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LG Chem Ltd., Samsung C&T Corp., Namhae Chemical Corp., and Doosan Enerbility Co. have signed a memorandum of understanding to cooperate in ammonia-based clean hydrogen production and usage.
LG Chem intends to use clean hydrogen as a fuel for its naphtha cracking center at its Yeosu plant in South Jeolla Province, according to the terms of the MOU.
Clean hydrogen emits no carbon dioxide when burned. As a result, when used as a petrochemical fuel, it can significantly reduce carbon emissions when compared to existing methods.
Namhae Chemical will be in charge of providing supply infrastructures, such as ammonia storage tanks for transportation, conversion, and utilization of ammonia.
Doosan Enerbility will be in charge of securing the technology for producing clean hydrogen through ammonia cracking.
Based on its know-how in energy resource trading and renewable energy, Samsung C&T will play the role of developing an overall business model covering the introduction and usage of clean hydrogen for the domestic market.
