At the recent Japan-India Summit, the governments committed to cooperation on R&D, development of policy, regulations, market mechanisms, infrastructure, and the establishment of a hydrogen/ammonia trade corridor between India and Japan.
At the recent Tokyo International Conference on African Development, Japan-based Mizuho financial group signed MoUs with the Namibia Green Hydrogen Programme and Tsubame BHB for project development in Africa.
Meet LSB Industries and Lapis Carbon Solutions, partners in a CCS retrofit project at LSB’s existing ammonia production facility in El Dorado, Arkansas. Based on the annual production of 375,000 tons of ammonia, 450,000 tons per year of concentrated carbon dioxide per year will be sequestered from 2026 onward.
The Solar Energy Corporation has completed its first subsidy program for renewable ammonia, awarding the thirteenth and final contract this week. ACME Cleantech won six contracts, totalling 370,000 tons production per year.
Mitsui O.S.K. Lines and ITOCHU will use their own vessels to demonstrate ship to ship ammonia bunkering in Singapore in 2027. This week, ITOCHU also signed collaboration agreements for the development of ammonia bunkering near the Suez Canal.
NatWest’s five-year Climate for Transition (CFT) framework will see the UK bank finance £200 billion worth of investments aligned with climate and transition focused finance. Low carbon fuels such as CCS-based and renewable hydrogen and ammonia feature prominently in the framework.
Larsen & Toubro and ITOCHU will develop and commercialise a 300,000 tons per year renewable ammonia plant in Kandla, on India’s west coast. L&T reportedly plans to invest over $5.6 billion in six ammonia production plants around Kandla, serving marine fuel, bunker and export markets.
Following the then-record delivery price submitted in early August, Jakson Green has now committed to supply 85,000 tons per year of renewable ammonia over a ten-year fixed contract, with a fixed delivery price of approximately $580 per ton. Three more price discovery data points were also announced last week, meaning we now have six of the thirteen subsidy winners announced.
Various elements – different definitions for “green” hydrogen, subsidy structures, and transportation & logistics costs – all contribute to the gap between discovered prices for the H2Global and SECI renewable ammonia auctions. More SECI auction results are expected in the coming days and weeks.
Targeting FID later this year, ATOME has received $50 million in funding support from the Green Climate Fund, and an additional $135 million from the European Investment Bank for its Villeta renewable fertiliser project in Paraguay.