Driving Collaboration for Low Carbon Fuel Development in Asia
Key Ideas
- JERA and LFC are collaborating to accelerate the development of a robust low carbon fuel value chain through standardization and optimization.
- Japan and Korea have initiated a collaborative program to enhance cooperation in the hydrogen and ammonia sectors.
- Key government officials from Japan and Korea have expressed support for the JERA-LFC agreement and emphasized the importance of clean hydrogen supply chains.
- Both companies, JERA and LFC, are optimistic about the collaboration, aiming to strengthen clean energy supply chains and enhance national competitiveness.
JERA Co. and Lotte Fine Chemical (LFC) have entered into a Joint Collaboration Agreement to advance the low carbon fuel value chain. This collaboration focuses on standardizing commercial frameworks and optimizing ammonia portfolios to enhance operational flexibility. The governments of Japan and South Korea have initiated a program called 'Japan-ROK Hydrogen and Its Derivatives such as Ammonia Cooperation Dialogue' to foster collaboration in key areas. Officials from both countries have expressed support for the JERA-LFC agreement, aiming to boost energy security and build resilient supply chains for clean hydrogen. JERA and LFC leaders are optimistic about the partnership, with plans to drive decarbonization efforts and strengthen the energy transition in Asia, including Hard-to-Abate industries. The collaboration aims to contribute to the global clean hydrogen supply chain and enhance national competitiveness. This agreement signifies a step towards a cleaner energy future in the region.