Sembcorp inks deal with Japanese firms to export green ammonia from India (updated)

Sojitz

18/12/2023 04:39

(Recasts paragraph 1, updates with background and details from
paragraph 2)
       Dec 18 (Reuters) - Singapore's Sembcorp Industries
 SCIL.SI  said its green hydrogen unit had partnered with two
Japanese firms to supply green ammonia produced in India to
Japan, as the company moves to strengthen its position as a
major green energy supplier. 
    Sembcorp Green Hydrogen Pte, has signed a memorandum of
understanding with Japanese conglomerate Sojitz Corp  2768.T 
and energy major Kyushu Electric Power  9508.T  for potential
opportunities for green ammonia production, Sembcorp said on
Monday.
    "With green ammonia as a critical energy source to
decarbonise Japan's power supply mix, the partnership will
support the (Japanese) government's goal to achieve net zero by
2050," the firm, backed by state-owned investor Temasek
Holdings, said in a statement.
    Last month, Sembcorp had said it would invest about S$10.5
billion ($7.88 billion), or about 75% of its total investments
in 2024-2028, to support renewables growth as it aimed to halve
carbon emissions by 2028.
    The agreement will also expand Sembcorp's footprint in India
where it already has a gross renewable portfolio of 3.7
giga-watts (GW), it added. 


($1 = 1.3319 Singapore dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Dhanya
Ann Thoppil and Rashmi Aich)
 ((Rishav.Chatterjee@thomsonreuters.com;))