South Korean firms to set up green energy hub in Australia
Author: Sonali Paul
Three major South Korean groups said on September 21, 2022 they hope to build a green energy export hub in Australia's Queensland state, aiming to produce a million tonnes of green ammonia annually for export by 2032. The Han-Ho Hydrogen Consortium, launched on Wednesday by Korea Zinc petrochemicals group Hanwha Impact Corp and SK Gas, plans to build up to 3 gigawatts (GW) of renewable energy capacity in Collinsville in Queensland. Electricity would be used to power electrolysers that split water and produce green hydrogen, which would then be used to produce ammonia for export to South Korea, the Queensland government and the companies said. The statement did not mention an estimated cost for the huge project. Green ammonia is considered a key alternative to coal in power generation and is seen as the best way to ship green hydrogen, which could be used as a transport fuel as well as in steel-making down the track.