung C&T E&C, and KEPCO will play a pioneering role in hydrogen and ammonia production by bringing new business models to unexplored areas.
As the first offshore green hydrogen business platform, the project intends to achieve the nation’s greenhouse gas reduction target (NDC) and increase the rate of energy self-development through a cyclical method of ‘development-investment-production-transport-distribution’.
Through the extension and replication of future business models, participating enterprises will be the first to achieve carbon-neutral goals and thereby boost competitiveness in the global green hydrogen market.
By 2030, the government’s National Greenhouse Gas Reduction Target (NDC) aims to cut carbon emissions by 40% from 2018 levels and achieve carbon neutrality by 2050. It is estimated that the power generation industry will require 11 million tons of ammonia per year by 2030 and 13.5 million tons of hydrogen by 2050.
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