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19 Jul
14:56

ACWA Power, POSCO jointly develop green hydrogen

Diversified Saudi Arabian company ACWA Power has signed a memorandum of understanding with South Korea's POSCO Holdings to develop green hydrogen tech to decarbonise POSCO's power generation and steel manufacturing processes, Kallanish learns. Green hydrogen and ammonia produced by the partners through new greenfield investments will support POSCO Group’s target to produce 500,000 tonnes of hydrogen globally by 2030. POSCO's output will be used f…
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