First Ammonia has closed a successful Series B funding round, including contributions from Asian investors Mercuria Holdings and Manies Group. Funding will go directly towards the construction of First Ammonia’s renewable production plant near the Port of Victoria, Texas.
Led by the Global Centre for Maritime Decarbonisation, a consortium has successfully executed a ship-to-ship ammonia transfer in outer anchorage, simulating ammonia bunker fuel operations within a port for the first time.
The governments of Australia and Germany have agreed to establish a bilateral H2Global tender, contributing €200 million each to a joint auction. The process will be similar to a recently-concluded pilot auction for long-term ammonia exports from Egypt to Rotterdam, and a just-launched Canadian scheme.
The US Department of Energy will provide up to $1.6 billion in loan guarantees for Wabash Valley Resources to finance their CCS-based ammonia production project in Terre Haute, Indiana. Once completed, the project would be Indiana’s only ammonia plant, producing low-emission fertilizer for use in the US Corn Belt.
Jefferson Terminal South, a new “state-of-the-art blue ammonia facility”, will include one deep draft berth, with expansion already planned. The Port of Beaumont has issued $382 million in facility revenue bonds to help finance construction.
As part of a new agreement with the Spanish government, Envision Energy will develop a fully integrated green industrial park in Spain, producing key renewable technologies for renewable hydrogen projects in Europe. In Namibia, Envision and Zhero will collaborate on a 500,000 tons per year renewable ammonia plant, to be located near Walvis Bay.
ADNOC will acquire a 35% equity stake in the Baytown mega-project, which is targeting the production of 900,000 tons of CCS-based hydrogen per year. Mitsubishi and project lead Exxon will continue negotiations towards a formal offtake and equity agreement.
The biennial SMM event in Hamburg featured a number of ammonia announcements from across the entire fuel value chain, including deployment timelines for MAN’s two-stroke engines, high-pressure fuel pumps, bunker and container ship designs, and technology integration partnerships.
The trio has inaugurated their “dynamic” renewable ammonia plant in Ramme, Denmark. The facility aims to demonstrate cost-effective, fluctuating ammonia production based on variable power inputs.