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LOTTE Chemical decides to invest 0.1 billion EUR in 『Clean H2 Infrastructure Fund』, the global hydrogen investment fund.
2021.10.21
LOTTE Chemical decides to invest 0.1 billion EUR in
『Clean H2 Infrastructure Fund』, the global hydrogen investment fund.
■ Asia’s one and only chemical company to participate in the greatest global hydrogen fund led by Europe and USA as a key investor from the beginning stage.
■ Cooperating with various companies in Korea and abroad to identify the trends in advanced hydrogen technology, search opportunities for new investment,
and contribute to the development of hydrogen industry in Korea.
■ “Each affiliate of LOTTE Group will grow into the leader of Korea’s hydrogen industry based on the green and social ESG management,”
■ “Each affiliate of LOTTE Group will grow into the leader of Korea’s hydrogen industry based on the green and social ESG management,”
said Chairman Shin Dong-bin of LOTTE Group.
LOTTE Chemical, the leader of LOTTE Group’s hydrogen industry, has announced that they will invest about 140 billion KRW (approx. 0.1 billion EUR) to secure the advanced technology and infrastructure for the fast-growing hydrogen industry.
Clean H2 Infrastructure Fund is the global hydrogen investment fund jointly led by Air Liquide, the co-chair of Hydrogen Council, and Total, a member of the Council, which is a council of global enterprises related to the hydrogen economy organized by the Davos Forum in 2017.
It will raise about 2 trillion KRW to strategically invest in global projects that involves hydrogen storage, distribution infrastructures, hydrogen vehicles, and hydrogen production related to new renewable energy.
LOTTE Chemical will be a key investor accompanied by eight other companies and Asia’s only chemical company to join the Fund from the early stage to identify the trends in advanced hydrogen technology, search opportunities for new investment, and contribute to the development of hydrogen industry in Korea.
“We are cooperating with various global companies and making ceaseless efforts to strength the hydrogen capacities of our affiliates to achieve carbon neutralization by 2040,” said Chairman Shin Dong-bin of LOTTE Group. “Each affiliate of LOTTE Group will grow into the leader of Korea’s hydrogen industry based on the green and social ESG management.”
LOTTE Chemical declared ‘Every Step for H2,’ the eco-friendly hydrogen growth roadmap to achieve carbon neutralization and supply 30% of hydrogen consumed in Korea, last July and is currently cooperating with various global companies to lead ▲ clean hydrogen production, ▲ hydrogen application, and ▲ development of hydrogen technology.
LOTTE Chemical has entered an MOU to use the byproduct hydrogen of Air Liquide Korea and LOTTE Chemical to jointly invest in the construction of new high-pressure hydrogen shipping center and hydrogen charging stations and expand the development of mobility market from the metropolitan area to the entire Korea. Airrane, a small but powerful business in Korea, has installed at Yeosu Plant 1 the CCU technology substantializing facilities using the gas separating membranes for the first time in Korea’s chemical industry.
Also, LOTTE Chemical has entered an MOU with Samsung Engineering for joint participation in enhancing energy efficiency of businesses in Korea and abroad, greenhouse gas and environmental impact reduction, development of carbon collection and application technology, licensing green hydrogen business and technology. With SK Gas, LOTTE Chemical will share the resources and capacities to construct a business model for the entire value chain related to hydrogen, including the construction of hydrogen gas charging stations and hydrogen fuel cell generators and the supply of liquified hydrogen produced using LNG thermal energy.
Clean H2 Infrastructure Fund is the global hydrogen investment fund jointly led by Air Liquide, the co-chair of Hydrogen Council, and Total, a member of the Council, which is a council of global enterprises related to the hydrogen economy organized by the Davos Forum in 2017.
It will raise about 2 trillion KRW to strategically invest in global projects that involves hydrogen storage, distribution infrastructures, hydrogen vehicles, and hydrogen production related to new renewable energy.
LOTTE Chemical will be a key investor accompanied by eight other companies and Asia’s only chemical company to join the Fund from the early stage to identify the trends in advanced hydrogen technology, search opportunities for new investment, and contribute to the development of hydrogen industry in Korea.
“We are cooperating with various global companies and making ceaseless efforts to strength the hydrogen capacities of our affiliates to achieve carbon neutralization by 2040,” said Chairman Shin Dong-bin of LOTTE Group. “Each affiliate of LOTTE Group will grow into the leader of Korea’s hydrogen industry based on the green and social ESG management.”
LOTTE Chemical declared ‘Every Step for H2,’ the eco-friendly hydrogen growth roadmap to achieve carbon neutralization and supply 30% of hydrogen consumed in Korea, last July and is currently cooperating with various global companies to lead ▲ clean hydrogen production, ▲ hydrogen application, and ▲ development of hydrogen technology.
LOTTE Chemical has entered an MOU to use the byproduct hydrogen of Air Liquide Korea and LOTTE Chemical to jointly invest in the construction of new high-pressure hydrogen shipping center and hydrogen charging stations and expand the development of mobility market from the metropolitan area to the entire Korea. Airrane, a small but powerful business in Korea, has installed at Yeosu Plant 1 the CCU technology substantializing facilities using the gas separating membranes for the first time in Korea’s chemical industry.
Also, LOTTE Chemical has entered an MOU with Samsung Engineering for joint participation in enhancing energy efficiency of businesses in Korea and abroad, greenhouse gas and environmental impact reduction, development of carbon collection and application technology, licensing green hydrogen business and technology. With SK Gas, LOTTE Chemical will share the resources and capacities to construct a business model for the entire value chain related to hydrogen, including the construction of hydrogen gas charging stations and hydrogen fuel cell generators and the supply of liquified hydrogen produced using LNG thermal energy.
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