Syzygy Enters Joint Development Agreement to Deliver Fully Electric Chemical Reactor Technology in the Race to Produce Clean Hydrogen
Syzygy Plasmonics, LOTTE Chemical and LOTTE Fine Chemical, and Sumitomo Corporation of Americas (SCOA) announced a joint development agreement to test a fully electric chemical reactor for clean hydrogen production.
August 25, 2022. By News Bureau
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The reactor will be installed and brought online in the second half of 2023 at LOTTE Chemical HQ facilities in Ulsan, South Korea. The agreement is a clear identifier of LOTTE Chemical HQ and SCOA as early adopters of disruptive technology and reinforces their position as leading the effort to decarbonize Korea.
With the announcement of their 2030 Vision in May 2022, LOTTE Chemical HQ defined clear pathways and directives for leading decarbonization efforts while simultaneously achieving record revenue growth.
Among other climate-focused goals, the company is setting the stage to advance the hydrogen economy in Korea. Plans include importing green ammonia that can be readily transported and stored before it is converted into clean hydrogen with expectations of generating 1.2 million tons of hydrogen per year domestically by 2030.
The traditional thermal cracking of ammonia uses high heat and pressure to convert it to hydrogen gas. The heat required to drive this process is achieved by burning fossil fuels, making ammonia cracking extremely carbon intensive.
Using fully electric reactors gives hydrogen producers a way to reduce or eliminate their reliance on combustion as the energy source for processing ammonia.
"Simply improving existing tech isn't enough to reach the world's decarbonization goals. Stopping climate change will require industries to reimagine what is possible," said Syzygy CEO Trevor Best. "Our technology expands the accepted paradigms of chemical engineering. We have demonstrated the ability to replace heat from combustion with renewable electricity in the manufacture of foundational chemicals like hydrogen. Today LOTTE Chemical HQ, SCOA, and Sumitomo Corporation Korea are taking a profound step forward, demonstrating through actions their commitment to help decarbonize Korea. Syzygy is honored to be a part of their forward-thinking efforts in fighting climate change."
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