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.

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Counterparts (2)

Developer

Syzygy Plasmonics

company · 1 deals

Syzygy Plasmonics is a technology company developing a new type of photocatalytic chemical reactor that uses light from renewable electricity instead of heat from burning fuel, reducing both cost and carbon emissions from chemical manufacturing. Their technology aims to decarbonize various industrial processes by using plasmonic photocatalysis.

Partner

Lotte Chemical

company

Lotte Chemical is a South Korean chemical company with a focus on petrochemical products and advanced materials. They are expanding into new business areas including battery materials and green hydrogen.

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.

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Capacity

A new partnership for Houston-based Syzygy will generate 1.2 million tons of clean hydrogen each year in South Korea by 2030.

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Location

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

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Announcement

John Egan Sep 19, 2022, 1:45 pm

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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

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."

Lotte Fine Chemical developer

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

Lotte Chemical developer

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

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

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

houston.innovationmap.com

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Syzygy Plasmonics and LOTTE Chemical Partner to Develop Clean Hydrogen Production

Counterparts (2)

Source Intelligence

Timeline

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