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 production facility would be powered by Norwegian hydro-electricity with potential production of up to 20 000 t of green hydrogen and distribution of up to 100 000 t of green ammonia.
Terminal is strategically located to enable import of blue and green ammonia from OCI’s global operations in the Middle East & North Africa at Fertiglobe and the US, connecting to key infrastructure to serve Europe’s future hydrogen deficit.
The companies aim to establish an international supply chain of clean ammonia to realise a decarbonised society.
JBIC and Yara will accelerate the formation of projects for the establishment of a fuel ammonia supply chain through the framework for collaboration between the two parties.
The company is ramping up potash production capability to 18 million t by 2025 and is planning for approximately US$2 billion in additional share repurchases in 2022.
The board of directors of Kima has approved an amicable settlement agreement to end all existing disputes regarding the ammonia and urea project, which was signed on 11 May with Tecnimont.
The board of directors of Yara International ASA has signed a demerger and a merger plan for the internal reorganisation and transfer of Yara's Clean Ammonia business to a wholly-owned subsidiary of Yara.
Proceeds of the divestment (A$2.46 million) are to be applied to complete the Definitive Feasibility Study (DFS) for the Cabinda Phosphate project and studies for the Capanda Green Hydrogen-Ammonia project.
Green hydrogen will be used in Proton Ventures' NFuel unit where, under extremely high pressures, it will be combined with nitrogen from the air to produce ammonia.