McDermott Wins FEED Contract for Ascension Clean Energy Project
Key Ideas
- Clean Hydrogen Works awarded McDermott the FEED contract for the ACE Project in Ascension Parish.
- The ACE Project aims to produce clean ammonia, starting with 2.4 million metric tons per year.
- The project, backed by ExxonMobil, Mitsui O.S.K. Lines, and Hafnia, plans for expansion to 7.2 MTPA.
- The ACE Project is set to reach Final Investment Decision by late 2025 and commence production in 2029.
Clean Hydrogen Works revealed the selection of McDermott for the front-end engineering and design (FEED) contract for the Ascension Clean Energy (ACE) Project situated in Ascension Parish. This venture, initiated by CHW in collaboration with ExxonMobil, Mitsui O.S.K. Lines, and Hafnia, aims to kickstart the production of clean ammonia. The ACE Project will commence with an annual production capacity of 2.4 million metric tons, with plans for future expansion to reach 7.2 MTPA in subsequent phases. Anticipated to finalize its investment decision by late 2025, the ACE Project targets the commencement of operations in 2029, showcasing a significant step towards sustainable and clean energy production.