Fertiglobe's Billion-Dollar Investment in Blue Ammonia Production in UAE
Key Ideas
- Fertiglobe plc plans to invest over US$1 billion to produce cleaner blue ammonia in the UAE for Asian markets.
- The blue ammonia project aims to cut CO2 emissions by 50% compared to traditional ammonia production methods.
- The company also has plans for a green ammonia plant in Egypt, with a carbon-free production process and renewable energy integration.
- Fertiglobe's innovative approach involves carbon capture technology to reduce environmental impact and diversifying ammonia usage as bunker fuel.
Fertiglobe plc, an Emirati firm, is poised to invest more than US$1 billion in producing cleaner ammonia in the United Arab Emirates. The company's CEO, Ahmed El-Hoshy, highlighted plans to upgrade an existing project in Ruwais, UAE, to produce blue ammonia by 2027. This blue ammonia, created with hydrogen from Borouge plc's operation and with Mitsui & Co and GS Energy Corp partnerships, aims to significantly reduce CO2 emissions. Fertiglobe's strategy includes the use of carbon-capture technology to trap and store CO2, distinguishing it from traditional ammonia production. Additionally, the firm intends to explore green ammonia production in Egypt with a carbon-neutral process supported by renewable energy generation. The company's commitment to sustainability extends to burying carbon dioxide and potentially supplying blue ammonia as bunker fuel. Fertiglobe's innovative approach to ammonia production signifies a positive step towards cleaner energy solutions and aligns with global efforts to reduce carbon emissions.