TOKYO : Japanese companies are looking to invest in the Canadian province of Alberta to produce ammonia and methanol in the effort to build global supply chains of greener energy to fight climate change, a provincial minister said.
As part of such efforts, Japan wants to step up investment in liquefied natural gas and low-carbon fuels such as hydrogen and ammonia to ensure stable supply and reach a goal of carbon neutrality by 2050. "Japan wants diversified clean energy portfolio and they also want a diversity of jurisdictions that they get that energy from," he told Reuters on Friday.
Japanese trading company Itochu Corp and Malaysia's state energy firm Petronas are already exploring the feasibility of one of the world's largest production facility of low-carbon ammonia and methanol in Alberta.Itochu's rival, Mitsubishi Corp, and Shell Canada signed a pact last year to produce low-carbon hydrogen in Alberta.
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