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Article

Macquarie, ACME help finance renewable ammonia projects

Julian Atchison August 09, 2023

A $325 million investment from Macquarie Asset Management will support Atlas Agro’s new Pacific Green Fertilizer Plant in Washington state, USA. FID on the plant is due early next year, which will produce 700,000 tonnes of zero-carbon nitrate fertiliser each year.

In India, ACME Group has secured two loans from REC Limited: $500 million to fully finance the first phase of the ACME’s Duqm renewable ammonia project, and $2.5 billion to support the first phases of ACME’s “round the clock” renewable power projects in Odisha and Tail Nadu.

Article

Allianz invests in Norwegian renewable ammonia production

Julian Atchison July 30, 2023

Allianz will invest €20 million in Fuella, a Norway-based project developer currently working on two renewable ammonia production projects. Fuella’s plants in Skipavika (100,000 tonnes per year) and Korgen (200,000 tonnes) will utilise renewable electricity from Norway’s grid to produce ammonia. The projects will target the marine fuels & fertiliser sectors.

Article

H2Global quadruples funding for low-carbon hydrogen and derivatives

Oscar Pearce July 12, 2023

H2Global has quadrupled its funding for low-carbon hydrogen and derivatives, financed by the German Federal Ministry for Economic Affairs and Climate Action. The funding will support H2Global’s contract-for-difference instrument which covers the increased costs of producing “green” hydrogen and provides secure long-term contracts for suppliers.

Article

Hydrogen Headstart: Australia launches review of national strategy, funding priorities

Julian Atchison July 10, 2023

The Australian government’s new Hydrogen Headstart program will invest AUD2 billion across the full value chain, with select projects to receive production credits to bridge the cost gap between conventional and renewable hydrogen. The government has also initiated a review of Australia’s national hydrogen strategy.

Article

DoE launches $1 billion, demand-side scheme to complement Hydrogen Hubs

Julian Atchison July 06, 2023

The US Department of Energy has launched a new scheme to help “catalyze durable, bankable demand” for clean hydrogen & ammonia production. A request for information notice seeks feedback on potential demand-side measures the US government could implement to complement the regional Hydrogen Hubs program.

Article

Copenhagen Infrastructure Partners invests in CWP Global

Julian Atchison June 19, 2023

CIP has announced its strategic investment in CWP Global’s portfolio of hydrogen & ammonia mega-projects, acquiring a 26.67% stake in a key element of CWP’s green hydrogen business. In February, CIP acquired a majority stake in a CCS-based mega-project being developed in Louisiana by the Sustainable Fuels Group.

Article

NEOM project reaches financial close, 30 year offtake secured

Julian Atchison May 30, 2023

The million-tonne-per-year, $8.4 billion renewable hydrogen & ammonia production facility will be built near Al Muwaileh, Saudi Arabia. Project partner Air Products will act as EPC contractor, and has also secured exclusive ammonia offtake rights from NEOM for thirty years.

Article

GX bonds: new Japanese green subsidy program unveiled

Julian Atchison May 17, 2023

Key elements of Japan’s Green Transformation (GX) push have been unveiled, including policy support for the implementation of ammonia energy solutions, and a $1 trillion total public-private investment package. A subsidy scheme to address the price difference between hydrogen, ammonia and fossil fuels is included, with a nominal price tag of $36 billion, running into the 2030s.

Article

IHI: ammonia in the UAE & Malaysia, supporting start-ups

Julian Atchison December 21, 2022

IHI Corporation has announced three new ammonia partnerships this month. In the UAE, it will embark on Dubai’s first “green” ammonia feasibility study with the Emirates National Oil Company Group, with a solar-powered pilot plant to be built. In Malaysia, IHI and Petronas subsidiary Gentari Hydrogen will explore ammonia production from solar power in Johor, Malaysia. And following its investment in US-based Starfire Energy in November, IHI and Japan-based Angel Navi will identify more decarbonisation venture opportunities in Japan and around the world.

Article

New photocatalyst for ammonia decomposition unveiled

Julian Atchison December 07, 2022

Rice University & Syzygy Plasmonics have demonstrated a new copper-iron photocatalyst for ammonia decomposition. The potential to replace expensive, rare materials like ruthenium would be a significant step, and Syzygy aims to couple the new photocatalyst and light-driven, all-electric reactor technology developed at Rice to decarbonise chemical & fuel production. It’s been a big month for Syzygy, which also closed a successful, $76 million Series C funding round, with Aramco, Chevron, LOTTE and Toyota all participating.