The Japanese shipping conglomerate NYK has reached on August 20 a basic agreement for the marine transport of green ammonia to Japan.
The deal is done in collaboration with Kyushu Electric Power Company, Incorporated (Kyushu Electric), Sojitz Corporation (Sojitz), and Sembcorp Green Hydrogen (Sembcorp), a wholly owned subsidiary of Sembcorp Industries, an energy company in Asia engaged in a project to produce green ammonia.
NYK said that this project aims to produce highly competitive green ammonia in India, a country with abundant renewable energy resources.
Green ammonia is ammonia being produced by using renewable energy with no CO2 emitted during its production or combustion, so it is expected to be a powerful energy resource for a decarbonized society.
Kyushu Electric and Sojitz, together with Sembcorp, reached in June a basic agreement to supply green ammonia produced in this project to various industrial customers in Japan, primarily in the Kyushu region.
The agreement is based on the premise that approximately 200,000 metric tons of green ammonia will be produced annually through this project and transported to Kyushu region meeting end user demand utilizing NYK’s experience in the marine transport of ammonia.
NYK stated that it would continue to contribute to establishing supply chains of next generation energy such as ammonia, in the Kyushu region and elsewhere in Japan.
