Amogy and LOTTE Fine Chemical (LFC) have signed a MoU to advance green ammonia-to-hydrogen and ammonia-to-power solutions across South Korea. The partnership combines LFC’s extensive ammonia import, storage, and marine bunkering infrastructure with Amogy’s proprietary ammonia-cracking and power-generation technologies. Together, the companies will focus on expanding hydrogen refueling infrastructure, distributed community-scale power generation, and marine ammonia bunkering applications.
New York and Seoul | September 10, 2026 – Amogy and LOTTE Fine Chemical Co., Ltd. (LFC) have signed a Memorandum of Understanding (MOU) to explore the development and deployment of ammonia-to-hydrogen and ammonia-to-power solutions in South Korea. The collaboration will bring together Amogy’s ammonia cracking and power-generation technology with LFC’s extensive ammonia import, storage and distribution infrastructure. The companies will focus on applications spanning hydrogen refueling, distributed power generation and marine transportation.
LFC operates one of Asia’s largest ammonia import, storage and distribution networks and has established itself as a major participant in South Korea’s emerging clean ammonia supply chain. The company has also achieved what it describes as the world’s first commercial import of green ammonia, as well as the first domestic bunkering operation using green ammonia.
Amogy, meanwhile, has developed proprietary technology designed to convert ammonia into hydrogen, enabling applications that require high-purity hydrogen as well as ammonia-to-power generation.
Three Areas of Collaboration
Under the MOU, the companies will evaluate potential projects across three key areas.
- Hydrogen refueling infrastructure: LFC would supply green ammonia through its overseas procurement network and domestic infrastructure, while Amogy’s ammonia cracking technology would convert the ammonia into high-purity hydrogen at or near hydrogen refueling stations.
- Distributed power generation: For commercial and community-scale power applications, LFC would provide ammonia supply, storage and logistics. Amogy would contribute its ammonia-to-power generation modules, including configurations based on fuel cells and internal combustion engines.
- Marine applications: The companies will also explore ammonia bunkering solutions for vessels equipped with Amogy’s ammonia-to-power technology. The collaboration could leverage LFC’s ammonia terminal at Ulsan Port and its existing ship-bunkering capabilities.
Supporting South Korea’s Clean Energy Transition
The partnership comes as South Korea continues to develop infrastructure and technologies aimed at expanding the use of clean ammonia and hydrogen across its energy and transportation sectors.
“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.”
Echoing this sentiment, Suk Min Hwang, Vice President of the Ammonia Business Division at LOTTE Fine Chemical, emphasized the expansion potential “LCF 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.”
Projects to Be Evaluated
Following the signing, Amogy and LOTTE Fine Chemical will continue evaluating opportunities for cooperation in hydrogen refueling, distributed power generation and marine ammonia bunkering. The companies said specific project scopes, schedules and implementation plans will be determined as the collaboration progresses.
The agreement highlights the growing role of green ammonia as both an energy carrier and a potential fuel for power generation and maritime applications, while bringing together upstream ammonia supply infrastructure and downstream conversion technology to support wider commercial deployment.
About LOTTE Fine Chemical
LOTTE Fine Chemical is a global specialty chemicals company. Since its foundation in 1964, LOTTE Fine Chemical has supplied ammonia, chlorine derivatives, and cellulose ethers to global markets. The company has handled 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 and technology integration platform for clean ammonia, aiming to establish itself as Asia’s leading clean ammonia hub while supporting the growth of emerging hydrogen and low-carbon energy markets.
About Amogy
Amogy provides carbon-free energy solutions to decarbonize hard-to-abate sectors such as 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 resulting hydrogen is fed into integrated fuel cells or hydrogen engines, generating high-performance power with zero carbon emissions.
Amogy is headquartered in Brooklyn, New York, with additional operations in Houston, Texas; Seoul, South Korea; and Singapore. The company is backed by a global roster of 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.
Source: Amogy