“This ground-breaking collaboration aims to decarbonize JERA’s power production and provide Yara with a footprint in the strategically important Japanese market. Building blue and green ammonia value chains is critical to enabling the hydrogen economy, and collaborating with a key player like JERA marks a milestone in leveraging Yara’s global capabilities,” says
JERA Corporate Vice President
Ammonia does not emit carbon dioxide during combustion and is seen as an effective future energy source. Blue ammonia is derived from a carbon capture and storage process (CCS), while green ammonia is produced carbon free by using hydrogen sourced from renewable energy as feedstock. The term clean ammonia comprises both blue and green ammonia.
Under the MoU, Yara and JERA are targeting collaboration in the following areas:
- Supply and development of new ammonia demand in
Japan including power generation purpose - Sequestration of already captured CO2 (CCS) at Yara’s ammonia plant in Pilbara,
Australia , enabling the production and supply of blue ammonia to JERA - New clean (blue and green) ammonia project development
- Optimization of ammonia logistics to
Japan
JERA is the largest power generation company in
Yara is a world leader in ammonia, with long experience and leading positions within global ammonia production, logistics and trade. The
Contacts
Thor Giæver, SVP Investor Relations
Mobile: (+47) 480 75 356
E-mail: thor.giaver@yara.com
Mobile: (+47) 481 80 451
E-mail: josiane.kremer@yara.com
About JERA
Established in 2015 as an equal joint venture between two major Japanese electric companies (
JERA’s mission is to provide cutting-edge solutions to the world's energy issues by offering to other countries energy supply models established in
JERA’s current global power generation capacity is approximately 80GW and its LNG transaction volume is approximately 36MTPA—among the largest in the world.
For further details: https://www.jera.co.jp/english/
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
Founded in 1905 to solve the emerging famine in
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Attachments
- 2021-05-11 JERA Hekinan thermal power
- 2021-05-11 Aerial YPF YPN
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