The facility will provide locally produced and imported green hydrogen for South Korea and help advance the country’s plans to transition to a clean energy economy, where hydrogen will account for 33% of energy consumption and 23.8% of power generation by 2050.
It will be powered by 100% renewable wind energy sourced from the 1.5GW Chujin Offshore Wind Farm which Elenergy is also currently developing.
Jacobs will conduct a green hydrogen market analysis and technology review, develop the conceptual design and conduct business case assessment for setting up a green hydrogen production facility.
Keith Lawson, Jacobs’ People & Places Solutions Senior Vice President and General Manager Asia Pacific & Middle East, said, “South Korea is moving at speed and scale to develop the infrastructure, technology and solutions to transition to a hydrogen economy.”
The project will draw on Jacobs’ solutions and advisory capability in Singapore as well as global hydrogen and multi-disciplinary capabilities from the UK, Australia, Philippines and India.
Elenergy Executive Director Seung Han said, “We believe that shaping the schematic concept of this study will lead to defining key factors, which will be the gateway to consolidate potentially the first and largest green hydrogen production project not only in Korea but also in Asia.”
POSCO Holdings recently announced it will cooperate with Samsung Engineering, Lotte Chemical, Malaysian Sarawak Economic Development Corporation Energy, and Malaysian Sarawak Energy for Green Hydrogen Business for Sarawak’s green H2 business.
Green hydrogen produced from the Sarawak project will amount to 200,000 tonnes. While 7,000 will be used in Malaysia, the rest will be transported to Korea in the form of ammonia, which is expected to help the country developed its national hydrogen economy.