Japan’s Mitsubishi, TOYO to Conduct Feasibility Study for Alaska Ammonia Production
- October 5, 2022
- Posted by: Quatro Strategies
- Category: Cleantech
Japan’s Mitsubishi Corp. and TOYO Engineering; together with Hilcorp Alaska and Alaska Gasline Development Corporation (AGDC) will conduct a feasibility study with the aim of producing ammonia in the state’s Cook Inlet region, AGDC said in a statement.
The four companies agreed to “evaluate the commercial feasibility of utilizing North Slope natural gas delivered to Southcentral Alaska via the Alaska LNG Project to produce carbon-free ammonia,” AGDC said.
Alaska’s state owned AGDC also said CO2 emissions from production of the hydrogen-rich fuel can be captured and stored underground in the Cook Inlet basin, which has “world-class carbon sequestration potential.”
Japan, the world’s fifth-biggest CO2 emitter, has targeted to become carbon neutral by 2050. As part of that effort, the country wants to grow its demand for fuel ammonia, which does not emit CO2 when burned.
The costs and emissions associated with shipping ammonia to Asian markets from Alaska are lower compared to the U.S. Gulf Coast, AGDC said.
Japanese companies are also looking to invest in Canada’s Alberta province to produce ammonia and methanol to build global supply chains of greener energy to fight climate change.
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