Syzygy Plasmonics, LOTTE Chemical and LOTTE Fine Chemical and Sumitomo Corporation of Americas have announced a joint development agreement to test a fully electric chemical reactor for clean hydrogen production.
The reactor will be installed and brought online in the second half of 2023 at LOTTE Chemical HQ facilities in Ulsan, South Korea.
The agreement positions LOTTE Chemical HQ and SCOA as early adopters of disruptive technology, as Korea steps up its decarbonisation efforts.
With the announcement of their 2030 Vision in May 2022, LOTTE Chemical HQ defined clear pathways and directives. Plans include importing green ammonia that can be readily transported and stored before it is converted into clean hydrogen with expectations of generating 1.2m tonnes of hydrogen per year domestically by 2030.
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