Six companies join forces for green ammonia plant in India
IHI Corporation, Hokkaido Electric Power Co., Mitsubishi Gas Chemical Company, Inc., Mitsui O.S.K. Lines, Ltd., Inc., 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.
According to the announcement, a new green ammonia production facility will be established in Odisha, eastern India by 2030, in collaboration with ACME Group. The facility aims to produce approximately 400,000 tons of green ammonia annually.
Moreover, this green ammonia will be transported to Japan, catering to various domestic users such as power generation companies and chemical manufacturers.With their knowledge and experience in these domains, the six companies will collaborate to evaluate the establishment of a special purpose company (SPC) for ammonia production and investment participation.
MOL is also working toward Japan’s first import of green ammonia, utilizing 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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