SK Secures Land for $15 Billion Canadian Green Hydrogen Project
- Approval allows SK to expand the project to the final phase
- Korean firm bought a 20% stake in May to help develop project
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The renewable energy unit of South Korea’s SK Inc. secured a site required to develop a $15 billion green hydrogen project in Canada that’s set to be one of the world’s biggest.
SK ecoplant Co. received approval to use 1,078 square kilometers (670 square miles) of Canada’s state-owned property, known as Crown Land, to harness wind energy to develop the green fuel, it said in a statement. Once the project reaches its final phase, it will convert green hydrogen into 1.08 million tons of green ammonia per year from the eastern province of Newfoundland and Labrador, SK said.