OCI Global will supply clean ammonia to Korea from this year as part of a new agreement with Lotte Fine Chemical. The pair will also develop a global ammonia bunkering network by leveraging their existing infrastructure. Meanwhile, CF Industries and Lotte Chemical will explore new opportunities for clean ammonia production on the US Gulf Coast, as well as long-term off take to South Korea.
UAE-based Ocior Energy will invest $4.86 billion each into two separate, million tonne-per-year renewable ammonia projects in India: one in Andhra Pradesh, the other in Gujarat. Last December, Ocior also signed an MoU to develop a green fuels project in the Suez Canal Economic Zone.
Mitsui OSK Lines, Mitsubishi, Chiyoda and the Electricity Generation Authority of Thailand will work together to build a clean hydrogen & ammonia value chain, with production based on renewable energy generation in southern Thailand. The MoU was signed on the sidelines of the official launch of the Asian Zero Emissions Community: a new region-wide initiative to drive the energy transition in Asia.
India-based Essar Group will invest $2.4 billion on low-carbon projects at the Stanlow refinery complex near Liverpool, UK. As part of this investment, Essar and Stanlow Terminals will jointly develop an ammonia import terminal. The site will feature deep-water access, cracking facilities and the capacity to handle more than one million tonnes of ammonia imports per year from Gujarat, India.
Exxon Mobil is planning a CCS hydrogen & ammonia production facility at its existing complex in Baytown, Texas, with operations to begin in 2027-8. This week, Korea-based SK Inc. Materials announced they would act as off taker for the CCS ammonia, which will be imported to Korea for use in coal co-combustion.