November 27, 2023 -- Mitsubishi Heavy Industries Ltd. (MHI) and Orica have signed a Memorandum of Understanding to explore potential opportunities for collaboration on emission reduction initiatives, aligned with Orica and MHI’s shared decarbonisation ambitions. The collaboration will leverage MHI's reputation for manufacturing excellence and innovation, as well as Orica's existing presence and emerging opportunities in the global renewable hydrogen and ammonia markets.
The collaboration covers various areas of mutual interest, including:
- 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 the power generation, maritime, industrial and agricultural industries
- investigating activities to further reduce emissions from Orica's existing operations.
Orica is building a strong pathway towards achieving net zero emissions by latest 2050, while positioning the business for a lower carbon world. Orica’s continued partnerships and investment in decarbonisation and the production of renewable hydrogen and renewable ammonia will support Orica’s sustainability goals and also support the individual goals of existing and future customers, including in key Asian growth markets such as Japan.
Orica Chief Development and Sustainability Officer, Andrew Stewart, said: "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."
On the signing of the MOU, Dr. Hitoshi Kaguchi, Senior Executive Vice President at MHI responsible for energy transition and the expansion of growth fields, said “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.”
At a glance
- Company
- Mitsubishi Heavy Industries Ltd. (MHI) and Orica
- Announcement
- Partnership
- Location
- Australia
People
- Andrew StewartOrica Chief Development and Sustainability Officer
- Dr. Hitoshi KaguchiMHI Senior Executive Vice President
Products and programs
Orica and MHI team
Orica Kooragang Island Manufacturing Site
Media Contact
Andrew Valler
Head of Communications
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In brief
Mitsubishi Heavy Industries Ltd. (MHI) and Orica have signed a memorandum of understanding to examine potential cooperation on emissions reduction. The companies plan to explore technology deployment for renewable hydrogen and ammonia production near Orica facilities in Newcastle and Gladstone, Australia, along with potential demand in power generation, maritime, industrial and agricultural sectors. They will also investigate ways to reduce emissions from Orica’s current operations. Orica says its partnerships and investments in decarbonisation and renewable fuel production support its sustainability objectives and customers’ goals. Orica Chief Development and Sustainability Officer Andrew Stewart and MHI Senior Executive Vice President Dr. Hitoshi Kaguchi described the agreement as a step toward exploring emissions reduction opportunities and supporting Orica’s net-zero ambition.
Key takeaways
- MHI and Orica signed an MOU to explore cooperation on emissions reduction.
- The companies will examine renewable hydrogen and ammonia production opportunities near Orica sites in Newcastle and Gladstone.
- Potential demand areas include power generation, maritime, industrial and agricultural sectors.
- The collaboration also covers investigating further emissions reductions at Orica’s existing operations.
