Focus: Fertilizer company OCI bets big on climate-friendly ammonia

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Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan.

CF has committed $285 million to capture emissions at two U.S. ammonia plants and says it has firm buyers for all the blue ammonia it would produce from the possible new plant with Mitsui.an initial public offering of its clean ammonia business, citing low market valuation.

Japan and South Korea are expected in the next year to create incentives for utilities to reduce emissions, unlocking premium prices for blue ammonia, El-Hoshy said.Technology incorporating 20% ammonia in co-generating electricity with coal is still in development. Special burners are required for power units as ammonia burns more slowly than natural gas. Such plants would still spew double the air pollution of plants that use gas and steam, according to energy analysis firm TransitionZero.

JERA said in a statement that it will begin demonstrating co-firing with 20% ammonia this fiscal year.

 

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