JERA outlines LNG, renewables, hydrogen as 2035 growth pillars

It targets around $6.4b to $12.8b of investment for each pillar.

JERA identified liquified natural gas, renewables, and hydrogen & ammonia as the company’s three pillars that will support the company’s pathway for 2035 and support its net zero emission goals by 2050.

In a statement, JERA said it target over 35 million tonnes of transaction volume for LNG by 2035 as one of the largest LNG-integrated value chain players globally.

The company also aims to reach 20 gigawatts of renewable capacity to be one of the leading renewables players in the world.

In terms of hydrogen & ammonia, the company aims to reach seven million tonnes of handling volume and to pioneer the global hydrogen & ammonia value chain.

Its three key business strengths areas are business development, optimisation and operations and maintenance.

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‘ With our new growth strategy, we are positioning ourselves at the forefront of the energy transition. Our vision will be made possible through strategic collaborations with our global partners,” said JERA Global CEO and Chair Yukio Kani. 

“Built on mutual goals and a culture of diversity and openness, we and our partners will join forces to embark on a journey to transform the energy sector,” he added.

The company targets a consolidated net profit of $2.2b (JPY350b), and a total cash flow investment of $31.97b (JPY5t), around $6.4b to $12.8b (JPY1t-2t), for each business pillar).

By 2030, JERA aims to phase out its inefficient coal-fired thermal power. It also plans to convert all of its coal-fired power generation to ammonia by 2040.

$1 = JPY156.41