PlasmaLeap Technologies has secured almost AU$30 million in Series A funding to further develop its plasma-assisted, NOX electrolysis technology process, and to progress deployment of decentralized “fertiliser hubs”. Also in Australia, OzAmmonia has signed an MoU with Jakson Green to explore a pilot project in India, demonstrating OzAmmonia’s NOX-to-ammonia technology.
A new study from the pair has found that, with the right regulatory settings, verified low-carbon ammonia marine fuel produced in China can achieve cost parity with VLSFO and LNG at current prices, even before additional subsidies or rewards are applied.
New academic research from the University College of London recommends immediate acceleration of ammonia deployment, helping to establish marine ammonia fuel within “commercial niches” by the end of the decade. While LNG and methanol generate some benefits, they risk competing with – rather than enabling – the long-term solution that is ZNZ (zero or near-zero emissions) marine ammonia fuel.
To be managed by the European Investment Bank, the grants include €35 million to Norwegian company Scatec for its under-development Egypt Green project in Ain Sokhna, with FID expected in the coming months.
Explore one of Uzbekistan’s first renewable ammonia projects, and the role of state-owned company Uzkimyosanoat in decarbonizing fertilizer production in the central Asian country.
In marine ammonia news to begin 2024, we explore a volume-efficient, “prismatic” ammonia fuel tank design, a new long-term charter for ammonia shipping in the Pacific region, and two global gas exporters ordering ammonia-capable carriers for their fleets.
Singapore's sovereign wealth fund GIC has agreed to a strategic equity investment in InterContinental Energy, who are currently developing a number of green ammonia "Supergiants". GIC's announcement follows another significant green investment by Singapore, this time in Indonesia. $9 billion will fund a logistics hub in Jakarta and a number of renewable energy projects, with MoUs signed between the heads of state to cement a new focus on decarbonisation and alternative energies
Decarbonisation of Yara's Porsgrunn ammonia plant took another step this week, with Linde Engineering selected to build a 24 MW, demonstration-scale electrolysis plant to produce green hydrogen for ammonia production. The electrolysers themselves will be provided by UK-based ITM Power, who indicate that the units will be shipped towards the end of this year.
The new report from ISPT is the culmination of the Hydrohub Gigawatt Scale Elektrolyser project, and presents a detailed design for an advanced, GW-scale green hydrogen plant. The greenfield design could be up-and-running in a Dutch port area by 2030, and would have total investment cost levels of 730 €/kW for alkaline water electrolysis, or 830 €/kW for PEM water electolysis. This translates to about half the CAPEX required for a state-of-the-art design from 2020.