• Oli Capital

ACWA and POSCO to explore green H2 and NH4 production

ACWA Power, the prominent Saudi based developer and operator of power generation, has signed a memorandum of understanding with POSCO Holdings, the holding company of South Korea’s POSCO Group.

The agreement will involve the joint development of green hydrogen and its derivatives such as green ammonia, to decarbonise POSCO Group’s power generation, and its steel manufacturing processes, along serving other Korean clients of POSCO Group.


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