EDF Group has joined Abraxas Power to jointly develop the Exploits Valley Renewable Energy hydrogen and ammonia project in central Newfoundland, Canada. The equity partners aim to reach FID in 2026.
To open the AEA’s 2024 Annual Conference in New Orleans, H2Global Managing Director Timo Bollerhey presented updates from the “green market maker”. To meet global climate targets, we need to accelerate market creation and maturation, and push past key tipping points. H2Global does this by bridging the green premium gap between sellers and buyers and facilitating transactions for clean commodities. A successful first ammonia auction was concluded in 2024, informing plans for a second, larger, truly global auction round that will be launched in the near future.
The AEA and like minded organizations delivered two urgent calls to action at COP29. These documents outline practical actions needed from governments in the next one-to-two years to stimulate demand for clean hydrogen and ammonia. Now through 2025 and 2026, the AEA, its coalition partners, and all our industry members need to channel these messages into national and local policies to scale demand for clean molecules.
2024 has seen successful funding rounds for a number of ammonia energy startups, ranging in focus from catalyst development to next-generation, modular synthesis technologies.
More than 50 leaders across the shipping value chain joined a Call to Action to accelerate the adoption of zero-emission fuels. Amongst the signatories of the Call to Action was Fortescue, which now has partnerships with Höegh Autoliners and COSCO Shipping to accelerate the deployment of ammonia-powered vessels.
ADNOC has announced $2 billion in infrastructure funding for key export enablers in Al Ruwais, including roads and a new port with dedicated chemical terminals. The new port will enable the export of CCS-based ammonia from 2027, with ADNOC’s plant currently under-construction.
Both have announced partnerships and production projects aimed at the decarbonisation of steel production. Utilizing a similar approach from their large-scale ammonia projects, the pair will develop hubs in Mauritania and Brazil, producing hot-briquetted iron for export to Europe.
Meet Woodside Energy to explore the new Beaumont Clean Ammonia Project. Located on the US Gulf Coast, phase one will have the capacity to produce 1.1 million tons per year of ammonia, utilizing gas feedstock. Lower-carbon ammonia production will start in 2026, when Linde will supply hydrogen feedstock to the facility with ExxonMobil to offtake the carbon dioxide associated with Linde’s hydrogen production for transportation and permanent sequestration.
