Oceanic Wind Energy Inc V.NKW.H

Demand for Green Ammonia

[BayWall]

Supply is one part of the picture. Need demand for green ammonia.

May 3, 2023 (Trigon-Prince Rupert)

 

Trigon also commends the partners behind the newly announced Council for Utilizing Namikata Terminal as a Hub for Introduction of Fuel Ammonia, in Western Japan; as well as the recent announcements by Japan’s Kansai Electric Power and Atco that they will start a full-scale feasibility study to further develop the clean fuels supply chain – known as the North Pacific Green Export Corridor – across Western Canada.

 

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Council for Utilizing Namikata Terminal as a Hub for Introduction of Fuel Ammonia
 

Shikoku Electric Power Company, Taiyo Oil Company, Taiyo Nippon Sanso Company, Mazda Motor Corporation, Mitsubishi Corporation, Namikata Terminal Company, and Mitsubishi Corporation Clean Energy have agreed to establish the "Council for utilizing Namikata Terminal as a Hub for introducing Fuel Ammonia" (hereinafter referred to as the "Council").

 

The Council’s agenda will include scheduling, legal and regulatory issues, efficient use of the terminal, measures to grow demand for fuel ammonia in the area and other issues, based on the assumption that the existing LPG tanks owned by Mitsubishi Cooperation at the terminal will be converted to ammonia tanks and that the terminal will become a hub handling approximately 1 million tonnes of ammonia per year by 2030.

 

Since the Government of Japan declared that Japan would realize carbon-neutrality by 2050, there have been growing expectations surrounding the potential of ammonia, which has numerous applications, including as a co-firing fuel at thermal power plants, a source of thermoelectricity in general industry, and a source of hydrogen via ammonia cracking technology at hydrogen stations.