Lotte Chemical invests 140 billion won in global hydrogen funds

Lotte Chemical announced on the 21st that it has invested 140 billion won in global hydrogen funds to preoccupy new technologies in the hydrogen business and build infrastructure.

The fund invested by Lotte Chemical is the Clean H2 Infrastructure Fund. It is a 2 trillion won fund jointly created by the Hydrogen Council, a hydrogen economic consultative body launched at the Davos Forum in 2017.

The fund will strategically invest in global hydrogen projects that connect to hydrogen storage, distribution, and utilization.

Lotte Chemical is the only Asian chemical company to participate from the beginning of the establishment of the clean hydrogen infrastructure fund. It plans to identify global hydrogen technology trends and actively seek new investment opportunities.

Reporter Lee Ji-sun stockmk2020@gmail.com