Mitsubishi Corporation, a major trading company, is considering participating in a large-scale manufacturing project in the United States regarding ammonia, which is expected to be a next-generation energy source because it does not emit carbon dioxide when burned. I understand.
Ammonia is expected to be a next-generation energy source because it emits no carbon dioxide when burned, and can be mixed with coal to reduce carbon dioxide emissions.
According to a person familiar with the matter, Mitsubishi Corporation is considering participating in an ammonia production project planned at a port called Corpus Christi in the state of Texas in the south of the United States. A memorandum of understanding was signed with a local company to secure the land.
If Mitsubishi Corporation establishes a new base, it will start operating in the first half of the 2030s, and the annual production scale will be up to 10 million tons, which is three times the amount Japan expects to import in 2030.
Interest in the use of ammonia is increasing not only in Japan but also in Asian countries where many thermal power plants are in operation.
At an international conference held online by the Ministry of Economy, Trade and Industry on the 28th, Mitsubishi Corporation will exchange a memorandum of understanding with local companies and then consider business plans and investment scale in more detail.