Le Lézard
Classified in: Environment, Business
Subjects: CON, PDT, JVN

Proman, Mitsubishi sign MoU to develop world-scale ultra low-carbon ammonia plant in Lake Charles, USA


WOLLERAU, Switzerland, Oct. 17, 2023 /PRNewswire/ -- Proman has signed an MoU with Mitsubishi Corporation to explore building a world-scale ultra low-carbon ammonia facility in Lake Charles, Louisiana. The proposed plant would produce approximately 1.2 million tonnes per year of clean ammonia by incorporating state-of-the-art carbon capture and sequestration technology.

Proman Logo

The proposed ultra low-carbon ammonia facility will be located on Proman's existing site in Lake Charles, adjacent to Proman's natural gas to methanol plant which is also under development.

Welcoming the agreement, Proman Chief Executive David Cassidy said, "We are delighted to be developing this world-scale ultra low-carbon ammonia facility with Mitsubishi Corporation. Proman is already a leading fertilizer producer, and we are committed to expanding our global production to drive forward ammonia's critical role as a fertilizer, fuel and decarbonised future energy source. Once completed, this state-of-the-art plant with industry-leading carbon capture technology will be a major step towards meeting the growing demand for ammonia as a clean fuel. We are honoured to be partnering with Mitsubishi on this."

The Signing Ceremony between Proman and Mitsubishi Corporation took place at the Third International Conference on Fuel Ammonia (CFA), organised by Japan's Ministry of Economy, Trade and Industry. Ammonia produced at the facility will be primarily exported to Japan as a clean fuel to reduce emissions from coal-fired power plants, in line with Japan's national strategy to grow domestic ammonia consumption to help achieve its decarbonisation goals.

NOTES TO EDITORS  

About Proman:?
Proman is an integrated energy company and one of the world's largest methanol and fertilizer producers.

Ammonia-based fertilizers play a vital role in achieving food security and supporting the growing global population. In September 2023, Proman announced financial close of a US$1.5bn investment in a 2,220 tonnes per day ammonia plant in Topolobampo, Mexico, with construction now underway. The investment will expand Proman's ammonia production capacity to 2.8 million tonnes per annum.

Proman is committed to developing lower-carbon and green methanol and ammonia as cleaner alternatives to fossil fuels, offering a pathway to drastically cutting emissions in a range of sectors including transport and heavy industry.

Headquartered in Switzerland, with assets in the United States, Trinidad and Oman, and ongoing expansion into Mexico, Canada and the UAE, Proman is a global leader in methanol, fertilizer and other products such as melamine. We have extensive experience in project management, petrochemical plant construction and operations, marketing and logistics, and shipping. www.proman.org  

About Mitsubishi:?
Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses together with its offices and subsidiaries worldwide, as well as with its global network of around 1,700 group companies.

MC has 10 Business Groups that operate across virtually every industry: Natural Gas, Industrial Materials, Chemicals Solution, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution and Urban Development. Through these 10 Business Groups plus the addition of its Industry Digital Transformation Group and Next-Generation Energy Business Group, MC's current activities have expanded far beyond its traditional trading operations to include project development, production and manufacturing operations, working in collaboration with our trusted partners around the globe.

With an unwavering commitment to conducting business with integrity and fairness, MC remains fully dedicated to growing its businesses while contributing to a prosperous society.

Logo - https://mma.prnewswire.com/media/1775857/Proman_Logo.jpg

SOURCE Proman


These press releases may also interest you

at 13:05
Whole Foods Market today released its second annual Impact Report ? available here ? which provides an in-depth look at the company's investments in reducing waste, championing climate smart agriculture, empowering its Team Members, thoughtfully...

at 12:35
Nuvve Holding Corp. (the "Company"), a green energy technology company that provides a commercial vehicle-to-grid (V2G) technology platform, broke ground today on a new energy project in Fresno to improve air quality, reduce operational cost, and...

at 12:35
HIF Global has announced the signing of a Memorandum of Understanding with Airbus to advance the global development of e-Fuels for aviation ("e-Sustainable Aviation Fuel" or "e-SAF") via the methanol to jet fuel ("MTJ") pathway. The MoU provides a...

at 12:00
The Energy Reform Permitting Act of 2024 represents a significant bipartisan step forward in streamlining the permitting process for critical energy infrastructure projects, particularly interregional transmission lines that are essential for...

at 11:58
On June 25th Reuters announced Utopia Hill, CEO of Reactivate, an Invenergy company, as the recipient of the prestigious 2024 Woman for Women in Energy award under The People for Purpose category at the Global Energy Transition Award Ceremony. This...

at 11:54
Space policy in low Earth orbit (LEO) will be the focus of a keynote address at the International Space Station Research and Development Conference (ISSRDC) from Jinni Meehan, assistant director for space policy at the White House Office of Science...



News published on and distributed by: