Finance, Industrial, Sourcing Renewables  -  February 2, 2024

Sempra Infrastructure Signs MOU to Advance Clean Energy Efforts

Sempra Infrastructure, an energy infrastructure company and subsidiary of Sempra, announced that it has entered into a memorandum of understanding (MOU).

The agreement was signed with the Japan Bank for International Cooperation (JBIC) to cooperate on opportunities to advance the energy transition. 

Through this MOU, Sempra Infrastructure and JBIC seek to further project structuring to improve the global energy supply chain through liquefied natural gas (LNG), hydrogen, and other decarbonization efforts in Japan and the U.S.

"Sempra Infrastructure is thrilled to expand its collaboration with JBIC as we look forward to advancing projects that lower the carbon intensity of our energy delivery assets in North America," said Justin Bird, CEO of Sempra Infrastructure, in a statement. "We have built our relationships with customers and the export credit agencies in Japan over the past decade and are excited to expand our relationship with JBIC as we continue developing projects in support of our net-zero business. This collaboration will help us continue advancing our mission of developing energy infrastructure that provides access to safe, secure and affordable energy to our global partners."

The U.S. Department of Energy and Japan's Ministry of Economy, Trade and Industry are currently implementing a Memorandum of Cooperation (MOC) in the field of carbon capture, storage, conversion and recycling, and carbon dioxide removal.