Page 7 - AsiaElec Week 33 2021
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AsiaElec GREEN AMMONIA AsiaElec
Origin, MOL to develop green ammonia
JAPAN
AUSTRALIA’S Origin Energy and Japanese shipping company, Mitsui O.S.K. Lines Ltd. (MOL) are to develop green ammonia exports by developing a supply chain for the renewable market in Australia.
The two partners signed a Memorandum of Understanding (MoU) to explore how Aus- tralian green ammonia projects could supply key downstream markets from 2026, with a joint feasibility study aiming to be completed by December 2021.
Origin is progressing a number of export- scale green hydrogen opportunities across Aus- tralia to meet overseas and domestic demand for lower carbon fuels.
The partnership is looking to win business from global shipping’s needs to decarbonise and find low-carbon fuels to replace dirty bunker fuel.
International shipping accounted for around 2% of global energy-related CO2 emissions in 2019, according to the International Energy Agency (IEA). In that year shipping produced 714mn tonnes of CO2 after seven consecutive years of rising emissions.
In April 2018, the International Maritime Organization agreed to reduce GHG emissions by at least 50% by 2050 compared with a 2008 baseline, with carbon intensity reduction targets for 2030 and 2050.
Origin’s major project is at Bell Bay, Tasmania,
where Origin is carrying out a separate $3.2mn feasibility study into green ammonia production. Origin’s general manager of future fuels, Tracey Boyes said, “Transport is one of the big- gest opportunities globally to achieve emissions abatement through the use of green and renewa-
ble fuels such as hydrogen and ammonia. “With our abundance of renewable resources and proximity to Asian markets, Australia is in the box seat to develop a world-leading hydro- gen sector, exporting low emissions energy all over the world to meet demand for clean energy
from our major trading partners.
“Many nations have committed to ambitious
carbon targets, and partners such as Mitsui O.S.K Lines will be crucial to underpinning the development of a strong hydrogen sector here in Australia.
“Origin is in a strong position to leverage our expertise in LNG export and delivering complex major projects.
“We are delighted to start building a strong working relationship with Mitsui O.S.K. Lines to establish what opportunities there may be, both for future projects, or for projects that we are already investigating,” Boyes said.
The IEA has highlighted the need for the shipping industry to promote the adoption of low- and zero-carbon fuels and technologies for oceangoing vessels.
Week 33 18•August•2021 w w w . N E W S B A S E . c o m P7
