Deals Counterparts

LOTTE Fine Chemical imports green ammonia from Envision Group

Supply Agreement Green Ammonia announced Ulsan, South Korea Mar 5, 2026
operating
Stage

LOTTE Fine Chemical imported green ammonia from Envision Group, marking the world's first cross-border trade of green ammonia.

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Deal Analysis

LOTTE Fine Chemical announced a green ammonia supply agreement with Envision Group on 2026-03-05 for import into South Korea. This deal marks the world's first cross-border trade of green ammonia. The financial value of this supply agreement was not disclosed.
  • Buyer: LOTTE Fine Chemical.
  • Supplier: Envision Group.
  • Announced: 2026-03-05.
  • First cross-border green ammonia trade.

Source Intelligence

KEY DETAILS

The deal marks the world’s first cross-border trade of green ammonia. The imported green ammonia was produced entirely using 100 percent renewable energy (wind and solar power) at the world’s largest green hydrogen and ammonia production complex, built by global clean energy technology company Envision in Inner Mongolia, China. The project received certification from the International Sustainability and Carbon Certification (ISCC) and was awarded Grade 1 certification under Korea’s Clean Hydrogen Certification System conducted by the Korea Energy Economics Institute (KEEI). LOTTE Fine Chemical plans to utilize the imported green ammonia for ammonia bunkering as a marine fuel, co-firing power generation, and as a clean hydrogen carrier.

Location
The shipment arrived at the Port of Ulsan Port and has been stored at LOTTE Fine Chemical’s ammonia terminal in Ulsan, the largest ammonia terminal in Asia.
Announcement
5 March 2026 by Bioenergy International LOTTE Fine Chemical completes the world’s first commercial import of green ammonia (photo courtesy LOTTE).
PARTIES MENTIONED IN SOURCE
L
LOTTE Fine Chemical Corporation (LOTTE) buyer

"In South Korea, chemical major LOTTE Fine Chemical Corporation (LOTTE) has announced that it has completed what is said to be the wold's first commercial-scale import of green ammonia."

E
Envision Group seller

"The company imported green ammonia from Envision Group, a world-leading green technology company of China, and the shipment marks the world’s first cross-border trade of green ammonia."

high quality Enriched Mar 6, 2026

Timeline

Announced
Mar 5, 2026
Signed
Closed

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