JERA Co., Inc. has entered into a Joint Collaboration Agreement with Lotte Fine Chemical Co., Ltd. to advance the development of low carbon fuel value chains. This collaboration aims to build a robust and resilient value chain for low carbon fuel by focusing on the standardisation of commercial frameworks, optimisation of each party’s ammonia portfolio through joint studies, and working with governments to establish and expand the low carbon fuel value chain.
This partnership is supported by the “Japan-ROK Hydrogen and Its Derivatives, such as Ammonia Cooperation Dialogue,” a programme initiated by the governments of Japan and the Republic of Korea to enhance cooperation in clean energy.
Hiroo Inoue, director-general of the Energy Efficiency and Renewable Energy Department at the Agency for Natural Resources and Energy, highlighted the importance of this collaboration, noting that it will strengthen energy security and build resilient supply chains for clean hydrogen and its derivatives. Chan Ki Park, Director-General of the Hydrogen Economy Policy Bureau at the Ministry of Trade, Industry and Energy, emphasised the significance of private sector cooperation between Korea and Japan in leading the global clean hydrogen market.
Ryosuke Tsugaru, chief low carbon fuel officer of JERA, expressed the company’s commitment to positioning itself at the forefront of Asia’s energy transition, while LFC CEO Kim Yong-seok underscored the importance of this collaboration in enhancing Korea’s national competitiveness in the clean energy sector.
JERA remains dedicated to strengthening and diversifying low carbon fuel value chains on a regional, national, and international scale, contributing to global decarbonisation efforts and addressing energy challenges, particularly in Asia.
For more information visit www.jera.co.jp
