L-R: Ken Saito, Minister of Economy, Trade and Industry, Government of Japan; Shigeya Kusano, Managing Executive Officer, Sojitz Corporation; Hachiman Yokoi, General Manager, Energy Solutions Business Department, Sojitz Corporation; Vipul Tuli, Chairman, South Asia, CEO, Hydrogen Business & Middle East, and Executive Director, UK, Sembcorp Industries; Wong Kim Yin, Group President & CEO, Sembcorp Industries; Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry; and Shri Sunil Barthwal, Commerce Secretary, Ministry of Commerce and Industry, Government of India [Photo from Sembcorp]
Sembcorp inks Heads of Terms for green ammonia deal with Sojitz and Kyushu Electric
The partners aim to supply Japan with green ammonia from India.
Sembcorp Green Hydrogen, Sembcorp Industries' (Sembcorp) unit, has signed the Heads of Terms with Sojitz Corporation and Kyushu Electric Power, setting the stage for a green ammonia offtake deal.
The development builds on the 2023 MoU by Sojitz and Kyushu Electric Power to supply Japan with green ammonia from India, with Sembcorp as the lead developer and operator.
As lead developer and operator, Sembcorp will utilise renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia in India.
This signing is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2024.
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