JERA Co., Inc (“JERA”) says it has concluded a Joint Collaboration Agreement with Lotte Fine Chemical Co., Ltd. (“LFC”), to realize low carbon fuel value chains. Under the agreement, JERA and LFC will jointly collaborate to accelerate the development of a robust and resilient value chain of low carbon fuel through the following approaches:
・Standardization of commercial frameworks
・Optimization of each party’s ammonia portfolio by enhancing operational flexibility through joint studies
・Joint efforts to discuss with both governments to establish and expand low carbon fuel value chain
To guide this effort, the government of Japan and the Republic of Korea (“ROK”) have launched “Japan-ROK Hydrogen and Its Derivatives such as Ammonia Cooperation Dialogue”, a programme designed to enhance collaboration across several key areas.
JERA will continue to take the lead in strengthening and diversifying low carbon fuel value chains regionally, nationally and internationally, and contribute to global decarbonization and to solving energy issues, particularly in Asia.
Source: Port News
