CIP buys blue ammonia project in US
SUMMARY
The project has commenced detailed engineering (FEED) and will initially consist of two phases.
By Shardul SharmaCopenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has acquired a majority stake in a blue ammonia project on the Gulf Coast, which will be developed alongside US-based Sustainable Fuels Group (SFG), it said on February 23. The financial terms of the transaction are not disclosed.
The project has entered into an agreement with International-Matex Tank Terminals, a terminaling and logistics company, to provide ammonia storage and handling services. The project has commenced detailed engineering (FEED) and will initially consist of two phases, each with a production capacity of 4,000 metric tons/day once operational in 2027.
Blue ammonia is a low-carbon approach to ammonia production that combines traditional ammonia synthesis using natural gas with subsequent carbon capture and storage process. The project will use Topsoe’s SynCOR technology to produce blue ammonia and is expected to reduce CO2e emissions by 90% compared with traditional ammonia production, thereby abating 5mn mt/yr of CO2.
