Akihabara News (Tokyo) — Earlier this month Japanese shipping company Mitsui OSK Lines (MOL) announced that it is launching a joint study with Australian company Origin Energy to investigate the possibility of importing green ammonia from Australia.
Green ammonia is an energy source which produces no carbon dioxide in either production or combustion, and can also be used to transport hydrogen energy. As the Japanese government pushes a carbon-zero goal for 2050, companies like MOL and Origin have been incentivized to develop green energy solutions such as green ammonia as an alternative to fossil fuels.
An Origin executive asserted that Australia’s closeness to Asian markets and its renewable resources have made the country “the box seat to develop a world-leading hydrogen sector, exporting low emissions energy all over the world to meet demand for clean energy.”
The companies expect their study to be completed by the end of the year.
Last month, multiple Japanese companies, including the state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC), entered into an agreement with Australian company Woodside Petroleum to study the creation of a blue and green ammonia supply chain from Australia to Japan.
According to the Japanese government’s 2050 decarbonization strategy, released last December, it is foreseen that 10% of all power generation in the country will be produced by hydrogen and ammonia within thirty years.
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