SK Ecoplant Participates in 6 Trillion KRW Scale Green Hydrogen Commercialization Project

SK ecoplant is participating in a green hydrogen commercialization project worth 6 trillion won together with a Canadian energy company.

On the 17th, SK ecoplant announced that it signed an investment agreement to participate in the $4.5 billion (approximately 6 trillion won) ‘Nujio'qonik Green Hydrogen Phase 1 Project’ with Canada’s World Energy GH₂.

This project will be carried out on Newfoundland Island in Newfoundland and Labrador, eastern Canada. It involves producing green hydrogen by splitting water using electricity generated from wind power without carbon emissions, then converting it into green ammonia for transportation to other continents such as Europe.

The project is divided into three phases. In the first phase, approximately 1GW of onshore wind power will be established for electricity production, along with a total of 600MW of solid oxide electrolyzers (SOEC) and polymer electrolyte membrane electrolyzers (PEMEC) for green hydrogen production.

A green ammonia plant will also be constructed to convert about 60,000 tons of green hydrogen produced annually into approximately 360,000 tons of ammonia. The target for green hydrogen production is March 2025, and for green ammonia production, March 2026.

SK ecoplant secured an exclusive order opportunity worth about $1.5 billion (approximately 2 trillion won) in this project. It will supply and install electrolyzers for green hydrogen production as well as handle the front-end engineering design (FEED) for the entire project.

SK ecoplant is also in discussions to participate in the EPC (engineering, procurement, and construction) of the wind power plant complex. The EPC for the plant converting green hydrogen into green ammonia will be undertaken together with its subsidiary, SK ecoengineering.

SK ecoplant evaluated this agreement as a large-scale achievement since its transformation into an environmental and energy company.

Park Kyung-il, CEO of SK ecoplant, said, "By participating in the first intercontinental green hydrogen commercialization project in Korea, we have secured a favorable position to gain more business opportunities in the future. Based on SK ecoplant’s green hydrogen value chain, rapid execution capabilities, and experience, we will firmly establish our position as a global leader in green hydrogen and green ammonia."

This content was produced with the assistance of AI translation services.