E1, 추진 for Domestic Introduction of Clean Ammonia Produced in Canada

Participation in Blue Ammonia Production Project

E1 is investing 9.5 billion KRW to participate in the Canadian blue ammonia production project.

On the 18th, E1 held an investment and introduction commitment ceremony for the Canadian blue ammonia production project at its headquarters in LS Yongsan Tower, Seoul, attended by E1 Chairman Gu Jayong, Moon Sangho, CEO of Hydrogen Canada, Tamara Mohini, Canadian Ambassador to Korea, and others.

On the 18th, attendees are taking a commemorative photo at the investment and introduction commitment ceremony for the Canadian Blue Ammonia Production Project held at the LS Yongsan Tower E1 headquarters in Seoul. From the left: Victor Lee, Korean Representative of the Alberta Provincial Government of Canada; Sangho Moon, Representative of Hydrogen Canada; Tamara Mohini, Canadian Ambassador to Korea; Jayong Koo, Chairman of E1; Moonki Cho, Head of Business Development at E1.

This project involves converting clean hydrogen produced from natural gas in Alberta, Canada, through underground carbon dioxide storage (CCS), into ammonia and importing it to Korea. E1 is investing 10 million Canadian dollars (CAD), approximately 9.5 billion KRW, for initial project development and securing about 1 million tons of ammonia annually. The goal is to import it domestically by 2028.

Clean ammonia is gaining attention as an eco-friendly and sustainable fuel that minimizes carbon emissions and can be used directly, while also serving as a carrier for storing and transporting hydrogen. The clean ammonia and hydrogen imported into Korea are expected to play a crucial role in Korea's carbon neutrality and hydrogen economy activation by being utilized in coal-fired and LNG power generation co-firing, transportation, and industrial sectors.

Chairman Gu Jayong stated, "Based on over 40 years of accumulated global LPG business expertise, we aim to actively promote the import of overseas clean hydrogen, supply chain establishment, and distribution business," adding, "We expect this to play an important role in supporting the government's Clean Hydrogen Power Supply Obligation (CHPS) system, which is about to be implemented."

CEO Moon Sangho said, "We are pleased to promote the clean energy business together with E1," and added, "This will be a clean hydrogen business development with world-class competitiveness."

This content was produced with the assistance of AI translation services.