On Thursday, SK E&S Co., a natural gas power unit of South Korea’s SK Group, signed a Memorandum of Understanding (MOU) with the Korea Southern Power Co. (KOSPO) to collaborate on the production and utilization of green hydrogen. SK Plus Hyverse, SK E&S’ hydrogen venture with U.S. Plug Power, is also part of the partnership.
The agreement will see SK E&S and SK Plus Hyverse supply electrolyzers to generate green hydrogen, a type of hydrogen with zero carbon dioxide emissions. KOSPO will then purchase the green hydrogen and ammonia produced from the joint venture and use them as secondary fuel for its existing natural gas and coal power stations.
Co-firing, the combination of conventional fuels like coal with secondary fuels like hydrogen, is a popular means of achieving carbon neutrality in related industries, as it reduces greenhouse gas emissions. SK E&S and KOSPO also plan to seek new opportunities for clean hydrogen projects in foreign markets with ample renewable energy resources.
SEOUL, Aug. 17 (Yonhap) — SK E&S Co., the natural gas power unit of South Korea’s SK Group, signed a preliminary agreement with a local utility company Thursday for a partnership on the production and utilization of green hydrogen.