Nitrogen+Syngas 395 May-Jun 2025
3 May 2025
Japanese investment interest in renewable ammonia project
Six Japanese companies have agreed to explore investment opportunities for a large-scale green ammonia plant in Odisha, India, being planned by Acme Group. Last year, IHI Corporation agreed to import up to 400,000 t/a from Acme’s project. IHI has now signed a memorandum of understanding with Hokkaido Electric Power, Mitsubishi Gas Chemical Company, Mitsui OSK Lines (MOL), Mizuho Bank, and Tokyo Century Corporate. The partners plan to create a special-purpose company for ammonia production and investment participation. Hokkaido Electric is testing ammonia co-firing at its coal-fired power plant and studying infrastructure needs, while Mitsubishi Gas Chemical wants to decarbonise its ammonia use. Mizuho Bank is planning to invest up to $13 billion in hydrogen and ammonia supply chains by 2030, and Tokyo Century is exploring green ammonia as part of its shift beyond solar to support carbon neutrality.
