Japanese companies to study ammonia manufacturing in Alaska for greener energy

Oct 4 (Reuters) – Alaska Gasline Development Corporation (AGDC) said on Tuesday it would explore the possibility of producing ammonia in the Cook Inlet region with Japan’s Mitsubishi Corp (8058.T) and TOYO Engineering Corp (6330.T). .T) and Hilcorp. Alaska.

The four companies have agreed to “evaluate the commercial feasibility of using North Slope natural gas delivered to Southcentral Alaska via the Alaska LNG Project to produce carbon-free ammonia,” the statement said. AGDC.

Carbon dioxide (CO2) emissions from the production of the hydrogen-rich fuel can be captured and stored underground in the Cook Inlet basin, which has “world-class carbon sequestration potential”, added the AGDC, owned by the State of Alaska.

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Japan, the world’s fifth largest CO2 emitter, aims to increase its demand for ammonia, which does not emit CO2 when burned for energy, to 3 million tonnes per year by 2030 at from scratch now, reflecting its 2050 goal of becoming carbon neutral.

The costs and emissions associated with shipping ammonia to Asian markets from Alaska are lower than those to the U.S. Gulf Coast, the AGDC said.

Japanese companies are also looking to invest in the Canadian province of Alberta to produce ammonia and methanol in a bid to build global supply chains of greener energy to fight climate change, it said on Monday. a provincial minister.

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Reporting from Deep Vakil in Bangalore; Editing by Lisa Shumaker

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