SK Innovation led a $139m Series B funding round in Amogy.

SK Innovation, a petroleum, alternative energy, and oil exploration company, led a $139m Series B funding round in Amogy, a sustainable energy start-up that is working on a novel carbon-free energy system using ammonia as a renewable fuel, with participation from Temasek, Korea Zinc, Aramco Ventures, AP Ventures, Yanmar Ventures, SAEV Guernsey, Zeon Ventures and DCVC. Amogy aims to commercialise its technology for maritime shipping, as well as industrial power generation applications, over the upcoming years.