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POSCO Holdings signs MOU with India's Greenko over hydrogen biz

All News 15:08 September 01, 2022

SEOUL, Sept. 1 (Yonhap) -- POSCO Holdings Co., the largest steelmaker in South Korea, said Thursday it has signed a memorandum of understanding with India's Greenko to produce so-called green hydrogen.

Under the deal, the two will launch a project to produce green hydrogen and ammonia in India by using renewable energy.

The two companies will launch a feasibility study on the project soon.

Greenko is India's second-largest renewable energy firm in India, with a slew of sovereign wealth funds, such as the Abu Dhabi Investment Authority, investing in the company.

The company logo of POSCO Holdings Inc. (NOT FOR SALE) (Yonhap)

The company logo of POSCO Holdings Inc. (NOT FOR SALE) (Yonhap)

sam@yna.co.kr
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