Chiyoda Corporation (Chiyoda) is pleased to announce that it has entered into a Memorandum of Understanding (MoU) among the Electricity Generation Authority of Thailand (EGAT), Mitsubishi Company (Thailand), and Mitsui O.S.K. Lines (MOL) to jointly study for the development of clean hydrogen and ammonia value chain in Thailand.

The MoU was signed during the Asia Zero Emissions Community (AZEC) public-private investment forum and Ministerial Meeting held in Tokyo on 3-4 March 2023.

The MoU stipulates that Chiyoda, Mitsubishi Thailand, and MOL will cooperate with EGAT, Thailand’s leading state-owned enterprise for electricity generation, in decarbonization projects to achieve the nation’s decarbonization targets. We will jointly study to establish a series of value chains of clean hydrogen and ammonia derived from renewable energy sources in southern Thailand thorough the production, storage, transport, utilization and supply to domestic and international markets.

Thailand is positioned as an important country in the AZEC concept advocated by the Japanese government, and it is expected that the movement toward carbon neutrality will accelerate further in the future.