Sumitomo /Lotte to collaborate on hydrogen and ammonia projects
Posted on October 4, 2022
Japanese firm Sumitomo Corporation and South Korean chemical manufacturer Lotte Chemical are to collaborate on hydrogen and ammonia projects, accelerating efforts to achieve a decarbonised society in their respective countries. Sumitomo and Lotte Chemical have signed a memorandum of understanding (MoU) to jointly look into a wide range of business development opportunities related to hydrogen and ammonia. Online since 2014, Energy, Oil & Gas (EOG) Asia, is a leading online source of industry-specific news and information, which covers key development updates (discoveries, exploration & drilling, deepwater & subsea production, etc.) Borealis/Axpo Nordic tie-up for wind energy for Swedish plant. Teijin to deploy power cogeneration at Japanese facility. Elix Polymers Spanish plant to use electricity consumption from renewable sources. Wanhua Chemical partners with Agilis for digital portal for TPUs. Mitsubishi Power completes mega power plant in Thailand. Air Liquide, Chevron, Keppel, and PetroChina to explore CCUS in Singapore. NextChem awarded EUR194 mn grant for Italy’s waste-to-hydrogen project. Azeri Central East drilling platform installed in the Caspian.Ineos awards contract to Atkins for low-carbon hydrogen plant at Grangemouth. Sumitomo/Lotte to collaborate on hydrogen and ammonia projects. Mitsubishi Power completes mega power plant in Thailand. Ineos awards contract to Atkins for low-carbon hydrogen plant at Grangemouth. Technip awarded contract for Ineos ethane cracker in Belgium. Chemours to invest US$200 mn in hydrogen economy.
Pertamina on track for green hydrogen in Indonesia Borealis/Axpo Nordic partnership for Swedish plant’s wind energy.Power cogeneration will be used at a Japanese facility by Teijin.The Spanish Elix Polymers plant will consume electricity from renewable sources. Agilis and Wanhua Chemical collaborate on a digital portal for TPUs.In Thailand, Mitsubishi Power completes a massive power plant.Keppel, PetroChina, Air Liquide, and Chevron will investigate CCUS in Singapore. EOG Asia FacebookSumitomor
Sumitomo | Online since 2014, Energy, Oil & Gas (EOG) Asia
Japanese firm Sumitomo Corporation and South Korean chemical manufacturer Lotte Chemical are to collaborate on hydrogen and ammonia projects, accelerating efforts to achieve a decarbonised society in their respective countries.
Sumitomo and Lotte Chemical have signed a memorandum of understanding (MoU) to jointly look into a wide range of business development opportunities related to hydrogen and ammonia.
This includes joint investments in hydrogen and ammonia production projects in Australia, Chile, and other regions and the establishment of value chains in Japan and Korea as well as the development of ammonia storage terminals in Japan and Korea.
Commercialisation of new hydrogen and ammonia-related technologies and their deployment in the Japanese and Korean markets and collaboration in the carbon capture, utilisation and storage (CCUS) are also included in the MoU.
This is not the first collaboration on such projects for Sumitomo and Lotte Chemical. The two companies are also working with Syzygy Plasmonics, a US hydrogen technology start-up with advanced photocatalytic technology, to conduct the world’s first joint demonstration test of hydrogen production by ammonia decomposition using photocatalyst in Korea.
