Saturday, May 4, 2024

Emirates News Agency – Muster and NG sign an agreement with Fertiglobe to collaborate on the production of green hydrogen for ammonia production.

Date:

Abu Dhabi, Jan 19 / WAM / Abu Dhabi Future Energy Company (Mastar), one of the world’s leading renewable energy companies, and ENGIE, the world’s leading provider of low carbon energy services, have announced that they have signed an agreement with Fertiglob. It was established under a strategic partnership between “OCENV” and Abu Dhabi National Oil Company “ADNOC”, the largest exporter of commercial urea and ammonia.

Under the agreement, the companies will collaborate to build a globally competitive green hydrogen plant in the UAE with a capacity of 200 MW to support green ammonia production.

The agreement was signed by Ferdiglob CEO Ahmed Al Hoshii and Muster CEO Mohammed Jamil Al Ramahi at a ceremony yesterday in the capital, Abu Dhabi, to mark Abu Dhabi Sustainability Week.

At the ENGIE Frederick Glaff, General Manager, Heat Products and Distribution for Europe, the Middle East and Africa, said: “Green hydrogen production in the United Arab Emirates will be an important step in the path to its green transformation and will support the nation’s efforts to achieve it. Its goal is to achieve climate neutrality by 2050.”

He added, “By collaborating with Masdar and Vertiglobe to support the development of green hydrogen projects at various stages of the value chain, we will help create local jobs and contribute to enhancing the UAE’s competitiveness in the rapidly growing hydrogen economy.” These efforts will help some carbon-producing sectors, especially transportation, industry and agriculture, to become carbon neutral.

For his part, this partnership with Ahmed Al Hoshi, Engie and Masdar represents an important opportunity for us and the United Arab Emirates to play a key role in the transformation process in the global energy sector, and is in line with the vision of the United Arab Emirates. The future in terms of diversity and sustainability.

See also  Higma Ventures 07 is at the forefront of the financial round for the Therapy Health Technology platform

He said Abu Dhabi offers the best place for green hydrogen production, in light of its unique portfolio of country commitment and renewable energy projects and its strategic geographical location to work towards a low-carbon future. The project marks a new milestone in the Fertiglobe Green Ammonia industry, following the company’s announcement last month to develop a new 100MW power analyzer in Egypt. The main energy carrier for hydrogen is ammonia.

He said that considering the important role of green hydrogen in supporting the decarbonization of industry, food, transport and energy sectors, we have a great opportunity to benefit from green ammonia in transporting green hydrogen to all parts of the world. Meeting the growing demand for energy and clean and renewable energy sources for a clean economy.

For his part, Mohammed Jamil Al Ramahi stressed the importance of this project and its key role in developing the green hydrogen economy in the United Arab Emirates. It also reflects the first firm action taken by Mazda and NG since announcing their strategic alliance last month.

He explained that through his collaboration with Vertiglobe, “Muster” supports the integration of the country’s leadership in the field of green hydrogen and the achievement of its goals for climate neutrality.

By 2025, the three companies will be discussing the task of developing, designing, financing, purchasing, building, operating and maintaining an industrial-scale green hydrogen facility in Ruwais, Abu Dhabi, near the Fertiglobe Ammonia plants. , Vertiglobe will be the only long-term product buyer.

Fertiglobe is the largest producer of nitrogen fertilizers and ammonia in the Middle East and North Africa, with a total production capacity of 6.7 million tons of commercial urea and ammonia. The company will use green hydrogen to produce green ammonia, which will support its ambitions of becoming a leading global partner in the industry. Fertiglobe wants to be a leader in green ammonia production in the United Arab Emirates by 2025, where it is investing in a number of efforts to produce low-carbon and zero-carbon ammonia.

See also  Elon Musk mocks "dedicated" employee with tweet...and fires him

Green ammonia, which is produced from renewable energy sources such as the sun and wind rather than natural gas, is a versatile product and an excellent carrier for storing hydrogen, and helps decorbonize many sectors that account for 90 percent of the current as a whole. Global greenhouse gas emissions. Ammonia is also an important alternative fuel.

Last December, Mustar and NG announced the formation of a strategic alliance to co-operate in setting up a green hydrogen production center in the United Arab Emirates. Both companies aim to develop plans to generate at least 2 gigawatts by 2030, with a total value of up to $ 5 billion.

The Strategic Alliance aims to achieve co-ordination among allies in order to coordinate the role of racing and pioneering in supporting the growth of the hydrogen sector in the United Arab Emirates. Depending on the existing infrastructure, both companies will increase production capacity to establish a green hydrogen plant with a production capacity of gigawatts, first targeting the local market and then covering the Gulf regional market and exporting to other countries. Markets. The Strategic Alliance will explore opportunities to improve projects in other geographical areas.

Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

Diversification Benefits of Indices Trading

Index trading is a popular investment option among traders...

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...