Uniper: collaborates with Jera on clean ammonia

(CercleFinance.com) - JERA and Uniper are collaborating to facilitate the development of an initial 2 MTPA of clean ammonia production, with the potential to expand to 8 MTPA, to accelerate the production and supply of carbon-free fuels from the US for use in the US, Europe and Asia.


The proposed facility on the US Gulf Coast is designed to produce hydrogen and convert it into clean ammonia to be supplied to JERA and Uniper under long-term sales and purchase agreements, with Europe as the initial export market, with Uniper targeting approximately 1 MTPA of green ammonia from all sources by the end of the decade.

Both companies are working together to optimise their LNG portfolios. This will enable Uniper to supply additional LNG to Germany and JERA to Japan and beyond.

However, this news appears to go unheeded today, with the Uniper share still down over 10% for reasons mentioned above.


Copyright (c) 2022 CercleFinance.com. All rights reserved.