RWE, LOTTE CHEMICAL Corporation and Mitsubishi Corporation enter into a Joint Study Agreement to develop a clean ammonia project in Port of Corpus Christi in Texas, USA

Within this alliance RWE, LOTTE, and MC have now signed a Joint Study Agreement (JSA) to develop a large-scale integrated clean ammonia production and export project in Port of Corpus Christi, Texas, USA.

Under the JSA, the partners agreed to jointly study the development of a large-scale ammonia facility that integrates green and blue ammonia production and leverages common infrastructure for international exports with a focus on Asia and Europe. The Parties target first production by 2030 and a phased build-out of production capacity with multiple production units. In the final build-out stage the project is envisaged to produce up to 10 million tons of clean ammonia per year. The land required for the project is under discussion with the Port of Corpus Christi Authority. The partners are bringing together complementary expertise to develop the project.

This JSA complements other preliminary efforts to develop large-scale clean ammonia projects including the South Texas region.

LOTTE CHEMICAL Corporation

• Year of Establishment: 1976
• Headquarters: 14F-16F, LOTTE World Tower, 300 Olympic-ro, Songpa-gu, Seoul
• Representative: Shin Dong-bin, Chairman and Chief Executive Officer
• Main Operations: LOTTE CHEMICAL Corporation is Korea’s leading chemical company, contributing to the healthy and rich life of humankind through creative challenges and innovation.
• Our extensive range of products from polymer to megatrend product groups is widely used in household goods that we frequently encounter in our everyday lives, as well as cutting-edge new materials. Lotte Chemical, the chemical unit of South Korean retail giant Lotte Group, aims to achieve 50 trillion won ($36 billion) in sales in 2030, with about 30 trillion won ($22 billion) to be generated from high value-added specialty products and eco-friendly materials.

Mitsubishi Corporation

• Year of Establishment: 1954
• Headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo
• Representative: Katsuya Nakanishi, President and Chief Executive Officer
• Main Operations: A global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals solution, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development.