Mitsubishi Lotte and RWE form a three-company team to study Clean Ammonia in the Texas Project which could have huge implications for the future when developed nations hope to reach the target of zero carbon emission. Let us learn more about this partnership of the automobile company, chemical company, and power supplier in detail.
The announcement of the three coming together was announced on Wednesday when Japan’s Mitsubishi Corp agreed to join Lotte and RWE in the US state of Texas to jointly study the prospects of Clean Ammonia. This is what all the developed nations these days are taking a stride towards, i.e. reaching the goal of zero carbon emission by the mid-21st century. Since Ammonia along with Hydrogen is at the center of this effort, a lot of investments and projects around the world are being developed around these two.
Port of Corpus Christi in Texas, the home to the largest energy export in the US, is also the home to the project where clean ammonia production and export will take place. This will feature the three companies that have teamed up. The project also aims to develop supply chains of blue and green ammonia in Europe, Asia, and the United States, as revealed by Mitsubishi. After deciding to form a three company team to study Clean Ammonia in Texas project, Mitsubishi Lotte and RWE signed the agreement for the same on 7th February 2023. Corpus Christi region was agreed upon as the research area by all three parties because it is believed to have abundant natural gas reserves and is also easy to utilize renewable energy which makes it advantageous for the production of clean ammonia. They are targeting to complete the first production no later than 2030 after which they plan to take the production capacity to 10 million tonnes of clean ammonia per year at multiple production facilities.
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Hwang Jin-gu, Lotte Chemical head of the Hydrogen Energy Business Unit said, “We expect that companies with strengths in each field will contribute to revitalizing the global hydrogen ammonia economy and carbon neutrality by carrying out joint research for the production and supply of clean ammonia.â€
Lotto chemicals are also running a clean ammonia and hydrogen production project in Sarawak, Malaysia while it is expanding its network with Japanese trading companies that include names like Itochoo, Sumitomo, and Mitsubishi for timely distribution of the two gasses. They have also entered a cooperative relationship with US-based Tallgrass which will allow the company to introduce clean ammonia to the US. Korea Midland Power, South-East Power, and East-West Power. These are some other companies with whom Lotte is strengthening cooperation so that they can expand ammonia hybrid power generation infrastructure.
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