Japan's MOL, Origin Energy to collaborate on green ammonia
Japanese shipping major Mitsui OSK Lines (MOL) and Australia’s Origin Energy have signed a memorandum of understanding for a joint study to build a green ammonia supply chain, the companies said on August 11.
Origin and MOL will explore how Australian green ammonia projects could supply key downstream markets from 2026, with a joint feasibility study aiming to be completed by December 2021. The companies will complete a study on marine transportation of ammonia, demand in Japan and Asia and developing a supply chain by December of this year.
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“Transport is one of the biggest opportunities globally to achieve emissions abatement through the use of green and renewable fuels such as hydrogen and ammonia,” Origin’s general manager of future fuels, Tracey Boyes said. “With our abundance of renewable resources and proximity to Asian markets, Australia is in the box seat to develop a world-leading hydrogen sector, exporting low emissions energy all over the world to meet demand for clean energy from our major trading partners.”
Boyes said Origin is in a strong position to leverage its expertise in LNG export and delivering complex major projects.
“We are delighted to start building a strong working relationship with Mitsui OSK Lines to establish what opportunities there may be, both for future projects, or for projects that we are already investigating,” Boyes said.
MOL aims at net zero greenhouse gas emissions (GHG) by 2050. The company said it will not only reduce GHG emissions from its operated vessels but also contribute to reducing GHG emissions generated by society and realising a low-carbon society by taking a proactive approach to building supply chains for cleaner energy resources.