Samsung Engineering signed an MOU to develop a green hydrogen and ammonia project with Lotte Chemical, POSCO and SEDC Energy SDN.

The Sarawak H2biscus Green Hydrogen/Ammonia Project (H2biscus Project) will be located in Bintulu, Sarawak State, Malaysia. The signing ceremony, which was held in a non-face-to-face virtual format, was attended by senior executives from each company. The H2biscus Project is aimed to converting hydropower and natural gas to green hydrogen/methanol and blue hydrogen and for the conversion of hydrogen to ammonia, aiming to supply hydrogen and ammonia to Korea and Sarawak. Based on the results of the pre-feasibility study conducted in 2021, the project is expected to produce 7,000 tpy of green hydrogen for Sarawak’s local use, 600,000 tpy of blue ammonia, 630,000 tpy of green ammonia and 460,000 tpy of green methanol.

Samsung Engineering, Lotte Chemical, POSCO and SEDC Energy will be taking an active role in developing the entire cycle of the project including direct investment, construction, transportation and utilization. The feasibility study is planned to be verified by this month through an in-depth technology, legal, financial, tax, and market analysis. After the Feasibility Study, Pre-FEED and FEED are completed, the EPC work will be implemented for the H2biscus Project.

“The H2biscus Project brings the opportunity to produce a wide range of eco-friendly products, such as green hydrogen, green and blue ammonia, green methanol and CCU," Sungan Choi, President and CEO of Samsung Engineering, said. "The project will serve as an exemplary project of international standing for renewable energy trading and hydrogen transportation between Korea and Malaysia, establishing hydrogen-related standards for the two countries."