Samsung C&T Signs Agreement with KSS Shipping on Overseas Clean Ammonia Transportation

Securing Hydrogen and Ammonia Carriers and Eco-Friendly Fuel Propelled Ships

Overview Diagram of Ammonia-Based Clean Hydrogen Value Chain

[Asia Economy Reporter Park Sun-mi] Samsung C&T announced that it signed a "Green Overseas Hydrogen and Ammonia Eco-friendly Maritime Transport Business Agreement" with KSS Shipping on the 10th at the Jamsil office building.

This agreement aims to successfully carry out maritime transport, a crucial stage in the ammonia-based clean hydrogen value chain. Both companies will jointly strive to secure clean hydrogen and ammonia carriers as well as eco-friendly fuel-powered vessels, and collaborate to find optimal maritime transport solutions for clean hydrogen and ammonia, thereby enhancing logistics competitiveness.

As demand for clean ammonia, used as an eco-friendly energy carrier, is expected to continue increasing, both companies plan to continuously improve the stability and efficiency of intercontinental maritime transport through this agreement.

Samsung C&T's Trading Division will leverage its global network as a comprehensive trading company, trading capabilities, and domestic and international business development expertise to build the entire supply chain from overseas clean hydrogen production project development to connecting with domestic demand sources. At the same time, it will work to establish a cargo volume base for securing clean hydrogen and ammonia carriers and eco-friendly fuel-powered vessels.

Samsung C&T is strengthening its eco-friendly business portfolio, including hydrogen, solar power, and secondary battery material supply, and continues efforts to discover new growth engines in promising future sectors. A Samsung C&T official stated, "We plan to actively enhance social contributions and establish a growth foundation by expanding collaboration with capable partners and striving to discover new businesses in the future."

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