UAE Business: Engie, Posco to target green hydrogen production in Mideast – Gulf Digital News

UAE Business: Engie, Posco to target green hydrogen production in Mideast – Gulf Digital News

Global low carbon energy company Engie has signed an agreement with Posco, a world-leading South Korean steel-manufacturer, to explore joint development opportunities for green hydrogen production and related infrastructure in the Middle East, Australia and Latin America. 

Under the MoU, Engie will leverage its existing industrial-scale renewable hydrogen value-chain experience to support Posco’s hydrogen production. 

It sets to support Posco’s objective of securing a steady, competitively priced supply of green hydrogen, enabling its transition to green steelmaking and to participation in green hydrogen economy, said Frederic Claux, Thermal & Supply Managing Director for Asia, Middle East and Africa at Engie, after signing the deal with Byeong-Og Yoo, Head of Green Materials & Energy Business Team and Senior Executive Vice President at Posco.

The agreement supports Engie’s ambition to achieve net-zero carbon by 2045, and Posco’s ambition to realize a green hydrogen base in their steel business by 2050 and become a leader in the age of post-carbon hydrogen in steel-making, fostering the growth of hydrogen ecosystem across the entire value chain, he added. 

Claux said as this new strategic alliance with Posco demonstrates, the steel industry is embracing the transition to net-zero as leaders around the world seek