IHI Corporation announced today that it has concluded a memorandum
of understanding with Gentari Hydrogen Sdn Bhd, a subsidiary of
PETRONAS’ clean energy entity, to evaluate the feasibility
of leveraging the abundant solar resources of Malaysia to produce
and sell green ammonia derived from renewables.
Under
the memorandum, IHI and Gentari will consider a business model for
ammonia production in Johor, Malaysia, a suitable site for solar
power generation, where green ammonia will be produced, used
locally for power generation and marine fuel supply, and exported
to the Japanese and Asian markets. In this study, IHI will fulfill
the role of conducting technical studies and ammonia demand
surveys for Japan, while Gentari handles the assessment of
renewable energy supply and various facilities in Malaysia, as
well as various market demand surveys. After conducting a
feasibility study which runs until the beginning of 2023, the
project aims to develop a commercial ammonia production plant to
commence operations before 2030.
At present,
commercially available ammonia derived from fossil fuels emits
carbon dioxide during production, however the application of green
ammonia in end use segments such as power generation, marine
fuels, and raw materials for fertilizers could keep emissions of
carbon dioxide throughout the supply chain at low levels.
Furthermore, technologies for green ammonia production, storage,
and transportation are already well-established and can accelerate
market deployment.
Through this feasibility
exploration, IHI and Gentari aim to demonstrate several ammonia
application models in Malaysia and build a fuel ammonia supply
chain to address the future increase of clean fuel demand. It will
thereby help accelerate the adoption of fuel ammonia and
contribute to improved sustainability.
About IHI
IHI Corporation is a comprehensive heavy-industry
manufacturer working to create value for customers in four main
areas—Resource, Energy and Environment; Social
Infrastructure and Offshore Facilities; Industrial Systems and
General-purpose Machinery; and Aero Engine, Space and Defense. IHI
is deeply committed to contributing to society through technology,
combining diverse engineering capabilities to meet expanding
global needs for energy, urbanization and industrialization, and
transportation efficiency.
For more information on
IHI’s ammonia business, please refer to the following
website:
https://ammoniasociety.com/