□ A guide to the green ammonia industry

● Green ammonia (green NH3), a compound produced using 100% renewable energy with zero greenhouse emissions, contributes to securing and distributing hydrogen energy.

● The green ammonia industry encompasses the production and distribution of green ammonia and the diversification of related derivative industries involving green hydrogen, fuel cells, smart farms, cold chains, and agriculture and life sciences. 

○ The green ammonia industry is judged to be integral in facilitating a transition to eco-friendly energy for the 2050 carbon neutrality goal, achieving energy independence, enhancing the economic feasibility of key industries, and securing growth engines in response to the industrial paradigm shift.

□ Advantages of Jeonbuk State becoming a green ammonia industrial hub

● Jeonbuk State can seize the opportunity to become a green ammonia hub in a timely manner by creating a Saemangeum renewable energy cluster, redesigning the Saemangeum master plan, embracing future industry trends, and leveraging its special cases and autonomy.

○ (Enhancing global industry competitiveness) Jeonbuk State can effectively navigate environmental issues, such as RE100 and carbon border taxes, and create a green ammonia industrial ecosystem to lay the foundation for future key industries and enhance competitiveness. 

○ (Creating virtuous cycle effects of attracting companies and creating jobs) Jeonbuk State can benefit from the virtuous cycle effects of attracting anchor companies in various industries and creating jobs through industry-wide carbon-free certification. 

○ (Serving as crucial foothold for energy security) As a crucial foothold for national energy security, Jeonbuk State can take the initiative to produce, import, store, and supply eco-friendly energy, an important part of the energy mix.

□ Strategies and tasks for Jeonbuk State to become a green ammonia industrial hub

● A three-stage development strategy is proposed for a prospective green ammonia industrial hub: green ammonia import stage → production/import stage → self-reliance stage

○ (First stage: Green ammonia is imported into regions considered suitable for renewable energy production) In this stage, a green ammonia industrial ecosystem is introduced while the green ammonia industry is reviewed and relevant promotion strategies are developed.

○ (Second stage: Green ammonia is produced and imported in tandem) In this stage, domestic production facilities are added to the first stage, laying the foundation for the growth of the green ammonia industrial ecosystem.

○ (Third stage: Energy independence is achieved) In this stage, Korea’s energy mix needs are met, and the green ammonia industry contributes to both national and local economies.

● For seamless strategy implementation, Jeonbuk State is advised to analyze the green ammonia industry and its economic feasibility, spearhead task force operations centered on the green ammonia industrial ecosystem, and attract relevant anchor companies.

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