Japan receives first low-carbon ammonia cargo from Saudi Arabia

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

TOKYO : Japan received its first low-carbon ammonia cargo from Saudi Arabia on Friday which it plans to use for co-firing with fossil fuels to reduce carbon emissions, a joint statement from the four companies involved in the deal said. Energy-poor Japan wants to add hydrogen and ammonia to its energy mix

TOKYO : Japan received its first low-carbon ammonia cargo from Saudi Arabia on Friday which it plans to use for co-firing with fossil fuels to reduce carbon emissions, a joint statement from the four companies involved in the deal said.

Energy-poor Japan wants to add hydrogen and ammonia to its energy mix, a move criticized by climate activists as costly and not fully effective. Japan has agreed with a number of countries to study hydrogen and ammonia supply chains. Ammonia shipped to Fuji Oil Company on Friday was produced by SABIC Agri-Nutrients using feedstock from Aramco and the cargo was delivered by Mitsui O.S.K. Lines, the four companies said in the joint statement.

The statement did not disclose the amount or value of the cargo but said that ammonia - considered low-carbon as CO2 from the associated manufacturing process was captured and utilized - was transported to FOC's Sodegaura refinery for use in co-fired power generation. Japan aims to boost its fuel ammonia demand to 3 million tonnes annually by 2030 from nearly zero at present. Its top power generator JERA has been co-firing ammonia with coal in a trial project at its power station in central Japan since 2021.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Arabia's TAWAL to buy European towers from United GroupDUBAI : TAWAL, a unit of Saudi Telecom Company (stc), agreed to buy tower infrastructure worth 1.22 billion-euros ($1.34 billion) from United Group in its first foray into Europe's telecoms market, the southeast European firm said on Thursday.TAWAL, a tower infrastructure unit that STC carved out in 2018,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Saudi Arabia says Eid al-Fitr starts FridayThe timing of Eid al-Fitr is determined by the sighting of the crescent moon. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Rakuten Bank shares face glut of buy orders in Tokyo debut after $625 million IPOTOKYO : Shares of Rakuten Bank Ltd were untraded with a glut of buy orders in their market debut on Friday, after the internet bank raised $625 million in Japan's largest initial public offering (IPO) in more than four years.Shares were flooded with buy orders at 1,470 yen, Tokyo Stock Exchange data showe
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

SMFG becomes first big Japan bank to sell AT1 bonds since Credit Suisse's debt wipeoutTOKYO : Sumitomo Mitsui Financial Group (SMFG) priced $1.04 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major Japanese bank to sell them since the value of similar bonds issued by Credit Suisse was wiped out. SMFG priced the bonds in two tranches, in 89 billion yen ($662.50 mi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Rakuten Bank surges in debut after raising $625 million in Japan's biggest IPO in yearsTOKYO :Shares of Rakuten Bank Ltd surged by more than a third in their market debut on Friday, after the internet bank raised $625 million in Japan's largest initial public offering (IPO) in more than four years.Shares were fetching 1,914 yen in Tokyo after spending the first hour of the morning session untra
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

SMFG becomes 1st big Japan bank to sell AT1 bonds since C.Suisse's debt wipeoutTOKYO : Sumitomo Mitsui Financial Group (SMFG) priced $1.04 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major Japanese bank to sell them since the value of similar bonds issued by Credit Suisse was wiped out. SMFG priced the bonds in two tranches, in 89 billion yen ($662.50 mi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »