GIC & Hy24 will invest $115 million to accelerate the deployment of InterContinental Energy’s portfolio of ammonia mega-projects. In the USA, Electric Hydrogen has closed a $380 million Series C funding round, accelerating plans to build a gigafactory in Massachusetts and deliver its first PEM electrolysers in 2024.
CF Industries & POSCO will commence a FEED study on CCS-based ammonia production at CF’s Blue Point Complex in Louisiana as part of a potential joint venture in low-carbon ammonia production, with long-term offtake to South Korea.
Topsoe will supply its ammonia loop technology to the million tonne per year renewable ammonia project in Newfoundland. Crown lands application approval means that project developers World Energy GH2 have now secured full land capacity for both initial and potential expansion phases for the project.
The pair will jointly develop a 1.3 million tonnes per year renewable ammonia production plant in the Gopalpur Industrial Park in Odisha, northeast India. From the adjacent port, ammonia will be shipped domestically, and exported to key global markets.
The state government of Andhra Pradesh launched its new hydrogen and ammonia policy in June, including a production target of up to 2 million tonnes per year of renewable ammonia, plus a raft of incentives to attract project developers to the Indian state. The news comes as India’s Ministry of New and Renewable Energy sets the standard for “green” hydrogen produced in the country.
Earlier this year, the Japanese shipping giant declared a strategic direction which included a substantial role for low carbon ammonia. In our latest episode of Maritime Insights we explored the scope of this new strategy, MOL’s future fuels roadmap, and the wide range of initiatives in play to construct a full value chain for fuel ammonia (including mega-scale production projects).
ACME plans to develop an integrated hydrogen & ammonia project with a 1.2 million tonnes per year annual capacity at the Port of Victoria on the Texas Gulf Coast.
Set to reach FID in 2027, the WGEH project will seek to utilise local wind & solar resources and policy incentives in Western Australia to deliver up to 20 million tonnes of renewable ammonia annually. Korea Electric Power Corporation has agreed to jointly develop the project.
Mitsui OSK Lines has released an alternative fuel roadmap as part of its new environmental strategy, with a significant role for hydrogen & ammonia fuels starting from later this decade. The roadmap is complemented by a new strategic investment in ammonia fuel production in the US, and new partnerships in Singapore & Australia. Learn more about MOL’s future ammonia plans in our upcoming episode of Maritime Ammonia Insights.
The pre-FEED phase for Hyrasia One will conclude at the end of this year. The project expects to build a 2 million tonne per year renewable hydrogen (or 11 million tonnes per year ammonia) facility by 2032 both for local use and for the export market.