First Ammonia | Port of Victoria green ammonia

Overview

Status

Greenfield

Region

North America

Geography

USA

State

Texas

Equity Owner

First Ammonia

Proponent

First Ammonia

Output

Green ammonia

Type of electricty

Renewables

Capacity

100MW (phase 1) | up to 300MW

Financing

Technology

Haldor Topsøe SOEC

Technical Advisors

Topsoe (equipment supply)

Advisors

Morgan Stanley

Project Contact

Joel Moser, CEO

Lawyers

Verdonck Partners (renewable power solicitation)

Project Cost

Phase 1: $300m | Full project: $900m-1bn

Offtaker

Uniper

Commercial Operations Date

4Q26

Decommission Date

FID

June, 2024

Description

The Port of Victoria project entails an up to 300 MW facility under an offtake arrangement with Germany’s Uniper, with First Ammonia evaluating building a first phase of 100 MW or building all under one financing. Each 100 MW module will initially produce up to 100,000 MTPA of green ammonia.

The 100 MW train of the project is estimated to cost approximately $300m, while the full 300 MW will cost between $900 – $1bn.

First Ammonia expects to take a final investment decision on the project by mid-2024.

September 5, 2024

Exclusive: U.S. green ammonia firm attracts Japanese investment

First Ammonia has attracted investment from two Japanese investors in its Series B funding round. The milestone in the capital raise includes investment commitments from Mercuria Holdings and the Tokyo-based...

April 22, 2024

Exclusive: Morgan Stanley mandated for green ammonia facility

First Ammonia is working with Morgan Stanley as its investment banker as it seeks to raise debt and equity for a flagship green ammonia project in Texas. The New York...

April 19, 2024

Green ammonia developer seeking renewable energy partner

First Ammonia, a green ammonia project developer, is soliciting interest from potential providers of renewable energy for its flagship project in Port of Victoria, Texas. The company is looking for...

November 14, 2023

Exclusive: Green ammonia firm in capital raise for flagship Texas project

Green ammonia firm First Ammonia is undergoing a capital raise for its first project at the Port of Victoria, in Texas. The New York-based company is aiming to take a...

November 1, 2023

First Ammonia and Uniper to cooperate on Texas green ammonia project

Uniper and First Ammonia are working together to deliver green ammonia to Uniper as part of a global effort to reduce greenhouse gas emissions for ammonia consumers, according to a...