■ Since signing an MOU for investments in the production of clean 와이즈 토토 in the US and cooperation to implement in Korea with the Us-

LOTTE Chemical announced that it signed a detailed MOU for the production cooperation of clean 와이즈 토토 in Louisiana, USA with the world’s largest 와이즈 토토 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 the held on the 25th in the US, LOTTE 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 와이즈 토토 facilities in Louisiana.

This MOU detailed the region and scope of work for the that 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 와이즈 토토 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 와이즈 토토, and it will mobilize the global infrastructure of LOTTE Chemical and the 와이즈 토토 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 와이즈 토토 company of the US for the supply of competitive clean hydrogen and 와이즈 토토 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, LOTTE Group is participating in pan-national and global efforts to achieve carbon neutrality. LOTTE 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 와이즈 토토.