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CIP signs green ammonia tie-up with Lotte

RICHARD HEAP

March 5, 2024

Copenhagen Infrastructure Partners has formed a partnership with South Korean chemicals group Lotte Corporation to collaborate on clean ammonia projects.

The companies have agreed to discuss and finalise agreements for the supply, purchase and sale of blue ammonia to Lotte from CIP’s St. Charles ammonia production facility in US state Louisiana; and from CIP’s Murchison green ammonia project in Australia.

Søren Toftgaard, partner at CIP, said: “We believe blue and green ammonia will co-exist for many years, as we gradually transition from fossil-based production. And we continue to see significant opportunities for both in the U.S., Europe, and Asia.”

JinKoo Hwang, chief executive and head of the hydrogen business group at Lotte, said: “With the Korean government’s strong policy support on energy transition, Korea will be the fastest growing market for clean hydrogen and ammonia. We will take lead in providing sustainable clean ammonia by utilising the strengths and expertise of both companies.”

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