Taiwan Fertilizer Co., Ltd. (“TFC”) and Hoku Energy sign MoU for developing a green ammonia and hydrogen value chain

TAIPEI, TAIWAN September 4, 2024 Hoku Energy LTD. (Taiwan) signed a Memorandum of Understanding (MOU) with Taiwan Fertilizer Co., Ltd. (“TFC”), a pan-state-owned enterprise under the Ministry of Agriculture (MOA) and currently one of the largest companies listed in Taiwan stock exchange, engaging with fertilizer production and supply, headquartered in Nangang District, Taipei City, Taiwan, in order to jointly evaluate the feasibility of creating and developing the green ammonia and hydrogen value chain in Taiwan and across regions.

TFC’s main business activities have been in the fertilizer and chemical for decades to serve for the nation’s growth, and today TFC is developing and promoting its fifth pillar of core business, the clean energy business, in response to Taiwan’s pathway to net-zero emissions in 2050 and the urgent need for action on greenhouse gas reduction and climate change for the nation’s economy, environment and society.

Hoku Energy LTD. (Taiwan) is an important operating and investment subsidiary of Hoku Energy Limited UK (“Hoku Energy”). Hoku Energy is engaged in all activities across the green hydrogen and ammonia value chains, with the goal of providing large green infrastructure and carbon-free energy solutions to leading corporations and governments with responsible commitments to carbon neutrality by 2030 and beyond.

Hoku Energy will continue to form strategic partnerships to capitalize on Taiwan’s hydrogen business and clean economy growth. This alliance with key industry players underscores our commitment to support and contribute to the transformation of the energy mix in the country and across regions.