The Australian-South Korean consortium is actively promoting a large-scale green hydrogen and ammonia export project in Western Australia, which has reached a preliminary agreement with the local government. The project, co-constructed by Australia's Progressive Green Solutions (PGS), South Korea's state-owned utility Korean Midland Power Co (Komipo) and Samsung, is located in the Narngulu Industrial Zone in Western Australia. Located in the seaside town of Geraldton, 400km north of Perth.
It is reported that the project is expected to cost 10 billion yuan ( $1.5 billion) , and it is uncertain whether the amount will be calculated in Australian dollars or US dollars. The project will include 4GW of renewable energy generation facilities, possibly using wind turbines from Enercon, a German wind power equipment manufacturer, in partnership with PGS, as well as an undisclosed size of electrolyzers from suppliers in the United States.
The project plans to start exporting to South Korea from 2027 to help the country meet its decarbonization targets for power generation assets, with state-owned utility Komipo expected to buy some or all of the product. James Rhee, managing director
of PGS, said the project is expected to make a final investment decision in 2024, start producing 200,000 tons of hydrogen in 2027 and export green ammonia in 2029. Once the project is realized, the annual output of green ammonia is expected to reach 1 million tons. The excellent wind energy resources
in Geraldton area, with wind speed of about 7-8 meters per second, provide strong support for the sustainable development of the project.
At present, the two sides have entered an exclusive negotiation period to finalize the final deal. Western Australia Energy Minister Bill Johnston said Western Australia has the land, infrastructure and technology to deliver large-scale renewable hydrogen and green ammonia projects. The region's abundant renewable energy resources have attracted significant global interest and investment from markets such as South Korea, Japan and Europe. While
Korea Electric Power (Kepco) is already involved in the $100 billion Western Green Energy Hub project with a capacity of 3.5 million tons, Komipo and Samsung are now the second Korean companies to seek green hydrogen and ammonia investment in Western Australia.
The Western Australian government also plans to build a hydrogen energy center in the Oakajee Strategic Industrial Zone north of Geraldton, where Fortescue has been allocated land. BP and Copenhagen Infrastructure Partners will also be involved. The Western Australian government hopes to attract more investment through this project and help achieve the development goal of green energy.
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