Glenfarne Energy and Samsung Engineering to Work Together on Green Hydrogen and Ammonia Projects in Chile
Samsung Engineering and Glenfarne Energy Transition Collaborate on Green Hydrogen and Ammonia Projects in Chile
Samsung Engineering and Glenfarne Energy Transition, LLC have entered into a collaboration agreement for green hydrogen and ammonia projects in Chile. This partnership aims to address the global energy transition through Glenfarne Energy Transition's core businesses: Global LNG Solutions, Renewables, and Grid Stability.
Under this collaboration, Samsung Engineering will provide optimal solutions based on its technologies for green hydrogen and ammonia initiatives. The South Korean conglomerate, known for its expertise in diverse industries, is expanding its value chain to operate green infrastructure and green solution businesses.
The first project under this agreement is Green Pegasus, which is estimated to produce 459 kton of green ammonia and 89 kton of green hydrogen annually. Green Pegasus will primarily focus on export to Asia, particularly South Korea, and Europe. The project will feature up to 2 GW of solar PV installed capacity.
Glenfarne Energy Transition, a wholly owned subsidiary of Glenfarne Group, has offices in New York City, Houston, Dallas, Panama City, Santiago, Bogota, Barcelona, and Seoul. Brendan Duval, CEO and Founder of Glenfarne Energy Transition, LLC, expressed excitement about the collaboration.
Samsung Engineering offers professional services across the entire project cycle, from feasibility studies to maintenance & operation. The company has completed over 1,000 projects worldwide and is one of the world's leading EPC&PM companies. Samsung Engineering also has expertise in eco-friendly businesses, including water treatment facilities and incinerators.
Hydrogen-based fuels generate little to no greenhouse gas emissions and have a wide variety of applications across different industries. This collaboration is part of Glenfarne's Hydrogen Fuels Initiative, which seeks to leverage hydrogen as a clean and sustainable energy source.
The collaboration between Glenfarne Energy Transition and Samsung Engineering is expected to contribute significantly to the global effort to combat climate change and accelerate the energy transition.
- This collaboration between Samsung Engineering and Glenfarne Energy Transition focuses on green hydrogen and ammonia projects, aligning with Glenfarne's core businesses like Global LNG Solutions, Renewables, and Grid Stability.
- To address climate-change and accelerate the energy transition, green hydrogen and ammonia initiatives will utilize Samsung Engineering's technologies, an expansion of their value chain into green infrastructure and green solution businesses.
- The initial project under this agreement, Green Pegasus, plans to generate 459 kton of green ammonia and 89 kton of green hydrogen annually, with a primary focus on export to Asia and Europe, including South Korea.
- Green Pegasus will feature an installed solar PV capacity of up to 2 GW, demonstrating the commitment to renewable energy and environmental-science.
- The industry leaders TVMSglenfarne Energy Transition and Samsung Engineering bring their respective expertise in finance, business, technology, and professional services to the table, striving for a sustainable future.
- In addition to powering various industries, hydrogen-based fuels from this collaboration generate minimal greenhouse gas emissions, making them a critical component in the battle against climate-change and the pursuit of a cleaner, greener energy future.
