Published by Todd Bush on May 26, 2023
OKLAHOMA CITY, Okla. & BROOKLYN, N.Y.--(BUSINESS WIRE)--LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU) and Amogy Inc. (“Amogy”) today jointly announced they have entered into a memorandum of understanding (MOU) aimed at promoting the adoption of low-carbon ammonia as a marine fuel, initially for the U.S. inland waterways transportation sector. Through joint efforts, the companies will focus on advancing the understanding, utilization, and advocacy of low-carbon ammonia as a sustainable fuel.
>> Additional Reading: LSB Industries, Inc. to Participate in Upcoming Investor Conferences
Pursuant to the MOU, the companies will collaborate on the evaluation and development of a pilot program that integrates LSB’s low carbon ammonia and Amogy’s ammonia-to-power solution. Upon successful completion of the evaluation and pilot program, the companies expect to further collaborate on a larger-scale development, including exploration of opportunities for development of an end-to-end supply chain of low carbon ammonia and deployment of Amogy technology across multiple applications, including maritime vessels. The evaluation and pilot program includes potential engagement with other parties across the ammonia value chain. The two parties will also collaborate on various advocacy, education, and outreach efforts regarding the use of ammonia as a fuel.
President, and Chief Executive Officer of LSB Industries, Mark Behrman, stated, “Our vision at LSB is to be a leader in the energy transition through the production of low and no carbon products. This collaboration agreement is an exciting step in our journey toward achieving our goals and we’re thrilled to be working with such an outstanding partner in Amogy.”
“We’re delighted by this opportunity to work with LSB to advance the development of a low-carbon ammonia supply chain primarily in the US,” says Seonghoon Woo, CEO of Amogy. “The success of this collaboration will be a key step toward solidifying ammonia's position as a comprehensive solution for decarbonizing the commercial transportation sector across the entire value chain, from the upstream production to the downstream usage.”
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, is committed to playing a leadership role in the energy transition through the production of low and no carbon products that build, feed and power the world. The LSB team is dedicated to building a culture of excellence in customer experiences as we currently deliver essential products across the agricultural, industrial, and mining end markets and, in the future, the energy markets. The company manufactures ammonia and ammonia-related products at facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma and operates a facility for a global chemical company in Baytown, Texas. Additional information about LSB can be found on our website at www.lsbindustries.com.
>> In Company Spotlight: LSB Industries Inc
Amogy offers ammonia-based, emission-free, high energy-density power solutions to decarbonize transportation for a sustainable future. Founded in 2020 by four MIT PhD alumni with a shared vision, Amogy aims to enable the decarbonization of the heavy-duty transportation sector, accelerating the global journey towards Net Zero 2050. The company’s investors include Amazon’s Climate Pledge Fund, AP Ventures, SK Innovation, Saudi Aramco Energy Ventures and DCVC. To date, Amogy’s scalable ammonia-powered, zero-emissions energy system has been demonstrated with success in a drone and heavy-duty tractor. More info at: www.amogy.co.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌊 Frontier Drops $31M on Ocean Antacids in Massive Carbon Bet 🏭 PCA Launches Carbon Capture and Storage Study Following ‘Promising’ Trial ✈️ Airbus and Air France Complete Inaugu...
Inside This Issue 🛢️ Northern Lights CCS Project Begins Operations with First CO2 Injection 🔋 Advent Technologies Receives Order from Global Energy Giant for Ion Pair HT- PEM Electrode Assemblies ...
Inside This Issue 🌎 Chevron Doubles Down on Carbon Capture with Massive Bayou Bend Hub 🌱 Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality 🏭 MATHESON to Build Ne...
New Marine Carbon Dioxide Removal Coalition Launches
The Marine Carbon Dioxide Removal Coalition (mCDR Coalition) launched on 22 August bringing together global leaders across companies, nonprofits and academic institutions to support the responsible...
Two New Swagelok® Components Deliver Safety and Efficiency to Hydrogen Refueling Stations
Ramp regulator and FK series check valve engineered specifically to address hydrogen-related challenges in a growing market SOLON, Ohio, Aug. 28, 2025 /PRNewswire/ -- To further enable the use of ...
Scientific Advisory Board brings decades of experience and a wealth of scientific prowess and geologic hydrogen heritage to advance the production of clean hydrogen August 28, 2025 07:00 ET | Sour...
HOUSTON -- Transition Industries LLC, a developer of world-scale, net-zero carbon emissions methanol and hydrogen facilities, has awarded Siemens Energy and Techint Engineering & Construction a...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.