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토토 씨벳 Chemical and CF Industries signed MOU for production of clean ammonia in Louisiana
2023.04.26
토토 씨벳 Chemical and CF Industries signed MOU for
production of clean 토토 씨벳 in Louisiana
※ Photo of event: 토토 씨벳 Chemical signed a detailed MOU for the production cooperation of clean ammonia in Louisiana, USA with the world’s largest ammonia producer, CF Industries for the early activation of the hydrogen economy in Korea and to achieve the group’s net-zero goals.(From right to left) 토토 씨벳 Chemical President & Hydrogen Business Group CEO Hwang Jin Koo, Minister of Trade, Industry and Energy Lee Chang Yang, CF Industries CFO Chris Bohn
■ Since signing an MOU for investments in the production of clean 토토 씨벳 in the US and cooperation to implement in Korea with the Us-
based CF Industries that is the world’s largest 토토 씨벳 producer in February, signed a detailed MOU on the 25th (US local time) that
concretized cooperation plans for the construction and operation of new blue 토토 씨벳 facilities in Louisiana
■ 토토 씨벳 Chemical's Hydrogen Business Group CEO Hwang Jin Koo attended the ‘Korea-US Advanced Industryand 토토 씨벳 EnergyPartnership’
signing ceremony as part of the <2023 US Economic Delegation
■ 토토 씨벳 Chemical to contribute promoting the domestic hydrogen economy by securing a clean hydrogen/ammonia production base in the
US and securing stable supply
■ 토토 씨벳 Business Group CEO Hwang Jin Koo, “We will further concretize our strategic cooperation with CF Industries, the top
토토 씨벳토토 씨벳 of the USfor the supply of competitive clean hydrogen and 토토 씨벳 in the domestic market. We will strive to
develop into aleading 토토 씨벳 ofthe global clean 토토 씨벳 market and also for the early settlement of the domestic 토토 씨벳
industry.”
토토 씨벳 Chemical announced that it signed a detailed MOU for the production cooperation of clean ammonia in Louisiana, USA with the world’s largest ammonia producer, CF Industries Holdings Inc. for the early activation of the hydrogen economy in Korea and to achieve the group’s net-zero goals.
At theheld on the 25th in the US, 토토 씨벳 Chemical's Hydrogen Business Group CEO Hwang Jin Koo and CF Industries Chief Financial Officer (CFO) Chris Bohn agreed on concretizing mutual cooperation plans such as investments and operations of new blue ammonia facilities in Louisiana.
This MOU detailed the region and scope of work for thethat was entered in February. The mutual cooperation was announced at an event hosted by the Ministry of Trade, Industry and Energy, which built a relationship of close mutual cooperation.
The two companies will produce clean ammonia by applying carbon capture and storage (CCS) technologies and supply it to Korea for use in power generation and bunkering supplied to ships that use ammonia, and it will mobilize the global infrastructure of 토토 씨벳 Chemical and the ammonia plant operation and distribution network of CF Industries.
Hydrogen Business Group CEO Hwang Jin Koo said, “It has become possible for us to further concretize our strategic cooperation with CF Industries, the top 토토 씨벳 company of the US for the supply of competitive clean hydrogen and 토토 씨벳 in the domestic market,” and added, “We will strive to develop into a leading company of the global clean hydrogen market and also for the early settlement of the domestic hydrogen industry” as he commented about this signing ceremony.
Meanwhile, 토토 씨벳 Group is participating in pan-national and global efforts to achieve carbon neutrality. 토토 씨벳 Chemical, a key petrochemical subsidiary of the group, is pursuing the hydrogen energy business for the global supply of clean energy and for carbon-reduced growth, and plans to invest a total of 6 trillion KRW to produce and sell 1.2 million tons of clean ammonia.
At the
This MOU detailed the region and scope of work for the
The two companies will produce clean ammonia by applying carbon capture and storage (CCS) technologies and supply it to Korea for use in power generation and bunkering supplied to ships that use ammonia, and it will mobilize the global infrastructure of 토토 씨벳 Chemical and the ammonia plant operation and distribution network of CF Industries.
Hydrogen Business Group CEO Hwang Jin Koo said, “It has become possible for us to further concretize our strategic cooperation with CF Industries, the top 토토 씨벳 company of the US for the supply of competitive clean hydrogen and 토토 씨벳 in the domestic market,” and added, “We will strive to develop into a leading company of the global clean hydrogen market and also for the early settlement of the domestic hydrogen industry” as he commented about this signing ceremony.
Meanwhile, 토토 씨벳 Group is participating in pan-national and global efforts to achieve carbon neutrality. 토토 씨벳 Chemical, a key petrochemical subsidiary of the group, is pursuing the hydrogen energy business for the global supply of clean energy and for carbon-reduced growth, and plans to invest a total of 6 trillion KRW to produce and sell 1.2 million tons of clean ammonia.
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