Signing of Memorandum of Understanding for Consideration of Investment in Green Ammonia Production Project in India
March 25, 2025
IHI Corporation
Signing of Memorandum of Understanding for Consideration of Investment in Green Ammonia Production Project in India
Towards Japan’s First Import of Green Ammonia
IHI Corporation, Hokkaido Electric Power Co. Inc., Mitsubishi Gas Chemical Company, Inc., Mitsui O.S.K. Lines, Ltd., Mizuho Bank, Ltd., and Tokyo Century Corporation have signed a Memorandum of Understanding (MoU) to explore investment opportunities in a green ammonia production project currently under development in India (hereinafter referred to as "the Project").
In the Project, a new green ammonia production facility will be established in Odisha, eastern India by 2030, in collaboration with ACME Group (Note 1), a major renewable energy company in India. The facility aims to produce approximately 400,000 tons of green ammonia annually. This green ammonia will be safely and stably transported to Japan, catering to various domestic users, such as power generation companies and chemical manufacturers.
IHI Corporation is dedicated to pioneering Japan's first green ammonia value chain. Leveraging the strong cooperative framework among the six companies, the company aims to build and expand this value chain both domestically and internationally, ensuring a stable supply of green ammonia and contributing to the realization of a carbon neutral society.
Hokkaido Electric Power Company is advancing its efforts towards carbon neutrality by exploring the use of ammonia at the Tomatoh-Atsuma Thermal Power Station Unit 4, a coal-fired power plant. Additionally, the company is conducting studies on establishing facilities for the reception, storage, and supply of ammonia in the Tomakomai area of Hokkaido, aiming to promote and expand the use of ammonia.
Note 1: ACME Group is a leading renewable energy company in India. Utilizing renewable energy, the company is also engaged in the production of green hydrogen and ammonia. For more details, please visit their website: https://www.acme.in
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