Sembcorp Green Hydrogen Pte, has signed a memorandum of understanding with Japanese conglomerate Sojitz Corp and energy major Kyushu Electric Power for potential opportunities for green ammonia production, Sembcorp said on Monday.
"With green ammonia as a critical energy source to decarbonise Japan's power supply mix, the partnership will support the (Japanese) government's goal to achieve net zero by 2050," the firm, backed by state-owned investor Temasek Holdings, said in a statement.
Last month, Sembcorp had said it would invest about S$10.5 billion ($7.88 billion), or about 75% of its total investments in 2024-2028, to support renewables growth as it aimed to halve carbon emissions by 2028.
The agreement will also expand Sembcorp's footprint in India where it already has a gross renewable portfolio of 3.7 giga-watts (GW), it added.
($1 = 1.3319 Singapore dollars)
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Dhanya Ann Thoppil and Rashmi Aich)