IHI, Vopak to jointly develop, operate ammonia terminal in Japan

Japanese engineering corporation IHI Corporation (IHI) and Dutch tank storage company Royal Vopak (Vopak) have signed a joint development agreement under which they plan to establish a new joint venture for the development and operation of an ammonia terminal in Japan.

Taking into account the ongoing progress of domestic infrastructure development within the country, IHI and Vopak plan to participate in projects centered around the planned ammonia terminal in Japan. The duo aims to start operations in the Japanese fiscal year 2030, focusing on the development of safe and efficient ammonia storage and handling infrastructure.

The ammonia terminal development aims to facilitate the receiving and storing of imported ammonia within Japan and to facilitate the establishment of a system for the supply of such ammonia in Japan.

Ammonia is anticipated to contribute to Japan’s decarbonization goals through its increased use as fuel and raw material in power generation and various industrial uses. In this partnership, Vopak will leverage its extensive experience in ammonia terminal engineering and operating.

IHI Group, as Japan’s ammonia storage tank manufacturer, will advance its efforts to develop an ammonia