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Read more at The Business Times."/><meta data-rh="true" property="og:image" content="https://cassette.sphdigital.com.sg/image/businesstimes/c5661d9cde5d760891c65deb28c665fa95b79f912d44be4a342f17cd0c6ff305"/><meta data-rh="true" property="og:image:width" content="1200"/><meta data-rh="true" property="og:image:height" content="630"/><meta data-rh="true" property="og:image:alt" content="At the Indo-Pacific Economic Framework Clean Economy Investor Forum are (from left): Ken Saito, Minister of Economy, Trade and Industry of Japan; Shigeya Kusano, managing executive officer of Sojitz Corporation; Hachiman Yokoi, general manager of the energy Solutions Business Department at Sojitz Corporation; Vipul Tuli, chairman of South Asia, chief executive of hydrogen business and Middle East, and executive director of UK Sembcorp Industries; Wong Kim Yin, group president and chief executive of Sembcorp Industries; Dr Tan See Leng, Singapore's Minister of Manpower and second Minister for Trade and Industry; and Shri Sunil Barthwal, Commerce Secretary of India's Ministry of Commerce and Industry."/><meta data-rh="true" property="fb:admins" content="100008016031098"/><meta data-rh="true" property="fb:pages" content="288031731262011"/><meta data-rh="true" property="fb:app_id" content="328386607332790"/><meta data-rh="true" property="twitter:card" content="summary_large_image"/><meta data-rh="true" property="twitter:site" content="@BusinessTimes"/><meta data-rh="true" property="twitter:title" content="Sembcorp inks in-principle agreement to supply Japan with green ammonia produced in India"/><meta data-rh="true" property="twitter:url" content="https://www.businesstimes.com.sg/esg/sembcorp-inks-principle-agreement-supply-japan-green-ammonia-produced-india"/><meta data-rh="true" property="twitter:description" content="SEMBCORP Green Hydrogen, a wholly owned subsidiary of Sembcorp Industries, has signed a heads of terms with listed Japanese corporates Sojitz Corporation and Kyushu Electric Power for green ammonia offtake. 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mb-4"><h1 data-testid="article-title" class="mb-2 font-lct text-4xl font-bold !leading-[1.3] tracking-[-0.045rem] text-gray-850 md:px-6 md:text-10xl">Sembcorp inks in-principle agreement to supply Japan with green ammonia produced in India</h1><p class="mb-6 mt-2 font-lucida text-xl tracking-[-0.075rem] text-gray-850 md:px-6 md:text-4xl md:leading-normal">This comes after the parties signed a memorandum of understanding in December 2023 </p><div class="mb-6 md:px-6 min-h-[50px] text-gray-850 mt-4 space-y-4 md:flex md:flex-wrap md:space-y-0" data-testid="article-authors-list-component"><div class="flex flex-row items-start justify-start gap-2" data-testid="byline-component"><div class="flex flex-shrink-0 flex-row items-center justify-start"><img class="rounded-full" src="/assets-web2/default-BSkyYMCQ.png" alt="Chong Xin Wei " width="50" height="50"/></div><div class="flex flex-col flex-wrap pl-2"><div class="flex flex-wrap gap-x-1.5"><h4 class="align-middle font-poppins font-semibold text-gray-850 word-break text-base" data-testid="byline-name-component"><a class="!text-gray-850 hover:underline" href="/authors/chong-xin-wei" target="_blank">Chong Xin Wei <!-- --> </a></h4></div><div class="font-public-sans text-xs font-normal leading-6 text-gray-650"><span data-testid="article-published-time">Published <!