Sembcorp Heads Green Ammonia Transport Project
Company Announcements

Sembcorp Heads Green Ammonia Transport Project

Sembcorp Industries (SG:U96) has released an update.

Sembcorp Industries has partnered with Sojitz, Kyushu Electric, and shipping giant NYK to transport green ammonia from India to Japan, aiming to establish a strong supply chain with production based in India. The project has progressed with the signing of a Heads of Terms and the initiation of engineering work for a plant in Tuticorin, Tamil Nadu. This collaboration represents a significant stride in Sembcorp’s commitment to renewable energy, though it’s not expected to significantly affect the company’s financials for the year.

For further insights into SG:U96 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskSembcorp Industries Announces Successful Note Issuance
TipRanks Singapore Auto-Generated NewsdeskSembcorp and PT PLN Partner for Major Green Hydrogen Project
TipRanks Singapore Auto-Generated NewsdeskSembcorp Secures 150MW Hybrid Power Project in India
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App