Lotte Fine Chemical Launches Worlds First Green Ammonia Fuel Supply for Ships

World's First Green Fuel Shipping Milestone

Lotte Fine Chemical has taken an important step in the clean energy sector by introducing the world’s first commercial project that uses ammonia as fuel for ships. The company completed the supply of green ammonia to an ammonia-powered vessel at Ulsan Port in South Korea. This achievement is being considered a major development for the future of eco-friendly shipping, as per the published report. Furthermore, the green ammonia used in the project was produced with renewable energy sources such as solar and wind power. With this project, the company successfully completed the full process of producing, transporting, storing, and finally using green ammonia as marine fuel.

According to Towards Chemicals And Materials Analytics and Consulting, the global fine chemicals market size was valued at USD 225.85 billion in 2025, is estimated to reach USD 242.68 billion in 2026, and is projected to reach USD 463.32 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.45% over the forecast period from 2026 to 2035, due to the heavy shift towards the ongoing industrialization. 

Also, it was the first time that green ammonia was commercially supplied and used in an actual shipping operation. Moreover, earlier projects in this area were mainly limited to testing stages, but this launch showed that ammonia can now be used in real business operations. Furthermore, the company explained that ammonia is receiving attention as a cleaner fuel option because it does not produce carbon emissions during usage. The company also mentioned that ammonia has advantages in storage and transportation compared to some other clean fuels. 

Moreover, this successful launch highlights the growing global interest in cleaner energy solutions and also shows how companies are working toward reducing carbon emissions in the transportation and energy industries in the current period.