Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Chile’s $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback
  • India Expands Green Hydrogen R&D Push with Second Call for Proposals under National Mission
  • Malaysia Launches Hybrid Hydro-Solar and Green Hydrogen Hub
  • Assam’s Pause on Green Hydrogen Policy Raises Investor Concerns Amid Shifting Incentives
  • Masdar and EnBW Team Up on Offshore Wind, Energy Storage and Green Hydrogen Development
  • U.S. Green Hydrogen Projects Face Tight Timeline Despite 45V Tax Credit Reprieve
  • EU Launches €3M Initiative to Accelerate Türkiye’s Hydrogen Transition
  • Australia’s Green Hydrogen Ambitions Face Water Reckoning
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Featured
Green Hydrogen H2 News

OCI and Lotte Fine Chemical agree delivery of low carbon and green ammonia

Anela DoksoBy Anela Dokso21/03/20232 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

With first shipments starting this year from OCI’s US facilities, Lotte Fine Chemical and OCI have signed a memorandum of understanding (MOU) for the delivery of low-carbon and green ammonia, which are appropriate products to decarbonize the chemical value chain and the power sector.

At Ulsan, Korea, the businesses are also hoping to work together to develop a worldwide supply chain of bunkering for ammonia-powered ships, which are anticipated to enter the commercial market starting in 2025.

The MOU was signed while the company was in Korea as a part of a Dutch trade mission there, which was headed by Liesje Schreinemacher, the Netherlands’ Minister of Foreign Trade and Development Cooperation.

With this MOU, OCI will begin supplying Lotte Fine Chemical this year from its current low carbon ammonia manufacturing capacity in Texas. For the first time in Korea, Lotte Fine Chemical will make OCI’s ISCC Plus bio-ammonia, made from bio-methane, available to its domestic clients. Plastic items made of this substance will be entitled to tax breaks when exported to Europe once they are bio-certified.

Future supply is anticipated to come from two sources: Fertiglobe’s green ammonia production facility in Egypt (Africa’s first green hydrogen project), whose first phase was recently commissioned, and OCI’s new, large-scale, world-class blue ammonia greenfield project being built in Texas, which is anticipated to be operational in early 2025. A joint venture between OCI and the Abu Dhabi National Oil Corporation is called Fertiglobe (ADNOC). OCI and Fertiglobe are two of the biggest ammonia and methanol producers and merchants in the world.

Longer term, the shipping industry anticipates that ammonia-powered ships will begin to be commercialized in 2025 and will require refueling at significant ports. With the installation of bunkering supply facilities at Ulsan completed by 2024, Lotte Fine Chemical will investigate ways to use its ammonia tank facilities at Ulsan port to speed up the worldwide supply chain for the bunkering of ammonia-powered vessels. OCI intends to use its ammonia storage facility in Rotterdam, the Netherlands, near Suez, Egypt, and the US Gulf to establish a global supply chain and bunkering network.

Share. LinkedIn Twitter Facebook Email

Related Posts

Chile's $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback

Chile’s $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback

15/07/2025
Green Hydrogen

India Expands Green Hydrogen R&D Push with Second Call for Proposals under National Mission

15/07/2025
hydrogen

Malaysia Launches Hybrid Hydro-Solar and Green Hydrogen Hub

14/07/2025
hydrogen

Assam’s Pause on Green Hydrogen Policy Raises Investor Concerns Amid Shifting Incentives

14/07/2025
hydrogen

Masdar and EnBW Team Up on Offshore Wind, Energy Storage and Green Hydrogen Development

14/07/2025
U.S. Green Hydrogen Projects Face Tight Timeline Despite 45V Tax Credit Reprieve

U.S. Green Hydrogen Projects Face Tight Timeline Despite 45V Tax Credit Reprieve

14/07/2025
Chile's $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback

Chile’s $16B H2 Magallanes Green Hydrogen Project Faces Environmental Pushback

15/07/2025
Green Hydrogen

India Expands Green Hydrogen R&D Push with Second Call for Proposals under National Mission

15/07/2025
hydrogen

Malaysia Launches Hybrid Hydro-Solar and Green Hydrogen Hub

14/07/2025
hydrogen

Assam’s Pause on Green Hydrogen Policy Raises Investor Concerns Amid Shifting Incentives

14/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.