Mitsubishi Heavy Industries Ltd. (MHI) and Orica have signed a Memorandum of Understanding to explore potential opportunities for collaboration on emission reduction initiatives, aligned with MHI and Orica's shared decarbonisation ambitions. The collaboration will leverage MHI's reputation for manufacturing excellence and innovation, as well as Orica's existing presence and emerging opportunities in the global renewable hydrogen and ammonia markets, Orica said in a media release.
The collaboration covers various areas of mutual interest, including:
exploring technology deployment opportunities for renewable hydrogen and renewable ammonia production near Orica's facilities in Newcastle and Gladstone, Australia
creating demand opportunities for renewable hydrogen and renewable ammonia in the power generation, maritime, industrial and agricultural industries
investigating activities to further reduce emissions from Orica's existing operations.
Orica is one of the world's leading mining and infrastructure solutions providers.