CIP announces investments and agreements with LOTTE Chemical on clean ammonia projects
06 March 2024
Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, has signed a memorandum of understanding with LOTTE Chemical Corporation (LOTTE), Korea’s leading chemical company and one of the world’s largest producers of chemical products, to strengthen collaboration on clean ammonia projects.
As part of the agreement, the two companies agree to discuss and finalize agreements for the supply, purchase, and sale of blue ammonia to LOTTE from CIP’s St. Charles Project in Louisiana and green ammonia from CIP’s Murchison Project in Australia.
CIP and LOTTE also agree to initiate discussions regarding development of and investment in low-carbon ammonia projects on a global basis. The two companies also intend to discuss potential collaboration on projects in infrastructure bunkering and other sectors in connection with low-carbon ammonia.
We are delighted to cooperate with CIP, a global leader in greenfield renewable energy investments. With the Korean government’s strong policy support on energy transition, Korea will be the fastest growing market for clean hydrogen and ammonia. We will take lead in providing sustainable clean ammonia by utilizing the strengths and expertise of both companies.
—CEO & Head of Hydrogen Business Group of LOTTE Chemical Corporation JinKoo Hwang
Blue ammonia is a low-carbon approach which combines traditional ammonia synthesis using natural gas with subsequent carbon capture and storage and could significantly accelerate the energy transition while green ammonia production at scale is becoming more mature.
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.
CIP manages 12 funds and has to date raised approximately €28 billion for investments in energy and associated infrastructure from more than 160 international institutional investors.
I'm increasingly overwhelmed by the sheer volume of new data coming in at this stage for hydogen/ammonia etc technologies.
Here is a possible pathway for the direct production of ammonia by electrochemical means:
https://jupiterionics.com/our-technology/#
' we feed nitrogen to one side of our cell and water to the other side. Hydrogen atoms are stripped off the water molecules in the form of positively charged protons (shown as H+ in the diagram), which are then transported across the cell. On the other side of the cell they are combined with Nitrogen atoms to form ammonia (NH3). The reaction is not spontaneous and must be driven by a source of energy. In our system that energy is expected to be provided by renewable electricity. In those circumstances, there are no CO2 emissions associated with the production of ammonia, which can therefore be termed “Green Ammonia”. We extract this Green Ammonia from the cell, which can be stored as a liquid under moderate pressures for use in a range of applications. '
Posted by: Davemart | 06 March 2024 at 12:31 PM