GS Energy to import 200,000 tons of 'blue ammonia'GS Energy will bring 200,000 tons of “blue” ammonia into Korea from Abu Dhabi as part of a large ammonia production project in the capital of the United Arab Emirates (UAE).
Blue ammonia is a term for ammonia produced in a more eco-friendly way: carbon dioxide emitted during its manufacturing process is captured and stored.
GS Energy owns a 10 percent stake in the UAE project, which includes developing a blue ammonia manufacturing plant in Abu Dhabi and capturing carbon dioxide emitted in its production.
The plant is scheduled for operation in 2025 and will be able to produce 1 million tons of blue ammonia per year.
UAE’s state-owned Abu Dhabi National Oil Company (Adnoc) owns 80 percent of the project and Japan’s logistics company Mitsui owns 10 percent.
GS Energy said it gained the right to use 200,000 tons of blue ammonia produced. It will be used as fuel for its power plants or go through a cracking process to be made into hydrogen, according to the company.
Using ammonia as a source of hydrogen is a growing idea. Transporting ammonia is cheaper than transporting hydrogen, either in gaseous or liquefied form.
GS Energy says cracking 200,000 tons of ammonia results in 30,000 tons of hydrogen, enough to power 75,000 units of Hyundai Motor’s fuel cell electric vehicle Nexo to run 40,000 kilometers.
“Bringing in blue ammonia by participating in UAE’s ammonia project will be a milestone for Korea and the world, which is pushing for net zero emissions of carbon,” Huh Yong-soo, CEO of GS Energy said Tuesday.
“GS Energy will continue to explore various business opportunities with global companies and contribute to Korea’s energy business.”
BY JIN EUN-SOO [email@example.com]