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LOTTE Chemical and Air Liquide Korea entered an MOU for expanding their hydrogen business partnership

LOTTE Chemical and Air Liquide Korea will expand its domestic hydrogen business, the LOTTE Chemical announced.Through this, synergy effects in various areas of the hydrogen economy such as reduced carbon emissions, expanded hydrogen distribution channels, etc. are expected. 

Through this agreement, the two companies will utilize their strengths to cooperate in the ammonia decomposition, liquefied hydrogen business, and hydrogen shipping business in Yeosu. 

First, using the technologies and knowhow of the two companies, they will cooperate in cracking businesses of clean ammonia imported from abroad. Hydrogen produced through this will be used for power generation and mobility. In addition, plans are to expand the current gaseous hydrogen business to include liquefied hydrogen through the joint venture LOTTE-Air Liquide Ener’Hy and expand development of the mobility hydrogen market nationwide. 

Press release https://is.gd/qoB62E

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