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Toyo Engineering (6330) · InitiativeAdvanced

Study of a CO2-Free Ammonia Supply Chain Demonstration

First written in FY2020. 11 of 15 entries say "Advanced", first in FY2021. Latest entry: FY2026.

15entries
7years
2from disclosures
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ProgressHeldSoftenedWorseFirst statedFY2020AdvancedFY2021 – FY2023-Q2AdvancedFY2024-Q3 – FY20252020: 120202021: 120212022: 220222023: 420232024: 320242025: 120252026: 32026
Same theme, other companies
Fuel Ammonia Research and Development and Value-Chain DevelopmentA theme 5 companies write about · 0 as a headwind · 5 as a tailwind

3 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「The company signed a shareholders' agreement in November 2024 toward establishing a joint venture and completed FEED in November 2025. Following the resolution to defer deliberations and adoption of the International Maritime Organization (IMO) net-zero framework (NZF) by one year, the timing of commercialization is under consideration.」

    While the Indonesian green ammonia business reached the milestone of completing FEED, the timing of commercialization is now under consideration following the postponement of IMO deliberations.
  2. FY2025AdvancedAnnual report

    「In November 2024, the company signed a shareholders' agreement toward establishing a joint venture.」

    For the green ammonia production and fuel supply business for bunkering in Indonesia, the company signed a shareholders' agreement in November 2024 toward establishing a joint venture, following the joint development agreement with Pupuk Indonesia Holding Company and ITOCHU Corporation and the start of FEED.
  3. FY2025-H1AdvancedAnnual report

    「For fuel ammonia, multiple FS (feasibility studies) and Pre-FEED (conceptual design) studies are progressing to build an end-to-end supply chain from ammonia production through ammonia receiving terminals and hydrogen production by ammonia cracking, and FEED (front-end engineering design) is scheduled to be carried out for multiple projects in FY2024. For the green ammonia business in Indonesia, the company signed a joint development agreement with Pupuk Indonesia Holding Company and ITOCHU Corporation and began FEED.」

    For fuel ammonia, the initiative progressed from multiple FS and Pre-FEED studies to planned FEED implementation, while the Indonesian green ammonia business reached the signing of a joint development agreement with Pupuk Indonesia Holding Company and ITOCHU Corporation and the start of FEED.
  4. FY2024AdvancedAnnual report

    「For fuel ammonia, multiple FS (feasibility studies) and Pre-FEED (conceptual design) studies covering ammonia production and hydrogen production through ammonia cracking are progressing, and FEED (front-end engineering design) is scheduled to be carried out for multiple projects in FY2024.」

    For fuel ammonia, the initiative has progressed from multiple FS and Pre-FEED studies for ammonia production and hydrogen production through ammonia cracking to the planned implementation of multiple FEED studies in FY2024.
  5. FY2024-Q3AdvancedAnnual report

    「For fuel ammonia, multiple FS (feasibility studies) and Pre-FEED (conceptual design) studies are progressing, and FEED (front-end engineering design) is expected to begin for multiple projects from the end of the current fiscal year through the following fiscal year and beyond in some cases.」

    For fuel ammonia, multiple FS and Pre-FEED studies have progressed to the stage where FEED is expected to begin for multiple projects from the end of the current fiscal year through the following fiscal year and beyond in some cases.
  6. FY2024-Q2RestatedAnnual report

    「Multiple FS (feasibility study) and Pre-FEED (preliminary front-end engineering design) projects for fuel ammonia are progressing, and FEED (front-end engineering design) is expected to begin during the current fiscal year.」

    For fuel ammonia, multiple FS and Pre-FEED studies are under way, and the plan continues to state that FEED is expected to begin during the current fiscal year.
  7. FY2024-Q1AdvancedAnnual report

    「Specifically, multiple FS (feasibility study) and Pre-FEED (preliminary front-end engineering design) projects for fuel ammonia are progressing, and FEED (front-end engineering design) is expected to begin during the current fiscal year.」

    The fuel-ammonia business has progressed to the stage where multiple FS and Pre-FEED projects are progressing and FEED is expected to begin during the current fiscal year.
  8. FY2023AdvancedAnnual report

