South Korean-Australian Consortium Develops Clean Energy Project in Perth Basin
Key Ideas
- A consortium of South Korean energy leaders, led by Korea Southern Power Co and including Pilot Energy, is developing the Mid West Clean Energy Project in Western Australia's Perth Basin.
- The project aims to produce blue ammonia for hydrogen co-firing in coal-fired power plants in Korea, representing a move towards cleaner energy solutions.
- Repurposing the former Cliff Head oil well into a carbon capture and storage facility is part of the initiative, with plans to store liquefied carbon emissions from Western Australian industrial sources.
- The consortium is targeting a 20% ammonia and 80% coal fuel blend for use at KOSPO's Samcheok thermal power plant in Korea, with the goal of reducing emissions while maintaining energy output.
A consortium of leading South Korean energy companies, with Korea Southern Power Co at the forefront, has partnered with Australia's Pilot Energy to embark on the Mid West Clean Energy Project in Western Australia's Perth Basin. The primary objective of the project is to produce blue ammonia for hydrogen co-firing in coal-fired power plants in Korea, indicating a significant shift towards cleaner energy solutions. As part of this endeavor, the former Cliff Head oil well in the Perth Basin will be repurposed into a carbon capture and storage (CCS) facility, where liquefied carbon emissions from local industrial sources will be stored. This move not only contributes to environmental sustainability but also opens up a new revenue stream through carbon storage services. The consortium, comprising Korea Southern Power, Korea East-West Power, Samsung C&T, and hydrogen producer Approtium, is focusing on a fuel blend of 20% ammonia and 80% coal to be used at KOSPO's Samcheok thermal power plant in Gangwon-Do, Korea, with the aim of reducing emissions while ensuring energy output. Recently, the consortium and Pilot Energy have signed a non-binding project framework agreement to progress the initiative, with key milestones including the completion of a front-end engineering design request by March 15 and finalizing ownership stakes, ammonia offtake arrangements, and a final investment decision by mid-2024. The agreement sets ambitious targets to commence FEED work by August 1, subject to the execution of a binding agreement by June 30.
Topics
Oceania
Clean Energy
Partnership
Project Development
Carbon Capture
Ammonia Production
Energy Industry
Carbon Storage
Coal-fired Power Plants
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