Amogy and LOTTE Fine Chemical Sign MOU to Advance Green Ammonia-to-Hydrogen and Ammonia-to-Power Solutions in South Korea
Collaboration will combine LOTTE Fine Chemical’s ammonia infrastructure with Amogy’s technology across hydrogen, power,
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NEW YORK and SEOUL, South Korea, Sept. 10, 2026 (GLOBE NEWSWIRE) — Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, and LOTTE Fine Chemical Co., Ltd. (“LFC”), which operates Asia’s largest ammonia import, storage, and distribution networks, today announced the signing of a Memorandum of Understanding (MOU) to jointly advance ammonia-to-hydrogen and ammonia-to-power solutions in South Korea.
LFC has achieved the world’s first commercial import of green ammonia in addition to the world’s first domestic ship-bunkering supply using green ammonia, positioning the company as a key link in the country’s clean ammonia supply chain. Amogy’s proprietary ammonia cracking technology enables the efficient conversion of ammonia into hydrogen, supporting both high-purity hydrogen production and ammonia-to-power generation across stationary, distributed, and marine applications.
Under the MOU, Amogy and LFC will explore collaboration across three priority areas that combine LFC’s ammonia supply and infrastructure capabilities with Amogy’s downstream ammonia cracking and power generation technology.
In hydrogen refueling infrastructure, LFC would supply green ammonia through its overseas procurement and domestic infrastructure, with Amogy’s ammonia cracking technology converting the ammonia into high-purity hydrogen on-site for use at hydrogen refueling stations. For distributed ammonia-to-power generation at commercial and community-scale sites, LFC would provide ammonia supply, storage, and logistics, while Amogy would provide its Ammonia-to-Power generation modules, including fuel cell or internal combustion engine configurations. In marine ammonia bunkering, the companies would explore supplying ammonia to vessels equipped with Amogy’s Ammonia-to-Power technology, leveraging LFC’s ammonia terminal at Ulsan Port and ship-bunkering capabilities.
“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,” said Seonghoon Woo, CEO of Amogy. “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 refueling, distributed power, and marine applications across the region.”
“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,” said Suk Min Hwang, Vice President of Ammonia Business Division at LOTTE Fine Chemical. “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.”
Building on the MOU, Amogy and LFC will continue joint evaluation of collaboration opportunities across hydrogen refueling, distributed power, and marine ammonia bunkering, with further details on project scope and timing to be finalized for execution.
About Amogy
Amogy provides carbon-free energy solutions to decarbonize hard-to-abate sectors like power generation, maritime shipping, and heavy industry. Proven in real-world applications, its patented ammonia cracking technology offers a mature, scalable, and highly efficient method for splitting ammonia into hydrogen and nitrogen. The produced hydrogen is directed to integrated fuel cells or hydrogen engines, generating high-performance power with zero carbon emissions.
Amogy is headquartered in Brooklyn, New York, with additional locations in Houston, Texas; Seoul, South Korea; and Singapore. Amogy is backed by investors including Amazon’s Climate Pledge Fund, Aramco Ventures, Korea Development Bank, GS E&C, Samsung Heavy Industries, SK Innovation, Mitsubishi Corporation, BHP Ventures, and AP Ventures. For more information, follow Amogy on LinkedIn, X, Instagram, Threads, Facebook, and YouTube, or visit www.amogy.co.
Media Contact: amogy@marketbridge.com
About LOTTE Fine Chemical
LOTTE Fine Chemical is a global specialty chemicals company. Since its foundation in 1964, LOTTE Fine Chemical supplies ammonia and chlorine relatives and cellulose ether to global markets. The company has been handling ammonia for more than 60 years and today operates the largest ammonia distribution infrastructure in Asia. As the world transitions toward a carbon-neutral future, the company is actively collaborating with leading industry partners, research institutions, and public organizations to advance the commercialization of clean ammonia solutions.
Through these efforts, LOTTE Fine Chemical is developing a supply chain – technology integration platform for clean ammonia and aims to establish itself as Asia’s leading clean ammonia hub, supporting the growth of emerging hydrogen and low-carbon energy markets.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c7831c27-6d48-4dde-b6c7-c84ae45705b8
