Qatar and South Korea to partner on renewables and clean hydrogen
Qatar and South Korea to partner on renewables and clean hydrogen: Qatar's Minister of State for Energy Affairs Saad Al Kaabi met with South Korea's Industry Minister Bang Moon-kyu yesterday in Seoul to discuss potential development and knowledge transfer agreements in the renewable energy and green hydrogen sectors, according to South Korea’s news agency Yonhap.
REMEMBER- Qatar plans to slash 25% of its greenhouse gas emissions by 2030 compared to 2019 levels, plans to setup the world’s largest blue ammonia plant with ThyssenKrupp and Consolidated Contractors Company which is set to produce 1.2 mn tons ammonia of low-carbon fuels annually once operational by 1Q 2026, and South Korea has set a target to have renewables account for approximately 21.6% of its energy mix by 2030, with plans to later up the capacity to 30.6% of electricity volume by 2036 under plans to become net-zero by 2050. A consortium led by South Korea’s steelmaking company Posco Group was also awarded in June a USD 6.7 bn contract to set up what was described at the time as the world’s largest green hydrogen plant in Oman’s Duqm.