Korea Zinc Accelerates Hydrogen and Ammonia Projects in Australia with Hanwha and SK

Korea Zinc has officially launched its clean hydrogen and ammonia business in Australia.

Korea Zinc announced that it signed the main contract (HoA) for the Korea-Australia consortium with its Australian subsidiary Ark Energy, Hanwha Impact, and SK Gas, and held a launch event on the 13th.

Korea Zinc signed the main contract (HoA) for the Korea-Australia consortium with its Australian subsidiary Arc Energy, Hanwha Impact, and SK Gas, and held the launch event on the 13th. From the left: Scott Stewart, Minister for Resources of Queensland, Australia; Daniel Kim, CEO of Arc Energy; Anastasia Palaszczuk, Premier of Queensland, Australia; Jonghwa Lee, Executive Director of Hanwha Impact; Younggil Cheon, Director General of Energy Policy Bureau, Ministry of Trade, Industry and Energy; Kideok Park, President of Korea Zinc; Alexandra Sidell, Charg? d'Affaires of the Australian Embassy in Korea; Seongmo Lee, Vice President of SK Gas.

The consortium was formed with the purpose of jointly reviewing a project to export more than 1 million tons of green ammonia annually from Australia to Korea by 2030. With the signing of this main contract, the four participating companies in the consortium have solidified their agreement on the key terms of the memorandum of understanding (MoU) signed last September and their commitment to implementation.

At the event, Anastasia Palaszczuk, Premier of Queensland, Australia, delivered a congratulatory speech, saying, "We welcome the launch of the consortium, and Queensland will fully support the export of green energy, including hydrogen, to Korea. The consortium has great expectations as it aims to establish a new green energy export corridor connecting North Queensland and Northeast Asia, promote the prosperity of local communities, and support the decarbonization efforts of both Korea and Australia."

Ark Energy, an Australian subsidiary of Korea Zinc, serves as the hub for Korea Zinc’s renewable energy and green hydrogen business sectors. It is currently promoting the 'SunHQ' demonstration project, which focuses on replacing diesel fuel through hydrogen commercial mobility. Ark Energy plans to build the Collinsville Green Energy Hub, which has a maximum generation capacity of over 4,000 MW within the renewable energy zone in northern Queensland, and to construct large-scale green hydrogen and ammonia production facilities.

Daniel Kim, CEO of Ark Energy, said, "North Queensland has great potential to become a world-class green hydrogen production and export base. Abbott Point is a strategically located deep-water port that can fully support exports at the scale we require. To realize this potential, we will work closely with key stakeholders and approach the activation of the hydrogen economy with great responsibility alongside our partners."

Korea Zinc is proceeding with procedures to establish a plant that produces large-scale green hydrogen based on its Australian renewable energy development assets (9GW scale) and converts it into ammonia, which is easier to transport.

Park Ki-deok, President of Korea Zinc, said, "It is significant that the Korea-Australia consortium is now on track. Korea Zinc looks forward to continued cooperation with consortium companies to unlock Australia’s potential as a major green ammonia producer and exporter."

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