JERA Concluded Agreement with ReNew to Jointly Develop a Green Ammonia Production Project

Source: 4/19/2024, Location: Asia

JERA Co., Inc (“JERA”) announces that it has concluded an agreement with ReNew E-Fuels Private Limited, a subsidiary of ReNew Energy Global PLC (“ReNew”), among the largest clean energy companies globally, to jointly develop a green ammonia production project.

Under the agreement, JERA and ReNew will study the following:
• Jointly develop a project (“the Project”) from basic design through detailed design for the production of ammonia in Paradip in the state of Odisha in eastern India, using ~500 MW of high capacity utilization factor (CUF) renewable energy, and to use this green hydrogen as a raw material to produce approximately 100,000 tons of green ammonia annually.

• Supply green ammonia produced from the Project to Japan approximately 100,000 tonnes annually with JERA.

The Government of India has launched various schemes to support the green hydrogen and ammonia ecosystem under its National Green Hydrogen Mission. India has a high potential for renewable energy and is poised to become a base for green hydrogen and ammonia production in Asia. The Government of Japan also has announced schemes for accelerating transition to clean energy.

JERA has built a good relationship with ReNew since 2017. ReNew is studying the development of green fuel projects globally. This Project will leverage ReNew's proven capabilities in renewable energy development and solutioning and JERA's expertise in building full value chains.

Because green ammonia is produced using renewable energy, we believe they will make a substantial contribution to achieving our "JERA Zero CO2 Emissions 2050" objective. Our cooperation with ReNew signifies both companies' commitment to bolstering the strong relationship between Japan and India, while advancing their respective goals of achieving Net Zero and promoting green hydrogen, along with achieving the global transition to a decarbonized society.

In this Project, JERA will accelerate the development of renewable energy, which is essential for the production of green hydrogen and ammonia, through JERA Nex, which is a newly formed renewable energy business company, established by JERA.

JERA will continue to work with leading companies in Japan and overseas to establish and expand hydrogen and ammonia supply chains, thereby contributing to global decarbonization and to solving energy issues, particularly in Asia.

Yukio Kani, Global CEO & Chair of JERA said, "Since 2017, JERA has maintained a strong partnership with ReNew, and we are pleased to expand this collaboration to the next level: the first green hydrogen and ammonia development project for JERA. This joint development agreement represents a significant milestone and an exciting advancement moving us one step closer to realizing decarbonized society, with a focus on the sustainability, affordability, and stability of future energy.”

Sumant Sinha, Founder, Chairman & CEO, ReNew said, "This collaboration marks an exciting time for both ReNew and JERA and demonstrates our commitment in accelerating the clean energy transition. Green ammonia holds immense potential in reducing carbon emissions and the project, once ready, will contribute to a cleaner future and support India's National Green Hydrogen Mission."

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