Yara International ASA, Oslo, this week said it has signed a Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC), a Japanese policy-based financial institution, to strengthen cooperation in clean ammonia.
“By signing the MOU, we have a framework for collaboration. Yara Clean Ammonia and JBIC will accelerate the formation of projects for the establishment of a global clean ammonia supply chain to Japan,” said Yara President of Clean Ammonia Magnus Krogh Ankarstrand, in a June 15 statement.
This MOU with JBIC is the fifth collaboration on clean ammonia that Yara has announced with key Japanese partners, including JERA, Kyushu Electric Power, Idemitsu Kosan, and Sumitomo Chemical.