A subsidiary of LNG Alliance, the developer of the Amigo LNG project in Mexico, has signed a Memorandum of Understanding to acquire 35,000 hectares of land in Sonora state for the production of green hydrogen and ammonia using solar power. The ANEM project, focused on green ammonia and green hydrogen production, will leverage Sonora's exceptional solar resources. The project aims to produce green ammonia for fertilizers and green hydrogen for datacenters and transportation, ultimately driving down fertilizer prices in Mexico. Commercial operations are scheduled to start in 2028, with an initial production capacity of around 600,000 tons per year of green ammonia, set to double by 2030 in the project's second phase. The primary focus of the project is to cater to the domestic market in Mexico, with the excess capacity earmarked for export to the US, and potential future markets like Japan through a dedicated ammonia shipping terminal. Aslan Energy Capital, a subsidiary of LNG Alliance, is behind the development of the ANEM project, which aligns with the Mexican government's strategy to transform Sonora into a renewable energy and electric vehicle hub. The project will unfold in four phases over a decade, with front-end engineering design expected to kick off in the third quarter of 2024. Additionally, LNG Alliance is working on the Amigo LNG liquefaction terminal in Sonora to export LNG to Asian markets. The company aims to reach a final investment decision for Amigo LNG in July. The project signifies a significant step towards bolstering Mexico's renewable energy sector and contributing to the country's sustainability goals.