CHW and McDermott Collaborate on Ascension Clean Energy Project
Key Ideas
- CHW awards McDermott the FEED contract for the ACE Project, a clean energy initiative producing 2.4 MTPA of clean ammonia with expansion plans.
- The ACE Project involves strategic shareholders like ExxonMobil and Mitsui O.S.K. Lines, aiming for regulatory approvals by early 2025.
- The collaboration is set to create new jobs and provide economic benefits to the region, focusing on environmental responsibility and community engagement.
- McDermott's expertise in mega module construction and CHW's commitment to low-carbon energy solutions align to drive the project towards a sustainable future.
Clean Hydrogen Works (CHW) has partnered with McDermott for the Ascension Clean Energy (ACE) Project located in Ascension Parish, Louisiana. The project aims to initially produce 2.4 million metric tons per annum (MTPA) of clean ammonia, with plans for expansion to 7.2 MTPA in subsequent phases. The collaboration includes notable shareholders like ExxonMobil and Mitsui O.S.K. Lines, with regulatory approvals projected by early 2025. The project, with carbon capture and sequestration (CCS) contracts in place, is expected to reach Final Investment Decision (FID) by late 2025 and commence production in 2029.
The partnership with McDermott brings expertise in mega module construction, emphasizing on-time and on-budget execution. The project is seen as a transformational initiative that will create new jobs and provide economic advantages to the area, highlighting a commitment to environmental responsibility and community involvement. With support from key stakeholders and a focus on sustainable energy solutions, the ACE Project aims to contribute to a low-carbon future. McDermott's industry-leading capabilities and CHW's dedication to clean energy solutions position the project for success in meeting global energy demands in an environmentally conscious manner.
Topics
Utilities
Clean Energy
Job Creation
Project Development
Partnerships
Carbon Capture
Ammonia Production
Engineering And Construction
Market Diversification
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