The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. However, China was insulated from the trend.
The Western Australian government today signed a new Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC) covering hydrogen, ammonia, low emission technology and decarbonisation.
Carbon capture and storage (CCS) will form a key plank in INPEX’s (TYO:1605) efforts to progressively decarbonise its Ichthys liquefied natural gas (LNG) operations in Australia’s Northern Territory. It will also help Japan’s biggest energy company establish the foundations for the next generation of clean fuels.
Indonesia, home to the world’s largest geothermal energy potential, is opening tenders seeking investors to develop this giant resource, as it aims to expand the use of renewable energy to meet its net zero goals.
New Zealand’s renewable energy company Meridian has selected Australia’s Woodside Energy (ASX:WDS) as its partner to develop a large-scale hydrogen and ammonia facility at Southland in New Zealand.
Inpex has taken a final investment decision for Japan’s first demonstration project that will produce clean hydrogen and ammonia in association with carbon capture utilisation and storage (CCUS).
Aramco and Indonesia’s Pertamina have announced they are exploring collaboration across the hydrogen and ammonia value chain in Southeast Asia's largest economy.
Woodside Energy and the Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MOU) aimed at securing a stable supply of energy for Japan and to assist in achieving its decarbonisation goals.
Japan's Inpex and joint venture partner Shell have extended a memorandum of understanding (MOU) with Indonesian utility PLN concerning long-term liquefied natural gas (LNG) supply. They have also expanded the MOU to incorporate joint studies in hydrogen, as well as ammonia, and CCS in relation to the proposed Abadi LNG project at the Masela Block offshore Indonesia.
Malaysia’s Petronas has signed a memorandum of cooperation (MoC) with the Ministry of Economy, Trade and Industry of Japan (METI), as well as a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC), to collaboratively pursue mutual sustainability goals of achieving carbon neutrality by 2050.
Australia’s Woodside Energy has signed a joint research agreement with numerous Japanese partners to study the creation of a ammonia supply chain from Australia to Japan.
Copenhagen Infrastructure Partners (CIP) has reached final close on the world’s largest clean hydrogen fund.
Australia’s Woodside Energy Group (ASX:WDS) has a range of capital expenditure options that cover a US$9 billion projected spend on oil and gas projects out to 2024 and another US$5 billion pencilled in for new energy projects by 2030.
Aberdeen-headquartered Wood has hailed its $230 million business on the other side of the North Sea.
McDermott International has been awarded a pre-front-end engineering design (Pre-FEED) contract from Woodside Energy (ASX:WDS) for the proposed H2Perth project in Western Australia.
India’s state-backed Oil & Natural Gas Corporation (ONGC) and joint venture partner Greenko could invest up to $6.2 billion on Indian renewable energy and green hydrogen projects under the terms of an agreement signed this week, Press Trust of India (PTI) reported.
Oil giant ExxonMobil (NYSE: XOM) is to study the potential for repurposing an oil and gas terminal for use in producing and distributing green hydrogen.
Adnoc has strengthened its low-carbon ties with Japan, signing deals on blue hydrogen and ammonia, during a three-day visit.
While hydrogen can be used in many sectors, its derivative, ammonia, has emerged as a key tool to provide flexible power generation and integrate variable renewables. Analysis by energy research company Wood Mackenzie shows that a 10% ammonia co-firing in global coal plants would translate to 200 million tonnes (Mt) of ammonia demand, a potential market of $100 billion by 2050.
Wood has been appointed as capital delivery partner for Esseco UK’s chemical production facility in Wakefield.
Japan’s JERA has signed a memorandum of understanding with Electricity Generating Public Company Limited (EGCO), a major power generation company in Thailand, to cooperate in the energy transition field. The pair are eying opportunities in LNG, hydrogen, and ammonia.
JERA, the world’s largest buyer of liquefied natural gas (LNG), and Summit Power, Bangladesh’s largest independent power producer, are collaborating on a plan to decarbonise the South Asian nation’s power sector.
Japanese engineering company JGC and Indonesia’s national energy company Pertamina said they will study prospective joint projects in the decarbonisation business field after signing a memorandum of understanding (MoU).
Wood will provide concept engineering for the H2 Magallanes Project, a large-scale green hydrogen facility in southern Chile being developed by Total Eren.
KBR said it has won an ammonia technology contract from South Korea’s Daelim Industrial, or DL E&C, for NeuRizer's carbon-neutral fertiliser project in Australia.