Jera Executive: Plans To Offtake 490,000 Metric Tons Of Ammonia Annually From U.S. Blue Point Project, Reflecting Its 35% Stake

April 9 (Reuters) -

• JERA EXECUTIVE: PLANS TO OFFTAKE 490,000 METRIC TONS OF AMMONIA ANNUALLY FROM U.S. BLUE POINT PROJECT, REFLECTING ITS 35% STAKE

• JERA EXECUTIVE: PLANS TO RECEIVE TAX CREDIT UNDER U.S. IRA FOR BLUE POINT PROJECT

• JERA EXECUTIVE:

• JAPAN'S JERA EXECUTIVE: BLUE POINT DEAL ALIGNS WITH U.S. PRESIDENT TRUMP’S POLICY OF PROMOTING U.S. INVESTMENT AND JOB CREATION

• JERA EXECUTIVE: CONSIDERING SUPPLYING AMMONIA PRIMARILY TO HEKINAN THERMAL POWER PLANT IN CENTRAL JAPAN, BUT DETAILS YET TO BE FINALISED

• JERA EXECUTIVE: HOPING TO RECEIVE PRICE DIFFERENTIAL SUPPORT FROM JAPANESE GOVERNMENT FOR THE DIFFERENCE BETWEEN AMMONIA AND COAL PRICES

• JERA EXECUTIVE: WE ARE IN TALKS WITH NIPPON YUSEN AND MITSUI O.S.K. REGARDING AMMONIA CARRIERS, INCLUDING POTENTIAL NEW ORDERS

• JERA EXECUTIVE: EXPECTING AMMONIA DEMAND FROM EUROPE AND OTHER REGIONS FOR POWER, INDUSTRIAL, AND MARINE USE TO EMERGE AT PROJECT LAUNCH

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