Uniper and Kyuden International Join Forces for Hydrogen and Ammonia Trade Expansion
Key Ideas
  • Uniper and Kyuden International sign MoU to explore hydrogen, ammonia trading, renewable energy, and CCUS, expanding into each other's markets.
  • Partnership strengthens Uniper's position in Asia's hydrogen economy and Kyuden's access to the European market.
  • Hydrogen demand in Europe and Asia-Pacific is projected to grow significantly, indicating a promising future for hydrogen and ammonia industries.
  • The collaboration between the two companies aims to contribute to Japan's decarbonisation efforts and explore new business opportunities in the energy sector.
German energy company Uniper and Kyuden International, a subsidiary of Kyushu Electric Power Group, have entered into a Memorandum of Understanding (MoU) to delve into hydrogen and ammonia trading, renewable energy, and carbon capture utilisation and storage (CCUS). The strategic partnership aims to facilitate a two-way expansion strategy, with Kyuden looking to penetrate the European market through Uniper's energy infrastructure, while Uniper eyes growth opportunities in Asia's hydrogen and ammonia supply chains. The deal is seen as a significant move in the global energy trade landscape, connecting two major industrial energy markets. The agreement not only strengthens Uniper's presence in Asia but also provides Kyuden access to the growing European hydrogen market. The article projects a positive sentiment towards hydrogen, highlighting the increasing demand for hydrogen in Europe and Asia-Pacific. The data indicates a substantial growth trajectory for hydrogen and ammonia industries, with Europe expected to see a 127% increase in hydrogen demand by 2040. Similarly, Asia-Pacific's demand for hydrogen is set to grow at a CAGR of around 4% until 2034, with a focus on ammonia production. The collaboration between Uniper and Kyuden International is viewed as a step towards supporting Japan's decarbonisation efforts and exploring new business ventures in the evolving energy sector.
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