Trammo signs MoU with Lotte Fine Chemicals for supply of Green Ammonia
Sep 16, 2021
Christophe Savi, Head of Trammo’s Ammonia Division (left) and Henry Yoon, Head of Chemical Division (right)
Trammo DMCC, a subsidiary of TRAMMO, INC., a leading international merchandising and trading company and Lotte Fine Chemical Co. Ltd., a diversified chemical manufacturer in Korea, have recently signed a memorandum of understanding for green ammonia supply.
Trammo, the world’s leading independent marketer and transporter of ammonia will supply Green Ammonia to Lotte Fine Chemical, the largest ammonia buyer in Asia today. Both companies share the common goal of becoming pioneers in the development of the Green Ammonia and Green Energy Markets in the region. The MOU will be the very first one for green ammonia supply in Korea.
Christophe Savi, Head of Trammo’s Ammonia Division, said: “After several years of collaboration we are extremely pleased to strengthen further our ties with Lotte Fine Chemical. We have no doubt that both companies share a common vision and a philosophy which will allow our partnership to continuously grow in the years to come, especially in servicing the global decarbonization process and in finding innovative logistic solutions for the marketplace. Lotte Fine Chemical have been for many years successfully coordinating one of the largest world Ammonia hub and we are proud to contribute in the expansion of their foot print through an ambitious green ammonia distribution project in Korea”
Henry Yoon, Head of Chemical Division, said: " We are pleased to reach an agreement for signing MOU of Green ammonia supply with Trammo who is our long term partner. We believe that ammonia will be transferred from the commodity to an important energy source soon, so the supply stability will be more critical for the business than that of today. Trammo is the most competitive player in the global ammonia market today in terms of operational excellence and flexibility of supply based on our business experiences for more than decades, so we think Trammo will take an important role to build a stable global green ammonia supply chain for Lotte Fine Chemical."
Trammo is a leading international merchandising and trading company that markets, trades, transports and distributes key raw materials used in industrial processes and fertilizer production globally. The Company is a market leader in anhydrous ammonia, sulfur, sulfuric acid, and petroleum coke. In addition, Trammo is a producer and marketer of nitric acid in the United States. The history of Trammo spans more than 55 years.
For more information, visit: https://www.trammo.com/