Mitsubishi Heavy Industries and Taiwan Fertilizer Sign MoU for Joint Study on Developing Fuel Ammonia Value Chain in Taiwan

Mitsubishi Heavy Industries, Ltd. (MHI) has signed a Memorandum of Understanding (MoU) with Taiwan Fertilizer Co., Ltd. (TFC) to conduct a joint pre-feasibility study on establishing an ammonia value chain in Taiwan. This initiative supports Taiwan's goal of achieving "2050 Net-Zero Emissions." The MoU outlines the assessment of facilities and economic feasibility for the fuel ammonia value chain, including ammonia receiving, storage, handling, and delivery to power plants, as well as its use as a fuel for power generation. MHI and TFC aim to establish a robust ammonia value chain in Taiwan through this study. Ammonia, composed of hydrogen and nitrogen, is an efficient hydrogen carrier and can be combusted as fuel without producing CO2. As ammonia becomes a prominent clean fuel, establishing a comprehensive value chain from production to utilization will significantly contribute to a carbon-neutral society. In March 2022, the Taiwanese government announced its goal of carbon neutrality by 2050, emphasizing carbon emission reduction and the adoption of low-carbon fuels. TFC is committed to promoting the use of blue and green ammonia as