Korean giants’ $20b hydrogen plan for Qld’s coal heartland

According to The Australian Financial Review, giant Korean conglomerates Hanwha and SK Group have joined Korea Zinc in a proposed $20 billion-plus green hydrogen project in Queensland, paving the way for a flow of green energy exports between Australia and Korea by 2032 that would gradually replace trade currently dominated by coal and gas.
The Hanguk-Hoju consortium, meaning Korea-Australia, aims to establish a supply chain between the two countries using the partners’ expertise to set up a corridor for deliveries of green ammonia, used in power generation and industries such as fertiliser production.
Renewable energy generated from the operations of Korea Zinc’s Australian subsidiary Ark Energy in Queensland’s coal heartland in the Bowen Basin will be used to produce carbon-free hydrogen that will be converted to ammonia for shipping.
The venture aims to export more than 1 million tonnes of green ammonia a year to Korea by the 2032 target date. That will start to rebalance the $10 billion trade between Queensland and Korea, where coal and LNG are key exports, towards clean energy.

https://www.afr.com/companies/energy/korean-giants-20b-hydrogen-plan-for-qld-s-coal-heartland-20220921-p5bjpo