IHI Corporation and Royal Vopak have signed a Memorandum of Understanding to embark on a joint study regarding the development and operation of efficient, high value-added ammonia terminals in Japan. The collaboration also includes an assessment of potential opportunities for collaboration outside of Japan.
The primary focus of this collaboration is on the establishment of large-scale ammonia storage terminals that are strategically positioned to facilitate the economical distribution of ammonia. Ammonia has gained significant importance as a fuel for reducing carbon emissions from thermal power generation and as a hydrogen carrier, both in Japan and internationally. The study will also explore the possibility of streamlining the operation of ammonia terminals to enhance price competitiveness, as well as the conversion and supply of various hydrogen derivatives.
IHI Corporation is actively working towards the realisation of a decarbonised society by developing integrated technologies spanning from upstream to downstream processes, including fuel ammonia production, storage, and utilization. With a strong presence in the ammonia storage tank industry in Japan, IHI has designed and constructed approximately 70 percent of all ammonia storage tanks in the country. Currently, IHI is also focusing on the development of comprehensive technology for large-scale ammonia receiving terminals, leveraging their experience in LNG storage tank technology.
Royal Vopak, with over 20 years of experience in ammonia storage, possesses extensive knowledge in the safe handling and storage of ammonia. Their expertise will be instrumental in facilitating the development of large-scale ammonia import, storage, and distribution infrastructures. Vopak currently operates ammonia storage facilities in China, Saudi Arabia, Singapore, Malaysia, and the United States. They are actively involved in a pre-FEED collaboration with global partners for a large-scale, low-carbon ammonia production and export project on the Houston Ship Channel in the US.
Both companies are enthusiastic about the joint discussions and are committed to working together towards a low-carbon future. Recognising the growing demand for ammonia, there is a shared understanding of the need to rationalise terminal operations and enhance price competitiveness to meet this demand. By leveraging the strengths of both companies, they aim to establish a robust supply chain and develop a terminal that can be effectively utilised in the future.
In summary, the collaboration between IHI Corporation and Royal Vopak holds the potential to create innovative solutions and accelerate the development of new supply chains for the energy and feedstocks of the future, aligning with their shared commitment to a low-carbon future.
For more information visit www.vopak.com
