MOL, JERA Sign Long-Term Time Charter Contract for 2 Ammonia Carriers- Major Step in Establishing Japan’s First Large-Scale Low-Carbon Ammonia Value Chain

AI Summary

Mitsui O.S.K. Lines and JERA have signed a long-term time charter contract for two very large gas carriers to transport low-carbon ammonia from the Blue Point Project in Louisiana to Japan’s Hekinan Thermal Power Station. This marks a significant step in establishing Japan’s large-scale low-carbon ammonia supply chain.

Mitsui O.S.K. Lines, Ltd. announced the signing of a long-term time charter contract with JERA Co., Inc. for two very large gas carriers (VLGCs). The vessels will transport low-carbon ammonia (Note 1) produced in the Blue Point Project in Louisiana, U.S.-in which JERA has invested-to JERA’s Hekinan Thermal Power Station (Hekinan City, Aichi Prefecture) beginning ...