Ark Energy has commissioned Thyssenkrupp Uhde to conduct a feasibility study. The engineering company will conduct its study on the Han-Ho H2 Hub project. The study includes a techno-economic analysis of the power-to-ammonia value chain.
Under the project title Han-Ho H2 Hub, Australian company Ark Energy is conducting a feasibility study on the transportation of green ammonia between Australia and South Korea. Green ammonia will be produced in Queensland, Australia, and transported to South Korea. By 2030, South Korea wants to purchase more than one ton of green ammonia per year.
The aim of the study is to evaluate the impact of various factors on the overall economic viability of the green ammonia plant. In addition, various scenarios will be investigated to identify the best plant concept. The team will use the RHAMFS method developed by Thyssenkrupp.
Thyssenkrupp Uhde will also provide technology, engineering and integration expertise for the green ammonia plan. The study will enable the Han-Ho H2 consortium to proceed through further economically and legally relevant phases of the project.
"Green energy supply chain"
"At Thyssenkrupp Uhde we are making an important contribution to the green transformation with our technologies," said Thore Lohmann, Executive Director Fertilizer & Methanol at Thyssenkrupp Uhde. "With new partnerships like this one with Ark Energy, we are creating a solid basis for this pioneering green energy project and taking an important step towards climate-friendly production of green ammonia."
Daniel Kim, Chief Executive Officer of Ark Energy, said, "The consortium's common goal is to build a green energy supply chain that will export up to 1.8 million tons of green ammonia from Australia to Korea by 2030. We are pleased to have Thyssenkrupp Uhde on board, a proven partner with 90 years of experience and over 130 plants worldwide. We have greatly appreciated Thyssenkrupp Uhde's contribution during the concept phase of our Han-Ho H2 hub and look forward to working even more closely with the company during the feasibility study for our landmark project."