News Room - Business/Economics

Posted on 13 Jul 2023

South Korea’s KEPCO to join Australian green hydrogen hub

The Western Green Energy Hub (WGEH) has partnered with Korea Electric Power Corporation (KEPCO) to develop the planned hydrogen hub in southeast Western Australia, Kallanish reports.

The South Korean state-owned power utility and WGEH developers have signed an MOU to jointly develop the project, WGEH says in a statement on Wednesday. One of Australia’s largest proposed green hydrogen hubs, the facility in Mirning Country is expected to produce 3.5 million tonnes/year of green hydrogen at full capacity.

WGEH constitutes InterContinental Energy, Mirning Green Energy Limited and CWP Global. The consortium aims to partner with local and regional communities, especially the Mirning Peoples, who are the traditional custodians of the land on which the project will be built. The project is planned to supply green hydrogen to both domestic and international customers, including South Korea. 

Ray Macdonald, the ceo of WGEH, notes that the partnership with the Korean power giant is “invaluable” for the “large and complex” WGEH project. The partnership further recognises future opportunities, the executive adds.

“This includes the present update of the Australian Government national hydrogen strategy and the opportunity for priority promotion of regional development, indigenous participation, and a new green export industry for Australia,” Macdonald explains.

Spread across 15,000 square kilometres, WGEH’s green hydrogen project will require around 3,000 wind turbines and 25 million solar panel modules. While the construction schedule is unclear, it is expected to take roughly 20 years and generate thousands of jobs, according to a statement by the government of Western Australia. 

“This is an exciting project for Western Australia and will put our state on the forefront of producing green hydrogen, making it competitive on a worldwide scale,” says Western Australia’s hydrogen industry minister Bill Johnston.

Source:Kallanish