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JCN Newswire

RWE, LOTTE CHEMICAL Corporation and Mitsubishi Corporation enter into a Joint Study Agreement to develop a clean ammonia project in Port of Corpus Christi in Texas, USA

8 2 月, 2023

TOKYO, Feb 8, 2023 - (JCN Newswire via SEAPRWire.com) - RWE , LOTTE CHEMICAL Corporation (LOTTE) and Mitsubishi Corporation (MC) have formed a strategic alliance to jointly develop stable and large-scale clean ammonia (green and blue ammonia) supply chains in Asia, Europe and the US.Within this alliance, RWE, LOTTE and MC have now signed a Joint Study Agreement (JSA) to develop a large-scale integrated clean ammonia production and export project in Port of Corpus Christi, Texas, USA.Under the JSA, the partners agreed to jointly study the development of a large-scale ammonia facility that integrates green and blue ammonia production and leverages common infrastructure for international exports with a focus on Asia and Europe. The partners target first production by 2030 and a phased build-out of production capacity with multiple production units. In the final build-out stage the project is envisaged to produce up to 10 million tons of clean ammonia per year. The land required for the project is under discussion with the Port of Corpus Christi Authority. The partners are bringing together complementary expertise to develop the project. This JSA complements other preliminary efforts to develop large-scale clean ammonia projects including the South Texas region.RWE is one of the world's leading companies in the field of renewable energy with a strong footprint in the US and is currently driving forward more than 30 green hydrogen projects in its core markets. RWE is committed to developing a globally diversified portfolio of projects and offtake agreements for clean hydrogen and its derivatives, such as ammonia. In this context RWE has announced its plan to build an import terminal for ammonia in Brunsbuttel (Germany) by 2026. In its REPowerEU plan, the EU has set a target of producing 10 million tons of renewable hydrogen domestically and importing 10 million tons of renewable hydrogen by 2030, of which 4 million tons is expected to be hydrogen-as-ammonia. This equates to approximately 20 million tons of ammonia. LOTTE CHEMICAL is Korea's leading chemical company, contributing to the healthy and rich life of humankind through creative challenges and innovation. LOTTE CHEMICAL aims to invest 6 trillion won ($4.3 billion) by 2030 to produce 1.2 million tons of clean hydrogen a year, and hopes to make annual revenue of 5 trillion won ($3.6 billion) from its hydrogen and ammonia business. South Korea's 10th Basic Plan for long-term electricity supply and demand, released in January 2023, announced plans to introduce ammonia and hydrogen as a new energy source. According to the Plan, portion of the Low-carbon power generation will be increased to 2.1 percent of total electricity. LOTTE CHEMICAL will leverage its vast business network, investment capacity and experience in global project operations to establish a hydrogen energy ecosystem, spanning production to distribution and sales, and lead the market.MC started its ammonia trading business from late 1960's and is currently an indirect shareholder of PT Panca Amara Utama (PAU) which is responsible for a plant that produces 700,000 tons/year of ammonia in Indonesia. Japan's Ministry of Economy, Trade and Industry convened a public-private council to promote the introduction of fuel ammonia, and in February 2020 the council announced the roadmap for use of ammonia to power thermal power plants. Assumption is that Japan's annual imports of ammonia will reach 3 million tons by 2030 and 30 million tons by 2050. MC aspires to introduce fuel ammonia in Japan by utilizing such knowledge in the field of ammonia and experience of setting up global energy supply chains, hence MC is looking into such clean energy opportunities globally. Ammonia (NH3) is a compound of nitrogen and hydrogen and is currently used as a raw material for fertilisers, plastics and chemicals. There are growing expectations that ammonia will become a next-generation clean energy source, as ammonia does not emit carbon dioxide when burned. As ammonia requires significantly less cooling for liquefaction than hydrogen, it is also considered to be the most economical carrier for the transport of hydrogen molecules by ship. Blue ammonia is typically referred to as ammonia that is derived from hydrogen that is produced via natural gas feedstock and combining technologies such as carbon capture & storage to ensure the ammonia is low carbon. Green ammonia is typically referred to as ammonia that is derived from hydrogen that is produced via water electrolysis based on renewable energy.About RWE Supply & Trading GmbHRWE Supply & Trading is the interface between RWE and the energy markets around the world. Approximately 1,600 employees from over 50 different countries trade (renewable) electricity, (green) gas, commodities and CO2 emission allowances. Accurate market analysis and a high degree of customer centricity enable them to create innovative energy supply solutions as well as risk management concepts for industrial operations. The trading entity also ensures the commercial optimisation of RWE's power plant dispatch and markets electricity from renewables.About LOTTE CHEMICAL CorporationLOTTE CHEMICAL Corporation is Korea's leading chemical company, contributing to the healthy and rich life of humankind through creative challenges and innovation.Our extensive range of products from polymer to megatrend product groups is widely used in household goods that we frequently encounter in our everyday lives, as well as cutting-edge new materials. Lotte Chemical, the chemical unit of South Korean retail giant Lotte Group, aims to achieve 50 trillion won ($36 billion) in sales in 2030, with about 30 trillion won ($22 billion) to be generated from high value-added specialty products and eco-friendly materials.About Mitsubishi CorporationRepresentative: Katsuya Nakanishi, President and Chief Executive OfficerMain Operations: A global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals solution, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development.For more information, visit: www.mitsubishicorp.com/jp/en/pr/archive/2023/html/0000050759.htmlMitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

