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Macquarie, ACME help finance renewable ammonia projects
Article

Macquarie, ACME help finance renewable ammonia projects

Julian Atchison August 09, 2023

A $325 million investment from Macquarie Asset Management will support Atlas Agro’s new Pacific Green Fertilizer Plant in Washington state, USA. FID on the plant is due early next year, which will produce 700,000 tonnes of zero-carbon nitrate fertiliser each year.

In India, ACME Group has secured two loans from REC Limited: $500 million to fully finance the first phase of the ACME’s Duqm renewable ammonia project, and $2.5 billion to support the first phases of ACME’s “round the clock” renewable power projects in Odisha and Tail Nadu.

FertigHy: new low-carbon fertiliser consortium launched in Europe
Article

FertigHy: new low-carbon fertiliser consortium launched in Europe

Julian Atchison August 09, 2023

Founding investors including EIT InnoEnergy, Maire Tecnimont, Siemens and Heineken have launched FertigHy - a new consortium aiming to build and operate large-scale fertiliser projects to supply the EU agricultural sector. The first project will be developed in Spain, producing more than one million metric tonnes per year of low-carbon, nitrogen-based fertilisers for the EU market.

Allianz invests in Norwegian renewable ammonia production
Article

Allianz invests in Norwegian renewable ammonia production

Julian Atchison July 30, 2023

Allianz will invest €20 million in Fuella, a Norway-based project developer currently working on two renewable ammonia production projects. Fuella’s plants in Skipavika (100,000 tonnes per year) and Korgen (200,000 tonnes) will utilise renewable electricity from Norway’s grid to produce ammonia. The projects will target the marine fuels & fertiliser sectors.