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.
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.
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.
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.
In its quarterly earnings call last month, bp unveiled progress in a number of key renewable hydrogen and ammonia projects. To help decarbonise its existing refinery in Castellón, Spain, a bp and Iberdrola-led consortium has taken FID on the HyVal project. bp also revealed that it will take an equity share and act as operator for the HYPORT Duqm project: a GW-scale ammonia export project being developed in southern Oman.
Trammo will purchase up to 100% of renewable ammonia produced by Allied Green Ammonia in the Northern Territory, Australia, with the first ammonia sales anticipated to occur in late 2028. In further news for AGA’s project, Germany-based EPC firm SPG Steiner will supply two 40,000 ton, cryogenic tanks to store ammonia production before offtake.
Fertiglobe has won the first H2Global pilot auction for renewable ammonia, promising to deliver 397,000 tons of renewable ammonia between 2027 and 2033. H2Global’s announcement comes at the end of a two year auction process. Following the H2Global announcement, Fertiglobe committed to a twenty-year offtake deal for renewable hydrogen feedstock from the Egypt Green Hydrogen project, demonstrating the investor certainty fostered by the auction.
More than $37 billion will be invested across the initial stages of hydrogen and ammonia production projects, ranging in location from the Gulf of Suez to west of the Nile Delta. A series of agreements concerning existing and newly-announced projects were signed at the recent Egypt-EU Investment Conference.
The new loan from the World Bank will go towards programs that support the production of hydrogen via electrolysis, as well as the manufacture of electrolyser units themselves. In June 2023, an initial $1.5 billion was provided from the World Bank to assist implementation of key hydrogen policy measures in India.
CertifHy has awarded RFNBO pre-certification to Greenko subsidiary AM Green for its under-development hydrogen and ammonia production facility in southern India. By 2030, Greenko aims for a capacity of one million tons per year of electrolytic hydrogen, feeding the production of 5 million tons per year of ammonia.