PETRONAS has agreed with JERA to collaborate on a wide range of low-carbon energy initiatives, covering LNG, ammonia and hydrogen.
PETRONAS and JERA will intensify collaboration in the supply chains for ammonia and hydrogen fuels while continuing to advocate for the use of LNG.
Today, PETRONAS is producing blue hydrogen as a by-product from its facilities and will be exploring the commercial production of green hydrogen in the near future.
In the LNG space, PETRONAS and JERA will be collaborating to grow the use of natural gas as a cleaner marine fuel through LNG bunkering solutions, in support of IMO regulations on greenhouse gas emissions. Through the MoU, PETRONAS and JERA will explore the establishment of a global bunkering supply network.
The signing of the MoU between PETRONAS and JERA is a result of both companies’ shared vision of achieving net zero carbon emissions. In November 2020, PETRONAS announced its aspiration to achieve ‘Net Zero Carbon Emissions by 2050”.
JERA, around the same time, established the ‘JERA Zero CO2 Emissions 2050’ in October 2020, which are guided by advances in decarbonisation technology, economic rationality, and consistency with Japanese government policies. As part of JERA’s net zero emissions journey, the company will be looking into closing inefficient coal-fired generators in Japan by 2030, gradually increase mixed combustion of fossil fuels, ammonia and hydrogen at its thermal power plants and promote renewable energy development.