Deals Counterparts

Syzygy Plasmonics and LOTTE Chemical Partner to Develop Clean Hydrogen Production

Jv Hydrogen announced South Korea Mar 4, 2025
1.2 MW/GW
Capacity
development
Stage

Syzygy Plasmonics and LOTTE Chemical have formed a joint venture to develop and commercialize Syzygy's photocatalytic hydrogen production technology for clean hydrogen production in South Korea.

Source Intelligence

KEY DETAILS

The reactor will be installed in the second half of 2023. Quote: The reactor will be installed in the second half of 2023 at Lotte Fine Chemical’s facilities in Ulsan, South Korea.

Capacity
A new partnership for Houston-based Syzygy will generate 1.2 million tons of clean hydrogen each year in South Korea by 2030.
Location
The reactor will be installed in the second half of 2023 at Lotte Fine Chemical’s facilities in Ulsan, South Korea.
Announcement
John Egan Sep 19, 2022, 1:45 pm
COD
Using green ammonia, Lotte Fine Chemical plans to generate 1.2 million tons of clean hydrogen each year in South Korea by 2030.
PARTIES MENTIONED IN SOURCE
S
Syzygy Plasmonics developer

"Houston-area energy tech startup Syzygy Plasmonics is part of a new partnership that will develop a fully electric chemical reactor for production of clean hydrogen in South Korea."

L
Lotte Fine Chemical developer

"Lotte Fine Chemical, Lotte Chemical, and Sumitomo Corporation of Americas are Syzygy’s partners in this venture."

L
Lotte Chemical developer

"Lotte Fine Chemical, Lotte Chemical, and Sumitomo Corporation of Americas are Syzygy’s partners in this venture."

S
Sumitomo Corporation of Americas investor

"Lotte Fine Chemical, Lotte Chemical, and Sumitomo Corporation of Americas are Syzygy’s partners in this venture."

medium quality Enriched Feb 19, 2026

Timeline

Announced
Mar 4, 2025
Signed
Closed

Market Context

This deal is part of the Hydrogen sector in South Korea.
110
Hydrogen deals
28
deals in South Korea
1 of 110 Hydrogen deals tracked this month · Updated daily

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