JERA Co., Inc. has signed a Joint Collaboration Agreement with POSCO International Corporation aimed at advancing the development of low carbon fuel value chains.
The agreement outlines a collaborative framework where JERA and POSCO INT’L will work together to strengthen and accelerate the creation of a resilient value chain for low carbon fuels through several key initiatives:
- Standardising commercial frameworks.
- Optimising their ammonia portfolios by enhancing operational flexibility through joint studies.
- Engaging with both the Japanese and South Korean governments to support the establishment and expansion of low carbon fuel value chains.
This collaboration is supported by a governmental initiative known as the “Japan-ROK Hydrogen and Its Derivatives, such as Ammonia Cooperation Dialogue.” This programme fosters enhanced cooperation between Japan and the Republic of Korea in key areas related to hydrogen and ammonia, promoting broader decarbonisation efforts in the region.
Ryosuke Tsugaru, chief low carbon fuel officer of JERA, expressed enthusiasm about the partnership, stating, “We are pleased to have established another cooperative framework with POSCO INT’L, a subsidiary of a major ROK conglomerate with a significant presence in the steel industry. JERA strives for positioning us at the forefront of the energy transition in Asia by accelerating our decarbonisation efforts, not only within the power sector but also across other sectors, including Hard-to-Abate industries.”
Hyeon Park, executive vice president and head of energy business development Group at POSCO INT’L, echoed this sentiment, adding, “We are pleased to announce our strategic partnership with JERA, a leading company in Japan’s power industry. We believe that this partnership between POSCO INT’L and JERA will be beneficial to our efforts in transitioning to low carbon energy.”
Through this collaboration, JERA aims to continue playing a leading role in strengthening and diversifying low carbon fuel value chains both regionally and globally, contributing to the decarbonisation of the energy sector and addressing key energy challenges, particularly in Asia.
For more information visit www.jera.co.jp
