Ammonia-to-power technology company Amogy and South Korean specialty chemicals company LOTTE Fine Chemical (LFC) have signed a memorandum of understanding (MoU) to jointly develop ammonia solutions in South Korea, the companies announced on 10 September.

The partnership is structured around three areas of collaboration: marine ammonia bunkering, hydrogen refuelling infrastructure, and distributed ammonia-to-power generation. Under the MoU, LFC would supply ammonia through its procurement and domestic infrastructure networks, while Amogy would provide its proprietary ammonia cracking technology to convert ammonia into hydrogen or power at the point of use.

LFC claims to operate the largest ammonia import, storage, and distribution network in Asia, and says it has achieved the world's first commercial import of green ammonia, as well as the world's first domestic ship-bunkering supply using green ammonia, positioning the company as a key player in the country's clean ammonia supply chain.

In the marine segment, the two companies say they will explore supplying ammonia to vessels equipped with Amogy's ammonia-to-power technology, drawing on LFC's ammonia terminal at Ulsan Port and its existing ship-bunkering capabilities.

In the hydrogen refuelling segment, Amogy's cracking systems would convert LFC-supplied green ammonia into high-purity hydrogen on-site for use at hydrogen refuelling stations. For distributed power generation at commercial and community-scale sites, Amogy would deploy its ammonia-to-power modules — available in fuel cell or internal-combustion-engine configurations — while LFC handles ammonia supply, storage, and logistics.

Seonghoon Woo, CEO of Amogy, commented: "As Korea continues to build out its clean ammonia and hydrogen infrastructure, partnerships that connect upstream supply with downstream technology are essential to accelerating deployment. LOTTE Fine Chemical's ammonia infrastructure, paired with our ammonia-to-hydrogen and ammonia-to-power technology, gives us a strong foundation to advance hydrogen refuelling, distributed power, and marine applications across the region."

Suk Min Hwang, Vice President of the Ammonia Business Division at LOTTE Fine Chemical, stated: "LFC has built the infrastructure to import, store, and supply ammonia safely and at scale, including the world's first ship-bunkering supply of ammonia. This collaboration with Amogy allows us to extend that infrastructure into new downstream applications, supporting Korea's transition to a clean ammonia and hydrogen economy."

Amogy, headquartered in Brooklyn, New York, has offices in Houston, Seoul, and Singapore. The company's backers include Amazon's Climate Pledge Fund, Aramco Ventures, Korea Development Bank, Samsung Heavy Industries, SK Innovation, Mitsubishi Corporation, BHP Ventures, and AP Ventures.

The two companies said further details on project scope and timing would be finalised following joint evaluation of opportunities across the three identified collaboration areas.