Singapore's Keppel signs deals to ramp up green hydrogen, ammonia output (updated)
26/05/2023 02:00
(Updates with details on deals)
May 26 (Reuters) - Singapore's Keppel Corp KPLM.SI
said on Friday it has signed two deals to intensify its efforts
in the development of green hydrogen and ammonia production for
use in Australia and export to Asia.
The Singaporean conglomerate has signed up to join the
Central Queensland hydrogen (CQ-H2) project consortium, which is
developing a hydrogen production facility, among other related
infrastructure.
The CQ-H2 project is one of Australia's largest green
hydrogen projects and the consortium comprises of Japan's
Iwatani Corp 8088.T , Kansai Electric Power 9503.T and
Marubeni Corp 8002.T , among others, the company said.
Keppel said it has also signed a memorandum of
understanding with Australia's Incitec Pivot IPL.AX to help
leverage the accessibility of large-scale reliable green
hydrogen supply from the CQ-H2 project.
The MoU is to explore the development of a green ammonia
production facility in Queensland, Australia for both domestic
and overseas consumption, including an end-to-end export supply
chain to Singapore and Asia, Keppel said.
(Reporting by Riya Sharma in Bengaluru; Editing by Sherry
Jacob-Phillips and Shailesh Kuber)
((Riya.Sharma@thomsonreuters.com;))