Mitsubishi Heavy Industries (MHI) and Orica have signed a Memorandum of Understanding to explore potential collaboration on emission reduction initiatives in line with their shared decarbonisation goals.
The partnership will capitalise on MHI’s manufacturing expertise and innovation, while Orica will explore emerging opportunities in global renewable hydrogen and ammonia markets.
The collaboration encompasses various areas of mutual interest, including:
- exploring renewable hydrogen and renewable ammonia production technology deployment potential near Orica’s operations in Newcastle and Gladstone, Australia
- creating demand in the power production, maritime, industrial, and agricultural sectors for renewable ammonia and hydrogen
- looking for ways to cut emissions even further from Orica’s current operations.
Orica aims for net zero emissions by 2050, positioning the business for a lower carbon world. Its partnerships and investments in decarbonisation and renewable hydrogen and ammonia production will support sustainability goals and individual customer goals, including in key Asian markets like Japan.
“We are delighted to partner with MHI, a company that shares our vision and commitment to a more sustainable future. This collaboration signals another step towards building Orica’s climate resilience and opportunities to support further growth while supporting our customers to achieve their ESG goals. We look forward to working with MHI to explore potential emissions reduction opportunities for our organisations and our customers,” Orica Chief Development and Sustainability Officer Andrew Stewart said.
MHI Senior Executive Vice President Dr Hitoshi Kaguchi stated, “It is a great honour to be able to collaborate with Orica, a leader in decarbonising hard to abate industry and developing low carbon fuel value chain in Australia. We are looking forward to contributing to Orica’s Net Zero Ambition through our reliable technology in the future.”
