![](images/Logos/Ammonia%20Energy%20Association_SM.jpg)
August 9, 2023
By Julian Atchison
Macquarie, ACME
help finance renewable ammonia projects
Atlas Agro:
Washington state
Atlas Agro’s planned Pacific
Green Fertilizer Plant will produce 700,000 tonnes of zero-carbon
nitrate fertiliser per year, targeting the domestic market in the
northwest USA. Located near Richland on the Columbia River, the plant
will utilise renewable electricity, electrolytic hydrogen and
limestone/dolomite as feedstocks. Técnicas
Reunidas is completing FEED work, and Atlas Agro aims to reach FID
on the project early next year (delivering to farmers by 2027).
The $1 billion project (as well as Atlas Agro’s future portfolio) will
be supported by a $325
million investment from Macquarie Asset Management, announced this
July. Macquarie is already supporting the Australian
Renewable Energy Hub as a project partner and shareholder.
MAM, with their experience in projects and
infrastructure, ability to initiate support investments with a wide
range of expertise and their commitment to accelerate
decarbonization of hard-to-abate-industries, is an ideal partner for
us as we approach construction of our first plants in the United
States.
Petter
Østbø, CEO of Atlas Agro in his organisation’s official press
release, 31 July 2023
ACME secures $5 billion loan to finance Oman project
ACME Group has secured a near $5 billion loan from REC Limited, one of
India’s largest green infrastructure financial firms. The loan will fully
finance the first phase of the ACME’s Duqm
renewable ammonia project. Producing 100,000 tonnes of renewable
ammonia each year, subsequent phases will expand capacity to 1.2
million tonnes per year, based on 3.5 GW of electrolyser capacity &
5.5 GW of solar photovoltaics.
The securing of debt for the green hydrogen and
ammonia project in Oman is an important milestone. We will start the
construction activities soon and build one of the most advanced
technologies and create a state-of-the-art facility. As a company
deeply committed to offering comprehensive green energy solutions,
ACME Group is thrilled to receive support from one of the largest
funding agencies in the renewable sector.
Shashi
Shekhar, Vice-Chairman of ACME Group in his organisation’s official press
release, 21 July 2023
In the same announcement, ACME has revealed that REC Limited will
provide a more than $25 billion loan to establish the first phases of
its “round the clock” renewable power projects. Among these new “RTC”
initiatives, two pumped hydro projects in Odisha
and Tamil Nadu will provide power for hydrogen & ammonia
production in both Indian states, adding more million tonne projects
to ACME’s domestic portfolio.
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
Nathan1@greenplayammonia.com
exactrix@exactrix.com
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