Low-Carbon Hydrogen¡¤Ammonia Project
Background of the project
Ammonia is easy to store and transport by liquid phase because of similar properties to LPG, and it can be used not only as a hydrogen carrier but also as a low-carbon fuel. For this reason, low-carbon ammonia is expected to play a key role in achieving the goal of Net-Zero and realizing the Hydrogen Economy.
Where are we now?
Along with a new vision,¡ºGlobal energy company leading Energy Security and Net-Zero¡», KNOC is promoting to import, stockpile and distribute low-carbon hydrogen¡¤ammonia utilizing their E&P and oil stockpiling&distribution business capabilities.
- Securing overseas suppliers utilizing networks with major oil&hydrogen producing countries.
- Securing overseas production fields utilizing E&P business capabilities.
- Constructing hub terminals and stockpiles utilizing oil stockpiling and distribution business capabilities.
Project outline
Kind |
Content |
Project |
Construction of clean ammonia infrastructure and oversea production project |
Capacity |
[Domestic Infrastructure] Construction of terminals for clean ammonia 1million ton/year
[Oversea production] Clean ammonia production for 800K ton/year
|
Duration |
[Domestic Infrastructure] '22~'27(Construction), '28~(Operation)
[Oversea production] '22~'27(Construction), '28~(Operation)
|
[MOU "A strategic partnership for clean hydrogen and ammonia development"(¡®22.01)]