A group led by South Korean steelmaker POSCO Group has won a deal to build a $6.7bn green hydrogen plant in Duqm, Oman.
The consortium is made up of POSCO, Engie, Samsung Engineering, PTT Exploration & Production, and two Korean state utilities. The group aim to use hydrogen from the plant to produce carbon-neutral steel, which a pilot project at Pohang steel factory due to start in 2026.
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