A group led by South Korean steelmaker POSCO Group has won a deal to build a $6.7bn green hydrogen plant in Duqm, Oman.
The consortium is made up of POSCO, Engie, Samsung Engineering, PTT Exploration & Production, and two Korean state utilities. The group aim to use hydrogen from the plant to produce carbon-neutral steel, which a pilot project at Pohang steel factory due to start in 2026.
The World Bank has predicted that conflict in the Middle East could lead to a dramatic spike in oil prices, which is linked to increases in food prices - however it's argued that the forecasts do not take into account the ability of energy storage to meet demand
US offshore wind is beset by economic challenges, but this shouldn’t blind the sector to the potential for incorporating green hydrogen production into project plans
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