SEOUL– 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.
Source: Yonhap News Agency