-- -->Thu, Jun 6, 2024 · 01:17 PM</span></div></div></div></div><div class="mb-3 flex items-center justify-between border-b border-t border-gray-250 py-3 md:mx-6 md:mb-6 md:py-4"><div data-testid="article-keyword-filter-first" class="w-full"><div data-testid="article-top-keyword" class="p-3 inline-block w-full bg-transparent !p-0 relative"><div class="group relative"><div class="flex items-center"><a class="line-clamp-1 place-self-center break-all text-center font-poppins text-base font-semibold capitalize !text-gray-850 border-r-0 px-0 md:px-3" href="/keywords/sembcorp-industries">sembcorp industries</a><button data-size="md" type="button" aria-label="Follow tag" 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src="data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2016%2016'%20fill='%232b2b2b'%3e%3cpath%20d='M4.646%201.646a.5.5%200%200%201%20.708%200l6%206a.5.5%200%200%201%200%20.708l-6%206a.5.5%200%200%201-.708-.708L10.293%208%204.646%202.354a.5.5%200%200%201%200-.708z'/%3e%3c/svg%3e" width="18" height="18"/></div></button></div><div class="splide__track"><ul class="splide__list"><li class="splide__slide"><div class="relative h-full"><div class="mx-auto aspect-3x2 w-full max-w-[1400px] bg-gray-250"></div></div></li></ul></div></div><div class="splide"><div class="splide__track"><ul class="splide__list"><li class="splide__slide"><div><div class="py-2 px-3 font-poppins text-xs text-gray-850 md:px-8">At the Indo-Pacific Economic Framework Clean Economy Investor Forum are (from left): Ken Saito, Minister of Economy, Trade and Industry of Japan; Shigeya Kusano, managing executive officer of Sojitz Corporation; Hachiman Yokoi, general manager of the energy Solutions Business Department at Sojitz Corporation; Vipul Tuli, chairman of South Asia, chief executive of hydrogen business and Middle East, and executive director of UK Sembcorp Industries; Wong Kim Yin, group president and chief executive of Sembcorp Industries; Dr Tan See Leng, Singapore's Minister of Manpower and second Minister for Trade and Industry; and Shri Sunil Barthwal, Commerce Secretary of India's Ministry of Commerce and Industry. PHOTO: SEMBCORP</div></div></li></ul></div></div></div><div class="body-content tracking-tighter mb-6 mt-4 font-lucida text-lg font-medium leading-normal tracking-[-0.05625rem] text-gray-850 antialiased md:px-8 md:text-xl" data-testid="article-paragraphs-component"><div class="relative mb-4 md:mb-6"><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">SEMBCORP Green Hydrogen, a wholly owned subsidiary of Sembcorp Industries, has signed a heads of terms with listed Japanese corporates Sojitz Corporation and Kyushu Electric Power for green ammonia offtake. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">This comes after the parties signed a memorandum of understanding in December 2023 to explore supplying Japan with green ammonia produced in India. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">On Thursday (Jun 6), Sembcorp said it had secured land in India for the development of the facilities. It also noted that it will use renewable energy to produce an initial 200,000 tonnes per annum of green ammonia in India. </p><div class="my-8 md:my-12 w-screen bg-gray-125 transition-all duration-300 border-gray-175 min-h-0 border-y-0 bg-none py-0" style="max-width:0px;margin-left:calc(-1*(0px - 100%) / 2 );height:0"><div data-component="component-container" class="container px-3 sticky top-[120px]"><div class="relative mx-auto w-full md:w-10/12 md:px-8 lg:w-8/12"><div class="text-center text-center" data-testid="advertisement-element"><div id="dfp-ad-imu1" class="adunit-component"></div></div></div></div></div><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Sembcorp said it does not expect the heads of terms to have a material impact on either the group’s earnings per share or its net tangible assets per share for the financial year ending Dec 31, 2024. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The agreement was presented at the Indo-Pacific Economic Framework Clean Economy Investor Forum. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Present at the event were the Japanese Minister of Economy, Trade and Industry Ken Saito; Singapore’s Second Minister for Trade and Industry Dr Tan See Leng; and Commerce Secretary Shri Sunil Barthwal, of India’s Ministry of Commerce and Industry. 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