Discussing with Kyushu Electric, Sojitz, and Sembcorp for Transport of approx. 200,000 metric tons annually to Kyushu Region
On August 20, NYK reached a basic agreement for the marine transport of green ammonia* to Japan in collaboration with Kyushu Electric Power Company, Incorporated (“Kyushu Electric”), Sojitz Corporation (“Sojitz”), and Sembcorp Green Hydrogen Pte. Ltd. ("Sembcorp"), a wholly owned subsidiary of Sembcorp Industries, a leading energy company in Asia engaged in a project to produce green ammonia. NYK General Manager of the Next Generation Fuel Business Group Takahiro Rokuroda attended the signing ceremony in Delhi, India.
Signing Ceremony in India
Front row,first from right, Takahiro Rokuroda, Next Generation Fuel Business Group, General Manager of NYK
This project aims to produce highly competitive green ammonia in India, a country with abundant renewable energy resources. In June, Kyushu Electric and Sojitz, together with Sembcorp, reached a basic agreement to supply green ammonia produced in this project to various industrial customers in Japan, primarily in the Kyushu region.
The agreement is based on the premise that approximately 200,000 metric tons of green ammonia will be produced annually through this project and transported to Kyushu region meeting end user demand utilizing NYK's experience and knowledge in the marine transport of ammonia.
Through the marine transport, NYK will continue to contribute to establishing supply chains of next generation energy such as ammonia, in the Kyushu region and elsewhere in Japan.
* Green ammonia
Ammonia produced using renewable energy. Since CO2 is not emitted during its production or combustion, green ammonia is expected to be a powerful energy resource for a decarbonized society.
On March 10, 2023, the NYK Group released its medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing.” The NYK Group is promoting growth strategies with ESG at the core, based on the Group’s basic philosophy of “Bringing value to life” and a new corporate vision for 2030, which reads, “we go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones.”
In addition, NYK has launched "Sail GREEN" as the company’s ESG brand, which emphasizes NYK's efforts to reduce GHG emissions through the transport of goods and contribute to the eco-friendly supply chains of customers, regardless of the mode of transport (e.g., by sea or land, through terminals, etc.). This initiative is part of that. The NYK Group will promote new value creation as a "Sustainable Solution Provider" to strongly promote ESG management.
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Related Sustainable Development Goals (SDGs)
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