NYK is making significant progress in the green ammonia sector by securing a major deal to transport green ammonia produced in India to Japan. This marks a crucial step in Japan's efforts to scale up the use of green ammonia as a sustainable fuel for its power generation industry. Under the agreement, NYK will transport 200,000 metric tons of green ammonia annually from a project based in India to the Kyushu region of Japan, which is home to over 12.6 million people. This initiative is part of a broader collaborative effort involving Sojitz Corporation and SembCorp Industries. Sojitz, a large Japanese corporate group with diverse interests, and SembCorp, a Singaporean company with a substantial renewable energy portfolio, have partnered for over two decades on power projects in Vietnam. Together with Kyushu Electric Power Company, they signed a supply contract for green ammonia in June 2024, with production expected to start in the latter part of the 2020s. The green ammonia will be produced using renewable energy and water electrolysis, a process that aligns with Japan's sustainability goals. Transportation has been identified as a key challenge in this green ammonia project, and NYK is addressing this by building an ammonia carrier in collaboration with Japan Engine, IHI Power Systems, and Nihon Shipyard. The vessel, which will have a capacity of 40,000 cubic meters, is set to be built by Japan Marine United Corporation and is expected to be completed by November 2026. Notably, this new ammonia carrier will also be fuelled by ammonia, highlighting NYK's commitment to advancing green shipping technologies. By securing this transport agreement and participating in the development of specialized ammonia carriers, NYK is positioning itself as a leader in this emerging market. The company leverages its extensive experience in transporting gases to support the growth of green ammonia as a hydrogen carrier and fuel source, thus contributing to the global transition towards cleaner energy solutions.