Vopak, IHI to build ammonia storage facilities in Japan

  • Investing.com
  • Stock Market News
Vopak, IHI to build ammonia storage facilities in Japan
Credit: © Reuters.

In a move that responds to growing demand for eco-friendly fuels, Vopak and IHI Corporation have announced a partnership to develop large-scale ammonia storage terminals in Japan. These facilities are designed to bolster the distribution of ammonia as a cleaner alternative fuel, particularly within the maritime sector.

Under the leadership of Chris Robblee, Vopak's President of Asia & Middle Division, the company's initiative with IHI is set to enhance operational efficiency and increase price competitiveness in the shipping industry. By leveraging IHI's expertise in LNG storage technology, the collaboration aims to transform the industry's current dependence on traditional fuels.

IHI's Managing Executive Officer Jun Kobayashi emphasized the importance of optimizing terminal operations to meet the expanding market needs. Ammonia is not only seen as a vital clean energy source for reducing carbon emissions in the power sector but also as an efficient hydrogen carrier.

The strategic partnership brings together IHI's innovative approach to using LNG tank technology and Vopak's vast experience in ammonia storage management, with operations in several countries including China. This project represents a significant step towards creating a more sustainable and competitive fueling infrastructure for global maritime transport.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or