Air Liquide and LOTTE Chemical are expanding their hydrogen business to further cooperate in the ammonia decomposition, liquified hydrogen, and hydrogen shipping markets in Yeosu, South Korea.
Under terms of a signed Memorandum of Understanding (MoU), the duo will explore clean ammonia imported from overseas to produce hydrogen for power generation and mobility.
Plans also include the expansion of the LOTTE-Air Liquide Ener’Hy joint venture, to include a focus on liquefied hydrogen as well as gaseous hydrogen.
LOTTE-Air Liquide Ener’Hy was established in December 2022. As a first project, the joint venture will develop a shipping centre using by-product hydrogen at a site within LOTTE Chemical’s Daesan plant. Start-up is scheduled for the second half of 2024.
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