On June 25, Mitsui & Co., Ltd., together with TA'ZIZ, Fertiglobe and GS Energy of South Korea, among which Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates (UAE) has invested, has announced that it will promote ammonia production in the UAE. The company announced that it has begun construction of a manufacturing plant.
Image of ammonia production plant
(source: Mitsui & Co.)
The project plans to build an ammonia production plant at Ruwais Industrial Park in the UAE and purchase "low CO2 hydrogen" as raw material to produce 1 million tons of ammonia per year with lower CO2 emissions than before from 2027. At this time, the company has not announced how it will reduce CO2 emissions, including whether water electrolysis using renewable energy will be used to produce hydrogen raw materials.
However, the company said: ``We aim to add CO2 capture and storage (CCS), emitted during the manufacturing process, to produce clean ammonia by 2030.''
In addition to participating in the project, Mitsui & Co. will take over a certain amount of ammonia produced and supplied mainly to Japan and other Asian countries. In addition to fuel use, it is also expected to be supplied for chemical raw material and fertilizer use.
In addition, Mitsui & Co. and the Japan Bank for International Cooperation (JBIC) have signed an agreement to finance the project's development fund. The JBIC portion of the loan is up to US$12 million. The loan will be co-financed with Sumitomo Mitsui Banking Corporation, and the total co-financing amount will be approximately US$27 million.
Last June, Mitsui & Co. announced that it would supply ammonia fuel for the ammonia co-fired power generation project at the JERA (Hekinan Thermal Power) coal-fired power plant in Hekinan City, Aichi Prefecture.
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