Trammo DMCC, Dubai, a subsidiary of Trammo Inc., New York City, and Lotte Fine Chemical Co. Ltd., Seoul, a diversified chemical manufacturer in Korea, have recently signed a Memorandum of Understanding (MOU) for green ammonia supply.
Trammo, a major marketer and transporter of ammonia, will supply green ammonia to Lotte Fine Chemical, the largest ammonia buyer in Asia. Both companies share the common goal of becoming pioneers in the development of the green ammonia and green energy markets in the region, and they said the MOU is the first one for green ammonia supply in Korea.
“After several years of collaboration, we are extremely pleased to strengthen further our ties with Lotte Fine Chemical,” said Christophe Savi, Head of Trammo’s Ammonia Division. “We have no doubt that both companies share a common vision and a philosophy which will allow our partnership to continuously grow in the years to come, especially in servicing the global decarbonization process and in finding innovative logistic solutions for the marketplace. Lotte Fine Chemical have been for many years successfully coordinating one of the largest world ammonia hubs and we are proud to contribute in the expansion of their footprint through an ambitious green ammonia distribution project in Korea”