Yara International ASA , Oslo, and Japan’s Sumitomo Chemical Co. Ltd. are partnering up to explore clean ammonia collaboration in Japan.
Yara announced on Dec. 10 that the two companies had inked a Memorandum of Understanding (MoU) for the potential supply of clean ammonia to Sumitomo Chemical for its use in chemicals production.
Under this agreement, Yara and Sumitomo will examine clean ammonia supply for the Japanese company’s use in petrochemicals, plastics production, and/or energy distribution, based out of Sumitomo Chemical’s plants domestically in Japan
The collaboration would accelerate Japan’s green energy transition and build upon the growing momentum associated with clean ammonia, said Yara. Japan has set targets to grow the nation’s ammonia fuel demand to 3 million mt/y by 2030, and 30 million mt/y by 2050, each as part of its initiative to cut CO2 emissions and reach carbon neutrality.