Idemitsu Kosan, Mitsubishi Corporation announce joint study on low-carbon ammonia

HOUSTON (ICIS)–Idemitsu Kosan and Mitsubishi Corporation announced they have agreed to jointly study the efficient operation of clean ammonia carriers and transshipment terminals.

The companies said in a statement this effort will look at ExxonMobil’s planned low-carbon hydrogen and low-carbon ammonia production project in Baytown, Texas, as well as the offtake of ammonia.

Further through this combined effort, Idemitsu and Mitsubishi Corporation intend on accelerating their study on structuring a supply chain for low-carbon ammonia which is procured from overseas.

Idemitsu, which has established an ammonia import and receiving terminal at its Tokuyama Complex, said it aims to jointly introduce over 1 million short tons of ammonia as fuel and raw materials by 2030 in cooperation with other companies.

For its part Mitsubishi Corporation said it is assessing the partial conversion of its Namikata terminal into an ammonia terminal.

It is also preparing to build a hub terminal that will supply approximately 1 million short tons of ammonia annually to various industrial applications such as electricity, transportation and chemicals by 2030.

Idemitsu and Mitsubishi Corporation said they both plan to supply the low-carbon ammonia volumes produced by this project to Japan through their receiving terminals.