Korean power company KOMIPO and Perth-based PGS sign MoU for Midwest green ammonia project

An agreement to launch a green ammonia export project in the Mid West, in collaboration with a Korean industrial giant, has been signed, while another Korean company has expressed interest in the deal.

A memorandum of understanding was signed between Perth-based Progressive Green Solutions (PGS) and Korea Midland Power (KOMIPO), part of the state-owned Korea Electric Company, with Samsung C&T, part of the famous conglomerate, also exploring involvement.

The project is expected to see around 1 million tonnes of green ammonia exported, and will be powered completely by renewable energy.

The project is still in the early stages, with production expected to begin in 2027, and the first exports expected to be sent in 2028.

PGS managing director James Rhee said the backing of a massive company such as KOMIPO gave him great confidence that the project will be a success.

“These are serious partners,” he said.

“We are quite positive and committed to the project.”

Attending the signing was Hydrogen Industry Minister Alannah MacTiernan, who stated the deal was another example of how Western Australia was adapting to the global green economy.

“Fantastic to see another hydrogen project take shape in Western Australia, after witnessing the MOU between Korean energy company KOMIPO and Perth-based PGS for a green ammonia export project in the Mid-West,” she said.

Construction is expected to require 1200 workers with 250 permanent employees on site afterwards.

The consortium is expected to survey the region over the next year.

Due to confidentiality, the exact location of the project could not be provided, but land agreements are expected to be managed in the upcoming months.