JERA finalizes billion-dollar loan for Blue Point project
Japan Bank for International Cooperation will lead a co-financed, billion dollar loan to JERA for investment in the Blue Point mega-project in the USA.
Japan Bank for International Cooperation will lead a co-financed, billion dollar loan to JERA for investment in the Blue Point mega-project in the USA.
Mitsubishi Shipbuilding has shipped two critical marine fuel system elements to Japan Engine Corporation for integration with J-ENG’s two-stroke ammonia engine, which passed a rigorous testing regime late last year. The engines will power NYK’s ammonia-fueled medium gas carrier vessels, with the first scheduled to enter service later this year.
Kevin Rouwenhorst reports back from the 7th CFAA International Symposium in Tokyo, plus significant progress on the ground for Idemitsu Kosan, NYK Line, Resonac, and IHI Corporation.
Time-charter contracts covering a total of four vessels have been signed with NYK Bulkship and Mitsui O.S.K. Lines to transport ammonia from Louisiana to JERA’s Hekinan Thermal Power Station in Hekinan City, Japan.
Mitsui & Co. and JERA announced that they have been awarded CfD funds by the Japanese government to support the import of CCS-based ammonia from the Blue Point project in Louisiana, USA. By 2030 (2029 in JERA’s case), full supply chains will be established to import the ammonia into Japan, for use in the power generation, cement manufacturing, and other industrial sectors.
Despite the successes and progress made in 2025, the year remains a missed opportunity for ammonia energy. The first complete supply chains for renewable ammonia are emerging, and some 600,000 tons of annual production capacity is set to be online in northeast China early next year. Maritime engines, cracking, and power & heat technology solutions also made their mark, moving from feasibility into deployment. But disappointing outcomes at the IMO and government support that failed to spark market development remains an issue, with plenty of critical, detail-heavy work ahead of us in 2026.
Marubeni will offtake about 250,000 tons per year of CCS-based ammonia from ExxonMobil’s Baytown Texas facility, to be co-fired at the Kobe power plant in Japan. Marubeni joins Trammo, ADNOC, Mitsubishi, Air Liquide and SK Inc. as project partners, with a series of offtake agreements already signed.