Minbos Resources has announced that it has signed a Memorandum of Understanding (MOU) with Stamicarbon.
- The companies are to conduct a 6 month technical study for the Capanda green ammonia plant.
- Technical study to access a mixed production profile of 300 kmtpa of green ammonium nitrate products.
- The MOU and scoping study represent a natural progression of the working partnership, with Stamicarbon having provided technical input for the Minbos proposal to secure up to 200 MW of green power.
- Backed by the company’s average power price of US 1.1c/kWhr and supported by Stamicarbon, Minbos aims to establish Angola as the global leader in green ammonia production.
- The company can also confirm, it has now received a draft of the MOU from the Angolan power authority (RNT-EP). Importantly, the draft affirms the 200 MW power allocation and concessional pricing of an initial 100 MW at US 0.4c/kWhr for 5 years, US 0.8c/kWhr for 20 years and subsequent 100 MW at US 1.5c/kWhr for 25 years.
Minbos CEO Lindsay Reed said: “Having overseen more than 250 fertilizer plants and numerous Green Ammonia initiatives including the world’s first industrial-scale renewable energy Ammonia project located in Kenya, the team at Stamicarbon are eminently qualified to help deliver what will be perhaps the most compelling green energy-powered-project globally. The hydro power-to-ammonia plant will support Angola’s low-carbon and inclusive growth, its agricultural output and its smallholder farmers and communities.”
Commenting on the MOU, Stamicarbon Director of Technology Licensing, David Franz added: “Minbos has secured 200 MW of very inexpensive green power which sets up the Capanda green ammonia project to be not only one of the best green energy-powered-projects globally, but potentially the first green ammonia project that is truly competitive with traditional fossil-fuel alternatives. Additionally, and importantly, the project brings the possibility to unlock local agricultural potential in central Angola with readily available power and a low to no-carbon profile.”
Read the article online at: https://www.worldfertilizer.com/environment/30062022/minbos-and-stamicarbon-sign-mou-on-green-ammonia/