Japanese engineering corporation IHI Corporation (IHI) and Dutch tank storage company Royal Vopak (Vopak) have signed a joint development agreement under which they plan to establish a new joint venture for the development and operation of an ammonia terminal in Japan.
Taking into account the ongoing progress of domestic infrastructure development within the country, IHI and Vopak plan to participate in projects centered around the planned ammonia terminal in Japan. The duo aims to start operations in the Japanese fiscal year 2030, focusing on the development of safe and efficient ammonia storage and handling infrastructure.