Japan’s power generation company JERA has entered into a collaboration agreement with Lotte Fine Chemical (LFC) to advance low-carbon fuel value chains. Under this agreement, JERA and LFC will work together to accelerate the development of a robust and resilient low-carbon fuel value chain by focusing on standardising commercial frameworks, optimizing their ammonia portfolios by increasing operational flexibility through joint studies and collaborating with governments to establish and expand low carbon fuel value chains.
To support these efforts, the governments of Japan and the Republic of Korea (“ROK”) have launched the “Japan-ROK Hydrogen and Its Derivatives such as Ammonia Cooperation Dialogue,” a programme aimed at enhancing collaboration in several key areas.
Chan Ki Park, Director-General, Hydrogen Economy Policy Bureau, Ministry of Trade, Industry and Energy said, “With similar industrial and energy consumption structures, various collaboration between Korea and Japan is in progress to lead the clean hydrogen market. To expand the global clean hydrogen supply chain and vitalize the hydrogen economy, cooperation between the two countries in private sectors is significant and this agreement will be the milestone to realize the cooperation.”
