Core Viewpoint - JERA, Japan's largest power generation company, is advancing the renovation of its Hekinan Thermal Power Plant Unit 4, aiming for commercial operation of 20% ammonia-coal co-firing by 2029, marking the world's first large-scale commercial application of ammonia as a fuel [1] Group 1: Project Details - The project aims to reduce carbon emissions and plans to import low-carbon ammonia from the "Blue Point" project under construction in Louisiana, USA starting in 2029 [1] - The project is a joint venture between JERA, CF Industries, and Mitsui & Co., with an investment of approximately $4 billion [1] - JERA has secured a 15-year subsidy from the Japanese government to offset the cost difference between ammonia and coal [1] Group 2: Future Plans - Despite the slowdown in global energy transition due to high costs of hydrogen and ammonia, JERA's management believes that continuing decarbonization efforts is the best preparation for the future [1] - After achieving the 20% co-firing target in Unit 4, JERA plans to promote the technology to other units and is considering demonstrations with over 50% blending ratio to support its goal of net-zero emissions in domestic operations by 2050 [1]