� The study will develop a master plan for cross-border utilization of green ammonia produced in India, with economic evaluations for use in Singapore and other markets, led by MHI in collaboration with Hygenco, which is MHI's partner in India for this study� Proposals will be made to governments worldwide on measures for adopting carbon-neutral fuels and cooperation effortsMitsubishi Heavy Industries, Ltd. (MHI) announced the commencement of a study to formulate a master plan for the optimal facilities and logistics required to export green hydrogen and green ammonia from India under METI�s FY2023 Global South Future-Oriented Co-Creation supplementary program in collaboration with Hygenco Green Energies, its partner in India(Note1).Today, India is promoting the production of green hydrogen and green ammonia fuel in order to build an export industry. For Japan and various Southeast Asian countries, which are considering the use of these fuels in their medium- to long-term decarbonization strategies, India is expected to be a promising source of supply.Under the newly launched study, MHI will apply its accumulated knowledge and expertise in this area to create models for producing and using green hydrogen and green ammonia under actual environmental conditions and the constraints that affect their transport(Note2). MHI signed a contract with India's Hygenco in August to obtain information related to green ammonia production.Going forward, MHI will link its production and usage models in order to study how to create optimal facilities under economically viable conditions. This will contribute to the formulation of a master plan for utilizing carbon-neutral fuels among countries including India and Singapore. Based on the analytical results of the study's simulation, proposals will in due course be made, in partnership with cooperating partners such as Hygenco, to governments worldwide on measures necessary for promoting the adoption of carbon-neutral fuels and encouraging cooperation on these initiatives.MHI Group will continue pursuing measures to strengthen its business for the energy transition, aiming for decarbonization within the energy supply chain in its quest to achieve carbon neutrality by 2040. Through this project, MHI will support the promotion of decarbonization strategies and business expansion for Japanese and overseas operators in the value chain for utilizing carbon-neutral fuels.