Japanese energy company JERA and South Korean chemical company Lotte Fine Chemical have joined forces to accelerate the development of low-carbon fuel value chains in Asia. This collaboration aims to establish a robust low-carbon fuel infrastructure to meet the increasing need for enhanced energy security in the region. The agreement between JERA and Lotte Fine Chemical includes objectives such as standardizing commercial frameworks, optimizing ammonia portfolios, and collaborating with government entities to support the expansion of the low-carbon fuel value chain. The Japanese and South Korean governments have released a program called 'Japan-ROK Hydrogen and Its Derivatives such as Ammonia Cooperation Dialogue' to facilitate collaboration in key areas. Both governments see this partnership as crucial for ensuring energy security and building resilient supply chains for clean hydrogen and its derivatives. Officials from both countries have expressed support for the agreement, emphasizing the significance of private sector cooperation in advancing the clean hydrogen market. JERA, a joint venture of two major Japanese electric power companies, has been actively working towards its Net Zero goal. The company's recent growth plan focuses on three main business pillars: LNG, renewables, and hydrogen & ammonia. Lotte Fine Chemical has also been proactive in the transition to clean energy, signing an MoU for the supply of low-carbon and green ammonia with OCL Global. Both companies view the collaboration as a significant step towards contributing to their respective countries' national competitiveness and advancing the hydrogen economy.