Mitsubishi, Lotte, and RWE form alliance to study clean ammonia in Texas project

LOTTE CHEMICAL

08/02/2023 06:35

Feb 8 (Reuters) - Japan's Mitsubishi Corp  8058.T  said
on Wednesday it has agreed to jointly study the prospect of
producing clean ammonia with South Korea's Lotte Chemical Corp
 011170.KS  and German energy firm RWE  RWEG.DE  in the U.S.
state of Texas.
    Ammonia and hydrogen are at a core of developed nations'
efforts, Japan included, to reach zero-carbon emissions towards
the middle of the century, with investments and projects under
consideration booming globally. 
    RWE, Lotte and Mitsubishi have signed a joint study
agreement for clean ammonia production and export project in
Port of Corpus Christi in Texas, part of the alliance to develop
green and blue ammonia supply chains in Asia, Europe and the
United States, the Japanese trading company said in a statement.
    First production is targeted by 2030 and to be gradually
increased to up to 10 million tonnes of clean ammonia per year
at multiple production units, the statement added.      
 (Reporting by Katya Golubkova; Editing by Sherry
Jacob-Phillips)
 ((ekaterina.golubkova@thomsonreuters.com))