Japanese energy corporation Inpex is preparing to invest in low-carbon ammonia in the US that will produce ammonia for power generation in Japan. The President of Inpex, Takayuki Ueda, spoke of the investments at CERAWeek in Houston, Texas, last week.
Ueda said the investment is possible due to the assistance from the US government in the form of the Inflation Reduction Act credits. They are considering plans to produce 1.1 million tons of ammonia annually in Houston by 2027, which would cost several hundred billion yen. They plan to work with US and European partners.