Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS) = Samsung C&T announced on the 18th that it signed a memorandum of understanding(MOU) with DGA(Diamond Generating Asia), a global energy company, a subsidiary of Japan’s Mitsubishi Corporation, on the 17th for the joint development and operation of the green hydrogen and ammonia project in Australia.

Through this agreement, the two companies will pursue development projects to create a renewable power complex such as solar and wind power in Western Australia and to build green hydrogen production facilities in connection with it.

In addition, it plans to continue global cooperation by converting green hydrogen produced in Western Australia into ammonia and supplying it to the Korean and Japanese markets.

Currently, Samsung C&T Construction Division is expanding the green hydrogen business, which is attracting attention as an eco-friendly energy.

In particular, it plans to establish itself as a leader in the Australian green hydrogen market by creating a bridgehead to participate in all stages of the value chain from development to construction-production-supply.

In addition, according to Samsung C&T, Australia has abundant renewable energy resources and a large territory, making it an optimal environment for conducting large-scale green hydrogen and ammonia projects.

By Soon-ki Lee(s8789@nspna.com) and Eui-youn Jung(jeyoun91@nspna.com)

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