Copenhagen Infrastructure Partners (CIP) has signed a memorandum of understanding with LOTTE Chemical Corp., one of the world's largest producers of chemical products, to strengthen collaboration on clean ammonia projects.
As part of the agreement, the two companies will discuss and finalize agreements for the supply, purchase and sale of blue ammonia to LOTTE from CIP’s St. Charles Project in Louisiana and green ammonia from CIP’s Murchison Project in Australia.
Blue ammonia is a low-carbon approach that combines traditional ammonia synthesis using natural gas with subsequent carbon capture and storage, according to CIP. This approach could significantly accelerate the energy transition while green ammonia production at scale is becoming more mature.
CIP and LOTTE also plan to initiate discussions regarding development of and investment in low-carbon ammonia projects on a global basis. The two companies also intend to discuss potential collaboration on proj