Construction begins on clean ammonia production facility in UAE, project loan agreement signed
Published by Jack Roscoe,
Editorial Assistant
World Fertilizer,
Mitsui alongside TA'ZIZ , Fertiglobe, and South Korea's GS Energy Corporation, has agreed to commence construction of an ammonia production facility in the United Arab Emirates. In addition, Mitsui has signed a loan agreement with Japan Bank for International Cooperation to finance the development of the project.
The project involves the construction of an ammonia production facility in Al Ruwais, UAE. Starting from 2027, the plant is expected to produce 1 million tpy of ammonia with lower CO2 emissions compared to conventional ammonia. To achieve CO2 emission reductions, additional facilities will be installed in the plant to capture and store CO2 emitted in the manufacturing process, with plans to begin production of clean ammonia by 2030. In addition to its participation in the project, Mitsui will offtake a certain volume of the clean ammonia produced at the plant for supplying Japan and other Asian markets, thereby contributing to the decarbonisation of society as a whole, through its use in fuel applications, chemical and fertilizer feedstock applications, and other industries.
Mitsui has been handling ammonia for about 50 years, and continues to be the largest importer to Japan for many years. Mitsui and ADNOC have been jointly developing and managing liquefied natural gas (LNG) plant in the UAE since the 1970s. By combining cross-industry expertise and partnerships cultivated through our existing businesses, the company will promote the establishment of a clean ammonia supply chain, and respond to the decarbonisation needs of each country and region.
In its Medium-term Management Plan 2026, Mitsui has designated Global Energy Transition as one of its Key Strategic Initiatives, and positioned clean ammonia, which does not emit CO2 during combustion, as one of the promising options for next-generation fuels, and will strive to contribute to the realisation of a decarbonised society through this business initiative.
Read the article online at: https://www.worldfertilizer.com/project-news/27062024/construction-begins-on-clean-ammonia-production-facility-in-uae-project-loan-agreement-signed/
You might also like
Trammo and Elengy sign MoU for low-carbon ammonia import terminal project in France
The project involves the redevelopment of part of Elengy’s Fos Tonkin LNG terminal site into a low-carbon ammonia import terminal.