Site items in: Finance

CF, Mitsui & JERA: billion joint project in Louisiana gets FID green light

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CF, Mitsui & JERA: $4 billion joint project in Louisiana gets FID green light

Julian Atchison April 10, 2025

CF Industries, JERA and Mitsui & Co. will jointly invest in, own and operate a $4 billion, low-emission ammonia production project in Louisiana, USA.

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Northern Lights reaches FID on second stage

Julian Atchison April 10, 2025

Project partners Equinor, Shell and TotalEnergies taken FID to progress with phase two of the Northern Lights CCS project off Norway’s coast. The expansion will increase the CO₂ transport and storage capacity from 1.5 million to a minimum of 5 million tons per year.

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First Headstart funding announced in Australia

Julian Atchison March 20, 2025

Once operational, the Copenhagen Infrastructure Partners-led Murchison Green Hydrogen project will receive AU$814 million in hydrogen production credits from the Australian government as part of the Hydrogen Headstart program. Nearly 1.8 million tons of renewable ammonia per year will be produced, primarily for export to Asian markets.

The “Morocco Offer”: billion for six new projects

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The “Morocco Offer”: $30 billion for six new projects

Julian Atchison March 18, 2025

The Moroccan government has extended land allocation offers and streamlined approvals processes to the developers of four new ammonia projects in the country’s south.

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H2Global launches next auction round

Julian Atchison February 24, 2025

The second edition of H2Global’s supply-side auction is organised into five lots - four regional and one global - with around €500 million committed for each eventual contract. Full details for prospective bidders (including roadshow events) are now available.

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Hygenco secures pre-certification for Odisha project

Julian Atchison February 18, 2025

Starting in 2027, Hygenco will produce ammonia compliant with the EU’s RFNBO standard. Pre-certification from CertifHy enables access to key European markets, and marks another project milestone achieved in recent months.

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LUPRO: renewable ammonia production in Oman with offtake to Korea & Thailand

Geofrey Njovu February 11, 2025

Korean energy company LUPRO has entered into a long-term tripartite production, supply and sales agreement with Oman’s Muscat House and Thailand’s MA Corporation for the production and export of renewable ammonia to Asia, beginning in 2027.

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H2Global prepares for second auction round

Geofrey Njovu February 11, 2025

H2Global’s new €3 billion auction for long-term supplies of renewable hydrogen and its derivatives has received EU approval, including €1.2 billion for regional funding in Canada and Australia. H2Global also progressed partnerships with the Tokyo Metropolitan Government, and the Solar Energy Corporation of India.

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Government support for ammonia-powered shipping in Japan, Korea

Julian Atchison January 28, 2025

In Japan, the Ministry of Land, Infrastructure, Transport and Tourism, in cooperation with the Ministry of the Environment will invest $212 million in the domestic manufacture of ammonia engines, fuel tanks and components. In Korea, the national Export-Import Bank has committed to supporting ammonia-fueled newbuilds.

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Beaumont Clean Ammonia: kickstarting low-emission ammonia as a liquid commodity

Kevin Rouwenhorst January 26, 2025

In our December episode of Project Features, Woodside Energy joined us to discuss the Beaumont Clean Ammonia Project in the US Gulf Coast. 1.1 million tons per year of lower-carbon ammonia will be produced from 2026, targeting European import markets. The project bolsters Woodside’s existing and future energy commodity export plans, and sets them up as a first-mover in key global markets for low-emission ammonia.