According to the company’s website press release on November 10, 2022, IHI Corporation announced that it has concluded a memorandum of understanding with Emirates National Oil Company Group (ENOC), the leading integrated international oil and gas player operating across the energy sector value chain, to evaluate the feasibility of tapping the abundant solar resources of Dubai and neighboring emirates in the United Arab Emirates (UAE) to produce and sell green ammonia derived from renewables. ENOC is a Dubai-based integrated global oil and gas player operating across the energy sector value chain. This is Dubai’s first green ammonia feasibility study.
At present, commercially available ammonia derived from fossil fuels emits carbon dioxide during production, but using green ammonia in areas such as power generation, marine fuels, and raw materials for fertilizers makes keeping supply chain CO₂ emissions extremely low possible. Also, technologies for green ammonia production, storage, and transportation are already well-established which will contribute to swift marketplace adoption.
Under the accord, IHI and ENOC group would manufacture green ammonia at the existing assets of ENOC. The two would explore exporting ammonia to Japan and elsewhere in Asia and selling it locally to electric utilities and as fuel for ships. IHI would oversee technical studies and demand surveys in Japan, with ENOC handling local studies such as site selection, applicable regulations and availability of renewable energies and water as hydrogen source. They would build and operate a pilot plant after completing a feasibility assessment.
The UAE will host the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change in 2023. That nation has lifted its carbon dioxide emissions reduction target to 31% by 2030. It has accordingly embarked on a renewables plan that takes advantage of its ample land and sunshine. IHI and the ENOC will collaborate to swiftly establish an ammonia value chain to help materialize the carbon reduction goals of Japan and the UAE.
About ENOC Group:
ENOC Group (Emirates National Oil Company) is a leading integrated international oil and gas player operating across the energy sector value chain. As a wholly owned entity of the Government of Dubai, and integral to the Emirate’s success, ENOC owns and operates assets in the fields of exploration & production, supply & operations, terminals, fuel retail, aviation fuel and petroleum products for commercial & industrial use. The Group’s general business operations include automotive services, non-fuel F&B retail and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a multi-national workforce of over 11,000 employees and is deploying its world-class customer service, latest innovations and technologies as well as best practices to empower the UAE’s social and economic development. For further information, please visit: www.enoc.com
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Published on November 18, 2022 4:10 PM (GMT+8)Last Updated on November 18, 2022 4:10 PM (GMT+8)
