J-Power, Origin to jointly research green ammonia export from Australia
Wind turbines in Tasmania. Author: Ian Cochrane. License: Creative Commons, Attribution 2.0 Generic.
Electric Power Development Co Ltd (TYO:9513), known as J-Power, and Australian electricity and natural gas company Origin Energy Ltd (ASX:ORG) will jointly explore opportunities to export green ammonia from Australia.
Under a memorandum of understanding (MoU), the companies will study the opportunity to collaborate on the development of a green ammonia production project located in Bell Bay, Tasmania, as well as the feasibility of the said project to supply its output to J-Power.
“In the project, we intend to accelerate the practical application of green ammonia to co-firing by acquiring expertise of the green ammonia business and conducting studies to procure green ammonia that will be needed in the future at stable and inexpensive cost,” the Japanese firm said.
J-Power states the project is part of its “Blue Mission 2050” strategy, in which the company intends to develop carbon dioxide (CO2) free hydrogen power generation.
The Aussie firm has a 7,500-MW generation portfolio, including 1,200 MW owned and contracted renewables and storage.