    「As a technology for replacing fossil fuels through the use of ammonia, the company is jointly conducting research and development on the practical application of ammonia fuel in ethylene cracking furnaces with Mitsui Chemicals,Inc., Maruzen Petrochemical Co., Ltd., and Sojitz Machinery Corporation.」

    For fuel ammonia, the company has moved beyond commercialization studies for the supply chain to practical research on ammonia fuel for ethylene cracking furnaces and basic and detailed design of a test furnace.
  9. FY2023-Q3RestatedAnnual report

    「On the demand side of the fuel-ammonia business, several countries have announced plans to import fuel ammonia from the perspective of energy security. On the supply side, the group is advancing FS (feasibility study) and Pre-FEED (preliminary front-end engineering design) work in North America, Australia, the Middle East, South America, and other regions.」

    For fuel ammonia, import plans by several countries and continued efforts to advance FS and Pre-FEED work in North America, Australia, the Middle East, South America, and other regions are disclosed.
  10. FY2023-Q2AdvancedAnnual report

    「On the demand side of the fuel-ammonia business, several countries have announced plans to import fuel ammonia from the perspective of energy security. On the supply side, the group is advancing FS and Pre-FEED work in North America, Australia, the Middle East, South America, and other regions.」

    For fuel ammonia, import plans by several countries have been announced, while on the supply side the company has progressed to conducting FS and Pre-FEED work in North America, Australia, the Middle East, South America, and other regions.
  11. FY2023-Q1AdvancedAnnual report

    「Inquiries are increasing for FS and FEED work aimed at establishing a fuel-ammonia value chain and utilizing CO2 as a resource, as well as for studies concerning CCS and CO2 capture.」

    For the establishment of a fuel-ammonia value chain, inquiries for FS and FEED work have emerged. The company has progressed from studies of ammonia co-firing and blue-ammonia commercialization to inquiries aimed at forming projects.
  12. FY2021AdvancedAnnual report

    「As part of the development of technology for using ammonia as a hydrogen fuel carrier, the company participates as a board member of CFAA (Clean Fuel Ammonia Association). It continues to study CO2 emissions reductions through NH3 co-firing at coal-fired power plants and other facilities, with the aim of demonstrating a CO2-free ammonia supply chain. As an independent project, the company is conducting a commercialization study for a blue ammonia value chain between Eastern Siberia and Japan jointly with Irkutsk Oil Company (IOC), JOGMEC (Japan Organization for Metals and Energy Security), and ITOCHU Corporation.」

    The company has developed its previous studies on green ammonia into participation as a board member of CFAA, studies of NH3 co-firing, and a commercialization study for a blue ammonia business between Eastern Siberia and Japan.
  13. FY2020First statedAnnual report

    「Beginning in the current consolidated fiscal year, the company joined the General Incorporated Association Green Ammonia Consortium and began studying CO2 emissions reductions through NH3 co-firing at coal-fired power plants and other facilities, with the aim of demonstrating a CO2-free ammonia supply chain.」

    The company discloses its membership in the Green Ammonia Consortium and the start of studies on reducing CO2 emissions through NH3 co-firing at coal-fired power plants and other facilities.
Moved together

"Improving the financial position and restoring stakeholder confidence through the rehabilitation plan" moved the same way as this thread, in the same document, in 9 of its 15 moves.

976666★123456
  1. ★This thread
  2. 1Improving the financial position and restoring stakeholder confidence through the rehabilitation plan9×
  3. 2Maintaining the ¥300 billion order-intake scale7×
  4. 3Improving Profitability and Controlling Selling, General and Administrative Expenses6×
  5. 4Financial targets: equity ratio above 25%, equity of ¥60–75 billion, and ROE above 10%6×
  6. 5Collaboration Framework with Overseas Companies for Seabed Resource Development6×
  7. 6Participation in the Reuse of Recovered CO2 and Carbon Recycling6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Toyo Engineering yet. It last moved in the General Meetings of Shareholders of 2026-06-01: "Advanced".
News
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Study of a CO2-Free Ammonia Supply Chain Demonstration | TOYO ENGINEERING CORPORATION (6330) | Komori