[Japan] JERA signs time charter agreements with NYK and MOL for fuel ammonia carriers

As of June 18, 2026, JERA announced that it has entered into time charter agreements with NYK Bulkship and Mitsui O.S.K. Lines, under which each company will provide two fuel ammonia carriers for a total of four vessels. With the transportation component of the value chain secure, the agreements mark an important milestone toward establishing Japan’s first commercial-scale low-carbon ammonia value chain. The carriers will be used to transport low-carbon ammonia produced at the Blue Point Project in Louisiana, USA, which is expected to be used at JERA’s Hekinan Thermal Power Station, one of the largest thermal power plants in Japan. The station enables commercial-scale ammonia substitution combustion with a 20% heat value ratio and is planned to begin around fiscal year 2029. Under the JERA Zero CO2 Emissions 2050 Initiative, JERA aims to achieve net-zero CO2 emissions across its domestic and international operations by 2050.

[1] https://www.jera.co.jp/en/news/information/20260618_2437