Brooklyn, NY – September 17, 2024 – Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, has announced a strategic partnership with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), POSCO Holdings Inc. (POSCO Holdings), Seoul National University (SNU), and the American Bureau of Shipping (ABS). The consortium will jointly explore the technological feasibility of an innovative offshore ammonia cracking solution aimed at delivering low-cost, accessible clean hydrogen fuel.
This collaboration will focus on developing an Offshore Ammonia Cracking Solution technology. Under this partnership, HD KSOE will design the ammonia supply system and integrate it into the overall system, Amogy will provide its ammonia-cracking technology, SNU will contribute expertise in process design and simulation, POSCO Holdings intends to harness its proprietary cracking process design technology to optimize the systems needed for ship application, and ABS will oversee certification of the design as the class society.
South Korea is actively working to establish a robust ammonia market and advance ammonia-based technologies as a key component of its strategy to reduce carbon emissions. Ammonia, a hydrogen carrier, offers a more cost-effective and convenient alternative to liquefied hydrogen due to its established storage and transport infrastructure. Additionally, with energy density 2.7 times greater than hydrogen, ammonia is emerging as an optimal carbon-free fuel for the maritime industry.
Amogy’s ammonia-cracking technology unlocks the potential of ammonia as a hydrogen carrier by leveraging state-of-the-art catalyst materials to crack ammonia into hydrogen and nitrogen at lower reaction temperatures with high durability, reducing heating and maintenance requirements.
“With the increasing emphasis on obtaining affordable clean hydrogen from international sources for diverse domestic industries, we are highly optimistic about the results of this joint research focused on offshore ammonia cracking solutions. We are committed to collaborating with our partners to establish the most efficient and effective clean hydrogen supply chain,” stated Kwang-pil Chang, Chief Technology Officer of HD KSOE.
“We are excited to join forces with this esteemed consortium to develop an innovative offshore ammonia cracking solution,” said Seonghoon Woo, CEO of Amogy. “This partnership marks a pivotal advancement in leveraging ammonia to achieve net-zero emissions. Together, we are paving the way for cleaner marine fuel solutions and supporting South Korea’s ambitious decarbonization objectives.”
“We strongly believe this collaboration will contribute to diversifying the supply of clean hydrogen required for decarbonization in various industries, in addition to its application in shipping,” stated Ju Woung Yoon, a head of Clean Hydrogen Research Center at POSCO Holdings.
“Cracking ammonia offshore to produce hydrogen for industrial applications is a solution that has the potential to accelerate the energy transition in heavy industry. At ABS, we are proud to support this coalition with our deep technical expertise and safety focus to navigate the regulatory and class elements of the design,” said Patrick Ryan, ABS Senior Vice President and Chief Technology Officer.
About Amogy
Amogy provides carbon-free energy solutions to decarbonize hard-to-abate sectors like maritime shipping, as well as stationary power generation applications. Proven in real-world applications, its patented ammonia cracking technology is mature, scalable and a highly efficient method for splitting liquid ammonia, generating electrical power in combination with hydrogen fuel cells.
Amogy is headquartered in Brooklyn, New York, with additional locations including Houston, Texas, Norway, and Singapore. Amogy is backed by investors including Amazon’s Climate Pledge Fund, Temasek, SK Innovation, Aramco Ventures, Mitsubishi Corporation, and AP Ventures. For more information, follow Amogy on LinkedIn, X, Instagram, Threads, Facebook, and YouTube, or visit www.amogy.co.
About HD Korea Shipbuilding & Offshore Engineering
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is a technology-driven leader in the shipbuilding and offshore industries, serving as the sub-holding company of HD Hyundai. As a specialized entity in research, development, and engineering, HD KSOE plays a crucial role in shaping the sector’s mid- to long-term development direction and growth strategies. The company’s focus is to become a technology-driven company with world-class R&D and engineering expertise, advancing the industry’s standards.
HD KSOE’s mission is to bring the future closer to humanity through innovation. It achieves this by harnessing cutting-edge technologies and expert talents to drive the transition to carbon-free energy. HD KSOE is dedicated to developing next-generation clean technologies, building capabilities across future energy value chains, and innovating advanced material technologies.
About POSCO Holdings
POSCO Holdings was founded as a steelmaking business that extended into other sectors, serving as the backbone of economic and social development in Korea. Recently, it has ventured into rechargeable battery materials, helping to place a renewed global identity of POSCO Group.
About ABS
ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.
Amogy Media Contact: amogy@marketbridge.com
HD KSOE Media Contact: billie.lee@hd.com, hyeri.na@hd.com
ABS Media Contact: Jennifer Mire / jmire@eagle.org
