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Mitsubishi, Lotte and RWE form alliance to study pure ammonia project in Texas | – #Mitsubishi #Lotte #RWE #form #alliance #study #pure #ammonia #project #Texas

Feb 8 (Reuters) – Japan’s Mitsubishi Corp ( 8058.T ) said on Wednesday it had agreed to jointly study the prospect of producing pure ammonia with South Korea’s Lotte Chemical Corp ( 011170.KS ) and German energy company RWE ( RWEG.DE ). USAin the state of Texas.

Ammonia and hydrogen are central to efforts by developed countries, including Japan, to achieve zero carbon emissions by mid-century, with investments and projects growing rapidly globally.

RWE, Lotte and Mitsubishi, Asia, Europe and USAsigned a joint research agreement for a clean ammonia production and export project at the Port of Corpus Christi, Texas, as part of an alliance to develop green and blue ammonia supply chains in . it is stated in the statement of the company.

The first production is targeted by 2030 and gradually in several production units per year 10 pure ammonia will be increased up to a million tons.

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Report by Katya Golubkova; Edited by Sherry Jacob-Phillips

Our standards: Thomson Reuters Trust Principles.

2023-02-08 11:06:38
Source – reuters

Translation“24 HOURS”



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