JERA AND ADNOC TO COOPERATE IN CLEAN HYDROGEN AND AMMONIA FIELDS
JERA has concluded a Strategic Collaboration Agreement (SCA) with ADNOC, related to cooperation in the clean hydrogen and ammonia fields.
UAE has set out a Net Zero by 2050 Strategic Initiative and aims to become one of the leading producers of clean hydrogen by 2031. ADNOC is expected to play an important role in achieving this target.
JERA and ADNOC have built a good relationship through years of LNG sale and purchase, and have jointly conducted feasibility assessments in the hydrogen and ammonia fields. (On 8th July 2021 press release), We have discussed ways to further deepen cooperation in the hydrogen and ammonia field and concluded this SCA.
The SCA, signed on 17th July, is a continuation of the good collaboration and relationship established between ADNOC and JERA and will reinforce the collaboration toward a value chain in clean hydrogen and ammonia fields, contributing to the expansion of business opportunities for both companies.
In order to achieve its “JERA Zero CO2 Emissions 2050” objective, JERA will continue to work with leading companies in Japan and overseas to establish and expand supply chains for hydrogen and ammonia, thereby contributing to global decarbonization and energy solutions.
Jera is a 50-50 joint venture between TEPCO Fuel & Power, a wholly owned subsidiary of Tokyo Electric Power Company, and Chubu Electric Power.