JERA and Lotte Fine Chemical Collaborate for Low Carbon Fuel Value Chains in Asia
Key Ideas
- JERA and Lotte Fine Chemical aim to develop a robust low carbon fuel value chain through standardization of frameworks and joint studies.
- The governments of Japan and the Republic of Korea have initiated a collaboration dialogue to enhance hydrogen and ammonia cooperation.
- The agreement between JERA and LFC is seen as a milestone in strengthening clean energy supply chains in Asia.
- Both companies look forward to contributing to the hydrogen economy and global decarbonization through their partnership.
JERA Co., Inc. and Lotte Fine Chemical Co., Ltd. have signed a Joint Collaboration Agreement to advance low carbon fuel value chains in Asia. The collaboration focuses on standardizing commercial frameworks, optimizing ammonia portfolios, and engaging governments to expand the value chain. Japan and the Republic of Korea have launched a cooperation program to boost hydrogen and ammonia collaboration. Officials from both countries express support for the JERA-LFC agreement, emphasizing its role in enhancing clean energy supply chains and the hydrogen economy. JERA's chief low carbon fuel officer highlights the company's commitment to energy transition, while LFC's CEO underscores their experience and infrastructure in ammonia distribution. The partnership aims to strengthen regional and international low carbon fuel value chains, addressing energy challenges in Asia and promoting global decarbonization. Overall, the sentiment towards hydrogen in the article is positive, highlighting the importance of collaboration and clean energy initiatives in the region.