MoU for ammonia in Alaska

The Alaska Gasline Development Company (ASGD), independent corporation of Alaska, Mitsubishi Corporation, development and operations company, TOYO Engineering Corporation, global engineering company, and Hilcorp Alaska, oil and natural gas exploration and production company, have signed a Memorandum of Understanding (MoU) to assess the potential to produce zero-carbon ammonia in the Cook Inlet basin, southcentral Alaska.

This assessment project will further define Cook Inlet’s potential for producing clean ammonia alongside LNG in Alaska. Ammonia is central to the zero-carbon energy strategies of nations across the Pacific Rim, including Japan and South Korea’s goals to become carbon neutral by 2050.

Round-trip tanker transport from Alaska to key Asian markets is more than 12,000 miles shorter than from the US Gulf Coast, reducing costs and shipping emissions. Alaska delivered a 45-year record of success exporting LNG to Asia.