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[Press Release] LOTTE Chemical - Air Liquide Korea Cooperates in Hydrogen Business for Sustainable Mobility

2021.05.20

LOTTE Chemical - Air Liquide Korea Cooperates
in Hydrogen Business for Sustainable Mobility


배트맨 토토
■ Cooperation to construct integrated 배트맨 토토 supply chain for commercial vehicles in Korea...
Joint investment in high pressure 배트맨 토토 shipping center in Daesan and Ulsan
■ Utilizing byproduct 배트맨 토토 and infrastructure of LOTTE Chemical and the 배트맨 토토 energy
technologies and business knowhow of Air Liquide
■ Plans to expand eco-friendly businesses such as liquefied 배트맨 토토 businesses and carbon collection
through the cooperation of the two companies

LOTTE Chemical and Air Liquide Korea signed an MOU to enter the hydrogen mobility market at the Jamsil LOTTE World Tower on the 20th. This MOU ceremony was attended by LOTTE Chemical Basic Business President Jin Goo Hwang and Air Liquide Korea President Guillaume Cottet.

Awareness has been growing for 배트맨 토토 as a key element for energy conversion to respond to global climate change. Through this MOU, the two companies decided to integrate each company’s strengths to expand the eco-friendly 배트맨 토토 economy.

LOTTE Chemical and Air Liquide plans to utilize LOTTE Chemical’s byproduct 배트맨 토토 to jointly invest in the construction of a new high pressure 배트맨 토토 shipping center and 배트맨 토토 charging stations, and expand development of the mobility market starting in the capital area and spreading nationwide. In addition to this, plans are to use the advanced technologies of the two companies to invest in liquefied 배트맨 토토 production facilities needed to enter the eco-friendly 배트맨 토토 society, while also collaborating in carbon dioxide collection and utilization, and high-pressure 배트맨 토토 tank technologies.

Accordingly, the two companies expect that there will be synergy effects in various aspects of the 배트맨 토토 economy such as blue 배트맨 토토 production, reduction of carbon dioxide, and expansion of 배트맨 토토 distribution channels.

LOTTE Chemical currently produces various basic and advanced petrochemical products and produces low-carbon byproduct 배트맨 토토 at three production bases (Yeosu, Daesan, Ulsan). Furthermore, it constructed facilities applying CCU (Carbon Capture Utilization) technologies at the Yeosu Plant to develop low-carbon based product manufacturing technologies.

Air Liquide possesses the world’s best expertise and technologies in the 배트맨 토토 sector and is well known as a company devoted to 배트맨 토토 energy. As a world-leading company in the industrial gas sector, it has built expertise throughout the 배트맨 토토 supply chain from 배트맨 토토 energy production to storage and distribution over the past 50 years. In particular, it is contributing to the wide use of 배트맨 토토 as a clean energy source in the mobility sector, and it has designed and constructed over 120 배트맨 토토 charging stations around the world up to now.

LOTTE Chemica Basic Materials Business President Jin Goo Hwang said, “We are excited that LOTTE Chemical and Air Liquide Korea will be able to jointly enter the Korean hydrogen market with this MOU,” adding, “The two companies will play important roles in the hydrogen industry by continuously expanding in the hydrogen market that will grow in the future.”

Air Liquide Korea President Guillaume Cottet said, “I am very happy with this MOU that signals the start of a strong partnership with LOTTE Chemical for the goal of fostering a sustainable mobility hydrogen business in Korea.” He added, “This partnership contains our will to use Air Liquide’s technologies and expertise on gas and liquid hydrogen production and supply chains to convert industrial trucks using LOTTE Chemical’s byproduct hydrogen into eco-friendly hydrogen fuel cell trucks. The complementing strengths of the two companies will be actively utilized in this project thus fitting with Air Liquide’s and LOTTE Chemical’s ESG strategies to contribute to the development of a more sustainable future.
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