Samsung Engineering and 6 Other Companies Sign Agreement to Establish Clean Ammonia Supply Chain in West Sea Region

Choi Seong-an President "Leading Overseas Hydrogen Import Based on Technology and Network"

On the 9th, Choi Sung-an, President of Samsung Engineering (second from the left), is taking a commemorative photo with representatives of participating companies at the West Sea Region Clean Ammonia Supply Chain Establishment Business Agreement Ceremony.

[Asia Economy Reporter Park Sun-mi] Seven domestic private and public companies, including Samsung Engineering, have entered into a business agreement to establish a clean ammonia supply chain in the West Sea region. They will produce clean ammonia, a raw material for domestic carbon-free power generation, in the Middle East, Malaysia, and other locations, supply it to nearby ammonia co-firing power plants through receiving infrastructure in the West Sea region, and produce hydrogen through cracking to supply to nearby hydrogen power plants (both pure and co-firing), joining forces to actively promote this project.

On the 10th, Samsung Engineering announced that seven companies, including Korea National Oil Corporation, Korea South-East Power, Korea Western Power, POSCO Holdings, Lotte, and SK Gas, signed a "Mutual Cooperation Agreement for Establishing a Clean Ammonia Supply Chain in the West Sea Region" at Lotte Hotel Seoul the previous day. The signing ceremony was held as a preliminary event of the 5th Hydrogen Economy Committee chaired by the Prime Minister, with Prime Minister Han Duck-soo (Chairman of the Hydrogen Economy Committee), Minister Lee Chang-yang of the Ministry of Trade, Industry and Energy (Secretary of the Hydrogen Economy Committee), Minister Choo Kyung-ho of the Ministry of Economy and Finance, and top executives including Samsung Engineering President Choi Sung-an in attendance.

Samsung Engineering will participate in establishing overseas green and blue ammonia production bases, while Korea National Oil Corporation, Lotte, and SK Gas will participate in building clean ammonia receiving, storage, distribution infrastructure, and cracking hydrogen production infrastructure in the domestic West Sea region. Korea South-East Power and Korea Western Power will utilize the clean hydrogen and ammonia supplied through this infrastructure for co-firing demonstration.

Choi Sung-an, President of Samsung Engineering, stated, "This agreement will be an important milestone for the introduction of overseas clean hydrogen and ammonia," and added, "We will take the lead in importing overseas hydrogen based on our technological capabilities and overseas networks."

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