SK Holdings Materials, a South Korea-based company specialising in material technology, has signed an agreement with ExxonMobil, a US energy and petrochemical company, with the main aim of introducing blue ammonia to SK Materials in Korea.
The company noted that ExxonMobil plans to build a facility to produce blue ammonia in Baytown, Texas, USA, and SK Materials plans to support the transition to clean energy in the domestic coal power generation market by introducing blue ammonia and supplying it as a power generation fuel in time for co-fired power generation in Korea.
SK Materials said it also plans to expand cooperation with ExxonMobil to develop a carbon reduction solution business.
Lee Yong-wook, CEO of SK Materials, said: “We plan to strengthen cooperation with ExxonMobil to become a partner that promotes various projects for carbon reduction together, starting with blue ammonia. We will build a value chain of consumption and distribution.”
Dan Ammann, President of ExxonMobil Low Carbon Solution, stated: “ExxonMobil continues to invest in low-carbon hydrogen and ammonia, reducing ExxonMobil’s carbon emissions and supporting the decarbonisation of various customers around the world. I will do my best to do it.”
On the company’s official website, an SK Materials official added: “We will supply blue ammonia as an energy source that replaces the main fuel for domestic coal power generation in the future, and create an environment that produces electricity while reducing carbon emissions.”
ExxonMobil’s Baytown low-carbon hydrogen, ammonia, and carbon capture facility is expected to start up in 2027-2028.