Timo Bollerhey’s keynote will highlight H2Global’s incentive programs to accelerate early imports of hydrogen derivatives to Europe. Additionally, he will share insights and findings from the inaugural pilot auction for green ammonia.
Finance
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Uzbekistan renewable pilot progresses
LONGi Hydrogen announced the delivery of four alkaline electrolyser units to ACWA Power’s 20 MW, renewable ammonia pilot project in Uzbekistan. To help finance the project, the European Bank for Reconstruction and Development committed to a $65 million assistance package in August.
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Global Hydrogen Review 2024: FID doubles, low-emission ammonia takes center stage
As shown in the IEA’s recently released Global Hydrogen Review 2024, the cumulative hydrogen production capacity reaching Final Investment Decision has doubled compared to last year. Promisingly, low-emission ammonia comprises a significant portion of both the mature project pipeline and secured offtake volume.
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First Ammonia secures investments for Texas production facility
First Ammonia has closed a successful Series B funding round, including contributions from Asian investors Mercuria Holdings and Manies Group. Funding will go directly towards the construction of First Ammonia’s renewable production plant near the Port of Victoria, Texas.
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Australia, Germany launch joint H2Global auction
The governments of Australia and Germany have agreed to establish a bilateral H2Global tender, contributing €200 million each to a joint auction. The process will be similar to a recently-concluded pilot auction for long-term ammonia exports from Egypt to Rotterdam, and a just-launched Canadian scheme.
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Wabash Valley Resources to receive $1.6 billion in DoE support
The US Department of Energy will provide up to $1.6 billion in loan guarantees for Wabash Valley Resources to finance their CCS-based ammonia production project in Terre Haute, Indiana. Once completed, the project would be Indiana’s only ammonia plant, producing low-emission fertilizer for use in the US Corn Belt.
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Port of Beaumont to establish ammonia export facility
Jefferson Terminal South, a new “state-of-the-art blue ammonia facility”, will include one deep draft berth, with expansion already planned. The Port of Beaumont has issued $382 million in facility revenue bonds to help finance construction.
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AM Green Ammonia reaches FID for its first million tons of renewable ammonia production
AM Green Ammonia, a Greenko spinout entity focused on the production of renewable ammonia in India, announced that it has reached FID on the first phase of a multi-million ton per year plant.
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Spanish government launches support scheme for hydrogen valleys
Spain’s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has outlined a new subsidy program to help establish valleys or clusters for renewable hydrogen production. €1.2 billion in direct capital investment assistance will be allocated across a minimum of three projects, with an auction process to launch later this year.