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Macquarie, ACME help finance renewable ammonia projects
Article

Macquarie, ACME help finance renewable ammonia projects

Julian Atchison August 09, 2023

A $325 million investment from Macquarie Asset Management will support Atlas Agro’s new Pacific Green Fertilizer Plant in Washington state, USA. FID on the plant is due early next year, which will produce 700,000 tonnes of zero-carbon nitrate fertiliser each year.

In India, ACME Group has secured two loans from REC Limited: $500 million to fully finance the first phase of the ACME’s Duqm renewable ammonia project, and $2.5 billion to support the first phases of ACME’s “round the clock” renewable power projects in Odisha and Tail Nadu.

FertigHy: new low-carbon fertiliser consortium launched in Europe
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FertigHy: new low-carbon fertiliser consortium launched in Europe

Julian Atchison August 09, 2023

Founding investors including EIT InnoEnergy, Maire Tecnimont, Siemens and Heineken have launched FertigHy - a new consortium aiming to build and operate large-scale fertiliser projects to supply the EU agricultural sector. The first project will be developed in Spain, producing more than one million metric tonnes per year of low-carbon, nitrogen-based fertilisers for the EU market.

Maritime momentum builds: ammonia-powered container ships, offshore service vessels
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Maritime momentum builds: ammonia-powered container ships, offshore service vessels

Geofrey Njovu August 07, 2023

Seaspan and partners will look towards commercialisation for their large-scale, ammonia-powered container vessel design. Korea Maritime Consultants has been granted AiP for a small-sized container vessel concept for small-scale applications, and the Blaavinge consortium aims to develop their ammonia-powered offshore wind service vessel in time for use in the Utsira Nord project in Norway.

Allianz invests in Norwegian renewable ammonia production
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Allianz invests in Norwegian renewable ammonia production

Julian Atchison July 30, 2023

Allianz will invest €20 million in Fuella, a Norway-based project developer currently working on two renewable ammonia production projects. Fuella’s plants in Skipavika (100,000 tonnes per year) and Korgen (200,000 tonnes) will utilise renewable electricity from Norway’s grid to produce ammonia. The projects will target the marine fuels & fertiliser sectors.

Demonstrating CCS-based ammonia technologies in Japan
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Demonstrating CCS-based ammonia technologies in Japan

Kevin Rouwenhorst July 26, 2023

Our June episode of Ammonia Project Features focused on a new project in Niigata prefecture, which will demonstrate low-carbon, fossil-based ammonia production with a capacity of 500 tonnes per year. As part of the project, Japanese government organization JOGMEC will work with INPEX to develop enhanced gas recovery & CO2 sequestration monitoring technologies. Tsubame BHB will deploy its low-temperature, low-pressure ammonia synthesis technology based on an electride-supported catalyst developed at the Tokyo Institute of Technology.

EverWind acquires onshore wind power for Nova Scotia mega-project
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EverWind acquires onshore wind power for Nova Scotia mega-project

Julian Atchison July 24, 2023

Three wind farms totalling 530 MW will be developed in partnership with RES & First Nation communities to help power the first phase of EverWind Fuel’s mega-project in Point Tupper. EverWind is also planning the development of a further 2 GW of onshore wind energy, plus a 300 MW solar farm. Ammonia from Point Tupper will be exported to the EU, beginning in 2025.