Petronas and JERA will intensify their collaboration on supply chains for ammonia and hydrogen fuels as part of a new agreement.
The companies today (9th Feb) virtually formalised a Memorandum of Understanding (MoU), through which they will collaborate on a wide range of low-carbon energy initiatives, including hydrogen, ammonia and LNG.
“We are proud to elevate our four-decade long relationship with JERA which will not only see us explore emerging low-carbon energy sources such as ammonia and hydrogen but also to strengthen our LNG partnership,” said Adnan Zainal Abidin, Executive Vice-President, Gas & New Energy at Petronas.
“Importantly, the scope of collaboration also opens up opportunities across Petronas’ integrated value chain and beyond the borders of Japan as we seek to grow the use of low-carbon energy sources globally.”
Today’s commitment is a result of both companies’ vision to achieve net zero carbon emissions.
In November 2020, PETRONAS announced its aspiration to achieve ‘Net Zero Carbon Emissions by 2050” as part of its holistic approach to sustainability and to grow the business in ways that contribute positively to society and the environment.
JERA, around the same time, established the ‘JERA Zero CO2 Emissions 2050’ in October 2020, which are guided by advances in decarbonisation technology, economic rationality, and consistency with Japanese government policies.