Australian energy major Woodside has signed a non-binding memorandum of understanding (MoU) with SK E&S, a part of South Korean conglomerate SK Group, to enable studies on the potential development of a lower-carbon hydrogen value chain, including hydrogen, ammonia and other related products.
According to Woodside, under the MoU, the two parties plan to jointly explore opportunities relating to long-term ammonia and hydrogen offtake arrangements, equity participation in ammonia and hydrogen production projects and project engineering supply opportunities.
In addition, the companies will consider existing and proposed government policies of South Korea and Australia that could help facilitate lower-carbon hydrogen value chain development, Woodside noted.
Shaun Gregory, Woodside Executive Vice President New Energy, said the MoU reflects the increasing demand for large-scale decarbonized energy solutions such as…
