26 May, 2021
HMM, LOTTE Fine Chemical, Lotte Global Logistics, POSCO, Korean Register (KR), and Korea Shipbuilding & Offshore Engineering (KSOE) have signed a memorandum of understanding (MoU) to seek feasible solutions on the green ammonia supply chain.
Under the terms of the MoU, each member pledged joint efforts to form the end-to-end supply chain for ammonia bunkering, including production, storage, and transportation of green ammonia.
Read more: Japan: JERA and IHI to start a project with ammonia co-firing at a commercial coal-fired power plant
Korea Shipbuilding & Offshore Engineering (KSOE) plans to develop an ammonia-powered ship, which will be certified by Korean Register (KR). HMM and Lotte Global Logistics will take charge of testing and operating the vessel. Once POSCO produces green ammonia overseas, LOTTE Fine Chemical will transport the fuel and perform a bunkering operation.