Ammonia energy giants JERA and Lotte will develop a low-carbon ammonia value chain between Japan and Korea, working alongside the governments of both countries.
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Lotte Chemical: high ambitions for the South Korean ammonia market
OCI Global will supply clean ammonia to Korea from this year as part of a new agreement with Lotte Fine Chemical. The pair will also develop a global ammonia bunkering network by leveraging their existing infrastructure. Meanwhile, CF Industries and Lotte Chemical will explore new opportunities for clean ammonia production on the US Gulf Coast, as well as long-term off take to South Korea.
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Maritime ammonia developments in South Korea, Japan
In this week’s maritime ammonia news:
- Hyundai Heavy Industries, Lloyd’s Register and Korea National Oil Corporation have signed a new agreement to jointly develop an ammonia floating storage and regasification unit, or FSRU.
- KSS Line and Samsung C&T will cooperate to establish a clean hydrogen/ammonia transportation service, powered by alternative fuels.
- In Japan, K Line has announced ammonia will underpin its decarbonisation strategy to 2050, with AiP granted for a new Newcastlemax bulk carrier design.
- And the first of two CCU ammonia shipments have reached Ulsan from Saudi Arabia, with importer Lotte Fine Chemical leading development of a clean ammonia supply chain in the Yellow Sea.
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Syzygy & LOTTE join forces to deploy cracking tech in South Korea
Syzygy Plasmonics, LOTTE and Sumitomo Corporation of Americas announced they will join forces to deploy & test Syzygy’s fully-electric, photocatalytic ammonia cracking reactor at LOTTE Chemical’s HQ in Ulsan, South Korea. Syzygy’s reactor technology uses light from ultra-high-efficiency LEDs to crack ammonia into zero-carbon hydrogen, eliminating combustion emissions usually associated with chemical manufacturing. The announcement is one of several new ammonia collaborations this week, with LOTTE, ITOCHU and Sasol all announcing new agreements.
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Trammo and Lotte Fine Chemical sign agreement for green ammonia supply
Trammo (one of the world's largest transporters of ammonia) will supply green ammonia to Lotte Fine Chemical (LFC is currently the largest ammonia buyer in Asia) after a new agreement was signed this week. The MoU represents the first green ammonia supply agreement in Korea, and is a critical step in LFC's development of a Korea-wide ammonia value chain.
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The Korean Green Ammonia Alliance
Thirteen private organisations and five public institutions joined together this week to form South Korea's Green Ammonia Alliance. The Alliance's key aim is to work towards carbon neutrality for Korea by 2050.
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The Ammonia Wrap: two new large-scale ammonia projects in the UAE and more
Welcome to the Ammonia Wrap: a summary of all the latest announcements, news items and publications about ammonia energy. This week: two new large-scale ammonia projects in the UAE, RWE, BASF combine for 2 GW "Offshore-to-X" project, green ammonia exports from Tasmania, coal co-combustion trials in Japan, Japanese shipping industry chases decarbonisation, South Korean companies join together in local green ammonia consortium, new funding for ammonia-from-wastewater research and Horisont Energi and Equinor join forces for the Polaris project.