Japan’s JERA has signed a memorandum of understanding (MoU) with Malaysia’s national oil and natural gas company Petronas, agreeing to co-operate in the decarbonisation sector
The MoU specifies that the companies will discuss opportunities to co-operate in promoting the use of LNG in Asian countries and in establishing supply chains for ammonia and hydrogen fuels. Petronas is a leading producer of ammonia in Asia, and is considering the production of green ammonia and hydrogen, while JERA believes there are many businesses in the LNG and decarbonisation sectors in which both companies can collaborate.
JERA said it has been working to achieve virtually zero CO2 emissions from its operations in Japan and overseas by 2050 by expanding renewable energy and developing technologies for zero CO2 emissions thermal power generation, adding that collaboration between a variety of companies is essential for improving the supply chains for green fuels.
JERA corporate vice president Yukio Kani said, “We are pleased to conclude this MoU with Petronas, which shares our goal of achieving net-zero carbon emissions by 2050. We believe that strengthening our co-operation with Petronas will not only expand business opportunities for both companies but also contribute to the stable supply of energy globally and the transition to a decarbonised society.”
A joint venture between Tokyo Electric Power and Chubu Electric Power, JERA is a major buyer of LNG. The company said it will continue to work with energy industry counterparts and other leading companies both in Japan and overseas to strengthen its LNG business, renewables business, and establish and expand green fuel supply chains in an energy market undergoing great change.
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