IHI Corporation (IHI) and Royal Vopak (Vopak) have signed a Memorandum of Understanding (MOU) to jointly explore the development and operation of efficient, high value-added ammonia terminals in Japan.
n particular, the collaboration focusses on large-scale ammonia storage terminals, strategically positioned for the economical distribution of ammonia. Ammonia plays an important role as a fuel for reducing carbon emissions from thermal power generation and as a hydrogen carrier, both in Japan and abroad.
In addition, the study will examine the possibility of streamlining the operation of ammonia terminals to enhance price competitiveness, as well as the conversion and supply of various hydrogen derivatives.
We are pleased to begin joint discussions with Vopak on the development and operation of ammonia terminals. As demand for ammonia continues to grow, we recognize the need to rationalize terminal operations and strengthen price competitiveness in order to meet this demand.
..said Jun Kobayashi, Board Director, Managing Executive Officer, IHI Corporation.
We are excited to work with IHI and look forward to collaborating together as we advance the commitment of both companies towards a low-carbon future. As we embark on this journey, we envision synergies between both companies that will create innovative solutions to accelerate the development of new supply chains for the energy and feedstocks of the future.
…said Chris Robblee, President of Asia & Middle East, Vopak.