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