IHI Corporation and Royal Vopak to Establish Ammonia Terminal in Japan
Key Ideas
- IHI Corporation and Royal Vopak are forming a joint venture to develop an ammonia terminal in Japan.
- The terminal aims to supply ammonia to the country's power and industry sectors and potentially support bunkering services.
- This initiative signifies a step towards promoting ammonia as a viable energy source in Japan's market.
IHI Corporation and Royal Vopak have announced a collaboration to establish an ammonia terminal in Japan. The joint venture's primary objective is to supply ammonia to the country's power and industry sectors. Additionally, the terminal may potentially serve as a bunkering facility, supporting the maritime industry's transition towards cleaner energy sources. This strategic move aligns with the increasing global interest in alternative fuels and sustainable energy solutions. Furthermore, it signifies a proactive approach towards promoting ammonia as a viable energy source in Japan's market. The partnership between IHI Corporation and Royal Vopak highlights the importance of collaboration in driving innovation and infrastructure development for the energy sector.