Korea Zinc Accelerates Decarbonization, Acquires Australian Green Energy Firm
- December 23, 2021
- Posted by: Quatro Strategies
- Category: Cleantech
The South Korean zinc giant Korea Zinc’s Australian clean energy arm Ark Energy said it will acquire Epuron Holdings, an Australian wind and solar energy developer, to help decarbonize its zinc production processes and to power green hydrogen production. The portfolio of Epuron’s sites has 4.8 GW capacity.
The companies did not disclose the acquisition price.
Korea Zinc established Ark Energy this year to decarbonize its energy supply. The Korean company aims to be the world’s top green hydrogen producer. The company eventually wants to deliver green hydrogen from Australia to South Korea.
Hydrogen is considered as an important green energy source for sectors that can’t be electrified, like metals processing, heavy transport and shipping.
Epuron’s projects, if all are fully developed, have the potential to supply all the energy needed to power up to 4GW of electrolyzers. That would be enough hydrogen for Ark to deliver to Korea Zinc.
The projects could begin construction in 2023, and begin operating in 2025, Ark says.
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