News & Insights | Textile Industry

JERA Co., and Lotte Fine Chemical Co. have signed a Agreement

Published: August 26, 2024
Author: TEXTILE VALUE CHAIN

This collaboration will establish clean ammonia supply chain optimization and low-carbon fuel standards for Japan and South Korea.

The working group was established in June by the Japanese Ministry of Economy, Trade, and Industry and the Korean Ministry of Trade, Industry, and Energy to construct a clean hydrogen and ammonia supply chain. This partnership is a part of a larger endeavor. Increasing private sector collaboration in the development of clean hydrogen technology is the aim. Durability

To support this partnership, Lotte Fine Chemical, renowned for having the best ammonia distribution network in Asia, will leverage its vast global network. Together, the two businesses hope to build low-carbon and sustainable energy solutions in both nations by extending the clean ammonia value chain. This collaboration is a reflection of the area’s growing dedication to environmental sustainability and the switch to cleaner energy sources.

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