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I Signed major transaction terms and conditions with CF Industries and JDA at the H2 MEET 2023 site on the 14th
To Produce Louisiana Ammonia Pjt. Promote detailed plan and budget review… In the future, it will be domestically transported and supplied to hydrogen reduction steel production and hydrogen co-generation power generation.
I CO2 emissions can be reduced by more than 90% compared to existing ammonia production methods, and it also actively responds to the US IRA
POSCO Holdings is pursuing a business collaboration with CF Industries, the world’s largest ammonia producer, to produce blue ammonia in the United States.
* Blue ammonia: Ammonia made from blue hydrogen by removing carbon dioxide through CCS (Carbon Capture and Storage) technology
On the 14th, POSCO Holdings signed a JDA (Joint Development Agreement) term sheet with CF Industries at KINTEX in Ilsan, where ‘H2 MEET 2023’ is being held, to promote the blue ammonia business in Louisiana, USA.
CF Industries owns large-scale ammonia production plants in the United States and Canada, with annual ammonia production reaching 9 million tons.
Both companies intend to review the specific plan and budget of the blue ammonia production project based on the terms and conditions of the main transaction.
The Louisiana Blue Ammonia Project, based on ATR technology and CCS technology, is expected to be able to dramatically reduce carbon dioxide emissions by more than 90% compared to existing ammonia production methods, and will also benefit from subsidies under Act US Inflation Reduction ( IRA).
* ATR (Auto-Thermal Reforming): An eco-friendly manufacturing technology that produces hydrogen using self-generated heat through oxygen injection, unlike existing technologies that produce hydrogen by burning natural gas.
POSCO Holdings plans to ship ammonia produced from the Louisiana project to Korea in the future, convert it to hydrogen, and use it for hydrogen reduction steel production and hydrogen cogeneration.
“The United States is one of POSCO Group’s core strategic countries, pursuing an economical and stable global hydrogen/ammonia supply chain,” said Yoo Byeong-ok, Vice President and General Manager of Eco-Friendly Materials for r Future at POSCO Holdings “We will also consider participating in the clean mixed combustion bidding market,” he said.
POSCO Group is developing various green and blue hydrogen projects focusing on strategic countries with excellent renewable energy infrastructure, such as Australia, the Middle East, and North America, in order to achieve carbon neutrality and establish a 7 million ton hydrogen production system by 2050.
Meanwhile, POSCO Holdings signed a comprehensive Memorandum of Understanding on green hydrogen business and low-carbon solution cooperation with a number of domestic and foreign partners, including Argentina’s YPF Group, Thailand’s PTTEP, and Korea Southeast Power, on the 13th and the 14th.
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I Signed major transaction terms and conditions with CF Industries and JDA at the H2 MEET 2023 site on the 14th
To Produce Louisiana Ammonia Pjt. Promote detailed plan and budget review… In the future, it will be domestically transported and supplied to hydrogen reduction steel production and hydrogen co-generation power generation.
I CO2 emissions can be reduced by more than 90% compared to existing ammonia production methods, and it also actively responds to the US IRA
POSCO Holdings is pursuing a business collaboration with CF Industries, the world’s largest ammonia producer, to produce blue ammonia in the United States.
* Blue ammonia: Ammonia made from blue hydrogen by removing carbon dioxide through CCS (Carbon Capture and Storage) technology
On the 14th, POSCO Holdings signed a JDA (Joint Development Agreement) term sheet with CF Industries at KINTEX in Ilsan, where ‘H2 MEET 2023’ is being held, to promote the blue ammonia business in Louisiana, USA.
CF Industries owns large-scale ammonia production plants in the United States and Canada, with annual ammonia production reaching 9 million tons.
Both companies intend to review the specific plan and budget of the blue ammonia production project based on the terms and conditions of the main transaction.
The Louisiana Blue Ammonia Project, based on ATR technology and CCS technology, is expected to be able to dramatically reduce carbon dioxide emissions by more than 90% compared to existing ammonia production methods, and will also benefit from subsidies under Act US Inflation Reduction ( IRA).
* ATR (Auto-Thermal Reforming): An eco-friendly manufacturing technology that produces hydrogen using self-generated heat through oxygen injection, unlike existing technologies that produce hydrogen by burning natural gas.
POSCO Holdings plans to ship ammonia produced from the Louisiana project to Korea in the future, convert it to hydrogen, and use it for hydrogen reduction steel production and hydrogen cogeneration.
“The United States is one of POSCO Group’s core strategic countries, pursuing an economical and stable global hydrogen/ammonia supply chain,” said Yoo Byeong-ok, Vice President and General Manager of Eco-Friendly Materials for r Future at POSCO Holdings “We will also consider participating in the clean mixed combustion bidding market,” he said.
POSCO Group is developing various green and blue hydrogen projects focusing on strategic countries with excellent renewable energy infrastructure, such as Australia, the Middle East, and North America, in order to achieve carbon neutrality and establish a 7 million ton hydrogen production system by 2050.
Meanwhile, POSCO Holdings signed a comprehensive Memorandum of Understanding on green hydrogen business and low-carbon solution cooperation with a number of domestic and foreign partners, including Argentina’s YPF Group, Thailand’s PTTEP, and Korea Southeast Power, on the 13th and the 14th.
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