Saudi Arabia, UAE and IEA are discussing with the Japanese goverment on how to promote the use of ammonia into the fuel mix for shipping from the late 2020s.
According local sources, Japan plans to introduce ammonia, in an effort to achieve carbon neutrality in 2050.
In fact, Ryo Minami, director-general of oil, gas and mineral resources at the Ministry of Economy, Trade and Industry, or METI, during the second fuel ammonia council meeting, stated:
Ammonia is expected to increase its importance because it does not emit CO2 when it is burned. In fact it will be introduced as fuels on a commercial basis for thermal power generation and shipping in the late 2020s, and it is expected to be used for a significant amount by around 2030.
What is more, during the METI on Dec. 7, participants presented their draft ideas for introducing ammonia.
Japan from its side, aims to procure ammonia in ways that allow domestic companies to secure the fuel stably for mid- to long-term periods.
For the introduction of ammonia as a fuel for thermal power and shipping, Japan considers to further develop its supply chain spanning procurement, production, transportation, storage, utilization, and finance.
Overall, speaking of green ammonia, Norway’s chemical and fertilizer company Yara recently announced plans for full-scale green ammonia project.