SEOUL, Jan. 27 (Korea Bizwire) — Three South Korean companies — Samsung Engineering Co., Lotte Chemical Corp. and POSCO — announced on Wednesday that they will jointly launch a clean hydrogen development business in Malaysia.
On Monday, the companies signed a memorandum of understanding with Malaysia’s Sarawak Economic Development Corporation Energy to promote the Sarawak H2biscus clean hydrogen project.
Based on the result of a feasibility study conducted last year, the four companies plan to build a plant with an annual capacity of producing 630,000 tons of green ammonia, 600,000 tons of blue ammonia, 460,000 tons of green methanol and 7,000 tons of green hydrogen in the Sarawak region.
The project’s development is expected to ramp up after additional feasibility studies including a technological assessment and market analysis are carried out.
Among the products that will be produced in the plant, 7,000 tons of green hydrogen will be used in Malaysia, while clean ammonia and methanol will be exported to South Korea.
J. S. Shin (email@example.com)