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Pilbara renewable ammonia project reaches key milestones
Article

Pilbara renewable ammonia project reaches key milestones

Julian Atchison September 29, 2022

ENGIE has successfully reached a final investment decision on Project Yuri. The collaboration with Yara will see renewable hydrogen feedstock produced next door to Yara’s existing ammonia & fertiliser production facility in Karratha, Western Australia, with construction to commence this year, and production of renewable hydrogen to begin in 2024.

In further developments, Yuri has new stakeholders, with Mitsui & Co. securing a 28% interest stake in Yuri, and Technip Energy being selected to lead EPCC works. And in certification news, the Smart Energy Council also announced it has granted pre-certification for renewable hydrogen & ammonia production from Project Yuri, under the Zero Carbon Certification Scheme.

Singapore: investments, a green corridor partnership and a new bunkering vessel project
Article

Singapore: investments, a green corridor partnership and a new bunkering vessel project

Julian Atchison August 18, 2022

Singapore’s sovereign wealth fund GIC and UK-based Carlyle will both invest in the development of Eneus Energy’s renewable ammonia project pipeline, with plants in the US and UK planned. The Maritime & Port Authority Singapore and Port of Rotterdam have agreed to establish a green maritime corridor by 2027. The agreement will help accelerate the deployment of alternative maritime fuels like ammonia on the critical shipping route, which links two of the world’s largest bunkering ports. And a trio of organisations - PaxOcean Engineering, Hong Lam Marine and Bureau Veritas will jointly develop an ammonia bunkering vessel design.

Ammonia energy funding & acquisitions
Article

Ammonia energy funding & acquisitions

Julian Atchison July 06, 2022

SK Innovation has led a successful $46 million capital funding round for New York-based Amogy. The new funds will go towards two ammonia-powered, heavy vehicle demonstration projects: an eighteen-wheel tractor trailer, and an ocean-going cargo ship. H2SITE has closed a successful €12.5 million Series A funding round led by Breakthrough Energy Ventures to expand manufacturing capacity in Spain, and Sweden-based organisation Alfa Laval will acquire RenCat’s patented ammonia reforming technology.

Ammonia energy financing update: March 2022
Article

Ammonia energy financing update: March 2022

Julian Atchison March 29, 2022

This week we explore some recent funding announcements for ammonia energy:

  • New York-based Amogy receives backing from Amazon and the Empire State Development Fund.
  • Haldor Topsoe reaches an agreement with the European Investment Bank for a €45 million loan to support R&D initiatives.
  • Israel-based H2Pro closes a $75 million funding round to develop its proprietary water splitting technology.
  • Hy2gen closes a €200 million investment round for construction of its green e-fuel facilities, including two green ammonia projects in Norway and Canada.
  • and Australia-based Jupiter Ionics receives $2 million in government funding for development of its electrochemical synthesis technology.

Singapore invests in key green ammonia projects
Article

Singapore invests in key green ammonia projects

Julian Atchison February 02, 2022

Singapore's sovereign wealth fund GIC has agreed to a strategic equity investment in InterContinental Energy, who are currently developing a number of green ammonia "Supergiants". GIC's announcement follows another significant green investment by Singapore, this time in Indonesia. $9 billion will fund a logistics hub in Jakarta and a number of renewable energy projects, with MoUs signed between the heads of state to cement a new focus on decarbonisation and alternative energies

Monolith Materials: new deal with Goodyear, $1 billion loan from DoE
Article

Monolith Materials: new deal with Goodyear, $1 billion loan from DoE

Julian Atchison January 12, 2022

Monolith and Goodyear Tire & Rubber (the only US-headquartered tire manufacturer) will cooperate on the potential use of carbon black byproduct from its Olive Creek ammonia plant in Hallam, Nebraska. In relevant news, a $1.04 billion, Title XVII loan from the US Department of Energy has secured Monolith's expansion plans for Olive Creek, which will see it become the largest producer of carbon black in the US by 2025.