Origin Energy is joining forces with one of Korea’s largest steelmakers and trading and resources companies, POSCO and Posco International Corp. and today signed an MOU to cooperate on producing and supplying green hydrogen to Korea.
By attaching renewable hydrogen molecules to nitrogen to create ammonia, green hydrogen can be shipped anywhere in the world. Origin is building a programme of green ammonia projects, starting with a feasibility study into an export-scale green ammonia plant in Tasmania’s Bell Bay to meet both export and domestic needs.
Customers in Asia such as POSCO are driving demand for low and zero carbon fuels and from Seoul, they joined our future fuels team in a ceremony to sign off on our exciting new partnership.
With Australia’s abundance of fantastic solar and wind resources, Australia is in the box seat to export clean energy all over the world.
Currently, Origin is developing a project to produce 70,000 tons of green hydrogen per year using 500MW of hydroelectric power in Tasmania, which is located in the south of Australia.
Origin’s general manager of Future Fuels, Felicity Underhill, said Australia is on the “box seat” to become a major player in a potential global hydrogen boom due to its abundance of renewable energy resources and its current expertise and supply chain in transporting energy goods. switch. Asian market.
“We are seeing tremendous demand for carbon-free fuels from Asia since the 1930s, and we are seeing demand much earlier in Korea and Japan in the mid-2020s,” she said.