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Three South Korean companies have signed an agreement to build a $1 billion green hydrogen and ammonia production plant in the United Arab Emirates, their UAE partner said on Friday. The attractiveness of green hydrogen has increased recently due to the fact it passes water through an engine to produce renewable energy and decrease greenhouse gas emissions. The plant is expected to be built near Abu Dhabi and is in accordance with UAE’s initiative to reduce reliance on oil and gas sectors.

South Korean companies to build $1 billion green hydrogen plant in UAE

< 1 minute read

Three South Korean companies have signed an agreement to build a $1 billion green hydrogen and ammonia production plant in the United Arab Emirates, their UAE partner said on Friday. The attractiveness of green hydrogen has increased recently due to the fact it passes water through an engine to produce renewable energy and decrease greenhouse gas emissions. The plant is expected to be built near Abu Dhabi and is in accordance with UAE’s initiative to reduce reliance on oil and gas sectors.

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