Posco and Doosan Heavy Industries & Construction will jointly develop ammonia hydrogen extraction technology and the gas turbines that use the hydrogen as fuel.
Under the memorandum of understanding signed online by the two companies and the Research Institute of Industrial Science & Technology (RIST), Posco will produce and supply ammonia while developing the cracker to dismantle ammonia into hydrogen and nitrogen to be used for gas turbines.
Doosan will develop and produce the gas combustion burner for the cracking process and the hydrogen-powered gas turbine.
RIST is working on expanding large-capacity ammonia hydrogen extraction to a commercial-grade process.
The development of ammonia-derived fuel is part of the companies’ efforts to utilize eco-friendly energy sources, as ammonia use does not emit any carbon dioxide.


Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants
Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness
U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss
Oil Prices Rise on Venezuela Sanctions and Nigeria Airstrikes Despite Annual Losses
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions
Russian Stocks End Lower as Energy and Mining Shares Weigh on MOEX Index
Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy 



