Mitsubishi Heavy Industries Ltd. (MHI) and Orica have signed a Memorandum of Understanding to partner on emission reduction initiatives as part of their shared decarbonization goals.
The partnership will utilize MHI's manufacturing excellence and innovation and Orica's existing presence and emerging opportunities in the global renewable hydrogen and ammonia markets.
The collaboration will include areas such as:
- Exploring technology deployment opportunities for renewable hydrogen and renewable ammonia production near Orica's facilities in Newcastle and Gladstone, Australia.
- Creating demand opportunities for renewable hydrogen and renewable ammonia in agriculture, maritime, industrial, and power generation industries.
- Investigating activities to further reduce emissions from Orica's existing operations.
Orica's sustainability goals will be supported by partnerships and investment in decarbonization and the production of renewable hydrogen and renewable ammonia. These steps will also favor individual targets of existing and future customers in Asian growth markets like Japan.
"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,” said Orica Chief Development and Sustainability Officer Andrew Stewart. “We look forward to working with MHI to explore potential emissions reduction opportunities for our organizations and our customers."