IHI Corporation, Hokkaido Electric Power, Mitsubishi Gas Chemical Company, Mizuho Bank, Tokyo Century Corporation and shipowner Mitsui OSK Lines (MOL) have signed a memorandum of understanding (MoU) to explore investment opportunities in a green ammonia production project currently under development in India.
In the project, a new green ammonia production facility will be established in Odisha, eastern India by 2030, in collaboration with ACME Group, 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 transported to Japan, catering to various domestic users such as power generation companies and chemical manufacturers.
MOL has signed an MoU with IHI Corporation to develop a green ammonia supply chain. MOL is working toward Japan’s first import of green ammonia, utilising ocean-going vessels to transport the ammonia from IHI’s production base in India to Japan’s primary terminals, followed by coastal vessels for delivery to secondary terminals.
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