Four 40,000-ton ammonia storage tanks and two 50,000-ton ships can both dock at the hydrogen (ammonia) pier, which will be constructed on the water in front of Gagok-ri, Songsan-myeon, with an estimated 450 billion won in private development spending from 2024 to 2030.
In an effort to transition to a fuel source that is less polluting than oil and gas, a group of western states, including New Mexico, are trying to develop hydrogen energy and are seeking federal funding.
For climate change initiatives in six regions, the Netherlands will receive 623 million euros in European subsidies.
In order to create hydrogen-powered ships and port applications for the European market, renewable energy startup e1 Marine has signed a Memorandum of Understanding (MoU) with naval design and engineering experts NAVTEK.
PitchBook data reveals that the amount of private financing flowing into startups and established businesses involved in the expanding hydrogen economy has never been higher.
Shell intends to produce hydrogen using power from small nuclear power stations.
With the signing of a Memorandum of Cooperation (MoC) to encourage innovation and create a global hydrogen market, the EU and Japan have strengthened their cooperation on hydrogen.
With FID in the second quarter of 2023, ATOME Energy will increase the size of the first green ammonia plant in Paraguay.
Fuel costs rose in 2022, increasing the government’s ambition for efficiency. As a result, many significant policies, spending pledges, and public campaigns were introduced.
The POSCO Group will make a sizable investment in Australia totaling 52 trillion won by 2040.