PLN has successfully reduced 32 million metric tons of carbon emission in 2022

9 11 月, 2022

Sharm El Sheikh, Egypt, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - PT PLN (Persero) has succeeded in reducing 32 million metric ton GHG carbon emission in 2022 (as of September 2022). This achievement was delivered by President Director of PLN, Darmawan Prasodjo on Decarbonizing Energy Sector for Net Zero Indonesia Pavilion agenda at COP 27 held in Egypt on Monday (7/11).President Director of PLN, Darmawan Prasodjo"I'm proud to say here that we have succeeded to reduce 32 million metric tons CO2 emission in 2022, surpassing our nationally determined contribution (NDC) target," said Darmawan.He explained, to achieve this, PLN conducted a holistic approach to decarbonize its business including expanding renewable energy capacity for power generation, utilizing heat waste from gas plants to generate electricity, using more efficient Coal Fired Power Plants, and implementing biomass co-firing to reduce coal use."We are doing our best and moving as far as we can. Last year, 13 gigawatts (GW) of planned Coal Fired Power Plants was taken out from our business plan, hence we spared 1.8 billion metric tons CO2 emission for the next 25 years," he said.Darmawan acknowledges those efforts are not enough, and PLN will continue to add more renewables from solar, geothermal, hydro, to ocean wave energy to the power system."We are aggressively increasing renewables capacity, and we are looking to maximize the utilization of renewable energy potential in the country. Along with that, we also need to implement the supporting technology to accommodate supply-demand fluctuation for the new system" he adds.To achieve the NZE target in 2060, PLN runs a holistic approach through 8 initiatives. These initiatives consist of early retirement of coal power plant, additional renewable energy, green energy as-a-service, biomass co-firing, hydrogen and ammonia co-firing pilot project, carbon capture and storage, smart grid control system, and electric vehicle ecosystem.Darmawan emphasizes that the global climate change is our collective challenge. Therefore, we need a joint strategy and collaboration from all over the world to develop the supporting technology, innovation and investment to ensure we are on the right pathway to net zero emission."Our paradigm needs to change. The only way is through collaboration".Contact:Gregorius Adi TriantoExecutive Vice President of Corporate Communications and TJSL PLNT: 0217261122Source: PT. Perusahaan Listrik Negara (Persero) [IDX: PLN] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Green business to reduce 26 million tons of CO2 by 2060: Pertamina

7 11 月, 2022

JAKARTA, Nov 7, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina is expecting its green business of new and renewable energy (NRE) to be able to meet its target of reducing 26 million tons of CO2 by 2060, higher than its 2030 target of 11 million tons of CO2 reduction."Pertamina targets New Renewable Energy (NRE) capacity to reach 60GW from solar, hydro, wind power and geothermal, to be able to meet 15 percent market share in 2060," the company's President Director and CEO Nicke Widyawati said in a panel discussion of COP27 in Sharm El Sheikh, Egypt, on Sunday (November 6).It also has a battery production capacity of up to 80 GWh, and sales of 800,000 two-wheel electric vehicles with 1.5 TWh charging station in 2060, as well as an increase in hydrogen energy with an optimal capacity of 3 MTPA.Through the development of the green refinery, Pertamina is committed to increasing the production capacity of biofuels from the current 3,000 bpd to 200,000 bpd in 2060 by focusing on hydrotreated vegetable oil (HVO) and hydro-processed esters and fatty acids (HEFA)."We are also targeting to be able to produce up to 600,000 bpd of B30 and A20 by 2060," Widyawati noted.Considering Indonesia's potential for large carbon capture storage which is estimated to reach about 80 gigatonnes to 400 gigatonnes of C02, Pertamina is eyeing such potential to be a new business of oil and gas."And the majority (of carbon capture storage) are onshore, so we have a competitive advantage compared to other countries in the region," she concluded.Watch the video, A World Class Energy Company, at: https://youtu.be/IIflZaKvaag At the United Nations Climate Change Conference or COP27 Sharm El-Sheikh, Indonesia voiced various actions, strategies, innovations and achievements as a concrete manifestation of leading climate action to prevent global temperature increases.Through soft diplomacy, the Pavilion Indonesia displays the policies and concrete results of previous work, as well as paving the way for future climate ambitions together with relevant parties."Multilateral, collective and integrated action is needed as the only way to overcome a real global threat. We must maintain the spirit of collaboration at COP27," Indonesian Environment and Forestry Minister Siti Nurbaya stated in her speech at the opening of the Pavilion Indonesia during the COP27 in Sharm El-Sheikh, Sunday.In recent decades, governments have shared climate change responsibilities with academia, business, civil society organizations and others.However, the practice of climate change mitigation and adaptation sometimes experiences challenges and limitations, such as the decision-making process influenced by politics as well as disputes due to the priority interests of socio-economy and environment."Sometimes this becomes a paradox, a form of discrepancy in social relevance, so that policies are less effective into action. Therefore, joint action on climate change requires leaders to guide action," Nurbaya said.Under the theme of Stronger Climate Actions Together, Pavilion Indonesia reflects the mission carried out by Indonesian delegation to take urgent action in combating climate change and its impacts, as mandated by goal number 13 of the Sustainable Development Goals (SDGs).Watch the video, A World Class Energy Company, at: https://youtu.be/IIflZaKvaag Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yashinta Difa Pramudyani, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)