October 3, 2023
 

Sembcorp, IHI and GE Vernova to explore retrofitting of power plant with ammonia-firing capabilities

Singapore-based Sembcorp Industries (Sembcorp), IHI Corporation (IHI) and GE Vernova’s Gas Power business have signed a non-binding Memorandum of Understanding (MOU) to jointly explore the potential retrofitting of Sembcorp’s Sakra power plant in Singapore with ammonia-firing capabilities.

This partnership is an extension of an earlier MOU between Sembcorp and IHI in 2022 to explore decarbonization pathways for the power and industrial sector, in particular ammonia direct combustion systems. The partnership also builds upon a separate cooperation between IHI and GE Vernova on developing a retrofittable, 100% ammonia-capable combustion system that is compatible with specific GE Vernova turbine models.

The project will potentially assist Sembcorp to generate low-carbon energy from its existing power plant assets and support Singapore’s efforts to diversify its energy sources and decarbonise the power sector. This is also expected to bolster industry confidence for the development of an ammonia value chain in Singapore.

Sembcorp Cogen @ Sakra was Singapore’s largest and most efficient cogeneration plant when it was commissioned in 2001. We are now taking the next step to support decarbonisation efforts through the potential retrofitting of the power plant with ammonia-firing capabilities. As a pioneer in adopting technologies to reduce carbon footprint, Sembcorp remains committed to decarbonizing the power generation sector and driving energy transition.

IHI is developing ammonia combustion technologies and infrastructure solutions that can be safely retrofitted to existing power generation facilities, thereby establishing true reductions in carbon emissions. The ability to retrofit such technologies also provides decarbonisation pathways that future-proof existing investments in power generation.

The signing of the MOU will not have any material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending 31 December 2023.