Uniper SE, a German company and Kyuden International Corporation, a member of the Kyuden Group have signed a memorandum of understanding (MoU) to explore collaboration in H₂ and ammonia trading activities, renewable energy and carbon capture utilization and storage (CCUS) related activities.

The partnership aims to create business opportunities in H₂ and ammonia trading activities through Uniper’s global portfolio of low-carbon and green ammonia and other H₂ derivatives, combined with Kyuden International’s Asian and global operations. The partnership also seeks to unlock further business expansion opportunities in Europe for Kyuden International, leveraging on Uniper’s extensive expertise and commitment to developing more flexible and dispatchable power generation units in its core markets across Europe.

Both companies will continue to strengthen their collaboration to expand their business areas and work towards the realization of a sustainable society.

“We are delighted to partner with Kyuden International. Through this multifaceted collaboration we are committed to advancing innovative and sustainable solutions. By combining our strengths, we aim to contribute meaningfully to Japan’s decarbonization efforts and explore new business opportunities. We value this partnership and look forward to driving impactful change together,” said Andreas Gemballa, CCO of Global Origination at Uniper.

“Through our collaboration with Uniper, an esteemed company, we aim to expand business opportunities in Europe and other regions by leveraging Uniper's extensive expertise. Meanwhile, Uniper seeks to promote business development in Asia, where our company has abundant knowledge. This mutually complementary synergy is anticipated to drive further growth for both companies. Moving forward, we will strive to provide optimal solutions to address the challenges faced by customers in various countries and regions,” said Takashi Mitsuyoshi, President of Kyuden International.