The first phase of production entails 400,000 tons each year (from 2031), with the potential to scale up to one million tons in additional phases. The initial investment is estimated at approximately $5 billion, increasing to $10 billion at full production capacity.
Over 15 years, commencing FY2029, Samsung C&T will offtake ammonia produced at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, Gujarat, northwest India.
Following new agreements signed with the Inter-American Development Bank Group and the International Finance Corporation (part of the World Bank Group), a total of $420 million of finance has now been secured, with the remainder to be soon complete.
China-based Shuangliang Group announced that it has delivered sixteen of its electrolysis units to ACME for the first stage of its renewable ammonia project in Duqm, Oman.
EverWind Fuels has secured a $175 million strategic investment from Nuveen Energy Infrastructure Credit, advancing 650-plus MW of onshore wind in Nova Scotia. The renewable energy is part of the first phase of the Point Tupper renewable ammonia project.
Japan Bank for International Cooperation will lead a co-financed, billion dollar loan to JERA for investment in the Blue Point mega-project in the USA.
In our latest episode of Project Features, we explored progress at AM Green's AMGA-K1 renewable ammonia project in Kakinada, India, including architecture for renewable electricity supply, technology partners, RFNBO pre-certification and offtake agreements. India could potentially become a key global ammonia bunker fuel hub, and has an ecosystem of RFNBO-compliant ammonia production sites emerging.
Kevin Rouwenhorst reports back from the 7th CFAA International Symposium in Tokyo, plus significant progress on the ground for Idemitsu Kosan, NYK Line, Resonac, and IHI Corporation.
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.
Two Namibia-based renewable ammonia projects – Hyphen Hydrogen Energy and Zhero Molecules Walvis Bay – have received development funding from the African Development Bank and the SDG Namibia One Fund, respectively.