GIC & Hy24 will invest $115 million to accelerate the deployment of InterContinental Energy’s portfolio of ammonia mega-projects. In the USA, Electric Hydrogen has closed a $380 million Series C funding round, accelerating plans to build a gigafactory in Massachusetts and deliver its first PEM electrolysers in 2024.
As part of our Maritime Ammonia Insights series, we explore progress onboard the NH3 Kraken, Amogy’s ammonia-powered tug being developed in New York state. We heard updates on vessel retrofits, design points, project partners, the ongoing relationship with the US Coast Guard, HAZOP assessments, regulatory work and the remaining challenges before the tug hits the water for operational trials. Amogy’s Abigail Jablanksky and Chief Safety Solutions’ Herbert Fowlkes joined Conor Furstenberg Stott in conversation.
OCI will offtake electrolytic hydrogen feedstock from New Fortress Energy’s ZeroParks facility from 2025, allowing for the production of 80,000 tonnes per year of renewable ammonia at its Beaumont plant in Texas. This “over-the-fence” feedstock approach will also be employed in the development of a new multi-million tonne per year, greenfield ammonia plant in Beaumont, with Linde to own & operate an adjacent, CCS-based hydrogen production plant.
CF Industries & POSCO will commence a FEED study on CCS-based ammonia production at CF’s Blue Point Complex in Louisiana as part of a potential joint venture in low-carbon ammonia production, with long-term offtake to South Korea.
Topsoe will supply its ammonia loop technology to the million tonne per year renewable ammonia project in Newfoundland. Crown lands application approval means that project developers World Energy GH2 have now secured full land capacity for both initial and potential expansion phases for the project.
New analysis from the Global Maritime Forum has found that the cost gap between ammonia fuel and conventional fuel could be closed as early as 2026 for their new NoGAPS vessel. A series of levers need to be pulled to fully finance NoGAPS and similar vessels (such as long-term charters), but the authors report favorable deals should be readily available. The authors also map out three commercial pathways for NoGAPS to operate, the easiest being exclusive bunkering on the US Gulf Coast.