Hanwha Corporation and INEOS Nitriles have today announced their intention to collaborate in a study for a low-carbon ammonia facility with carbon sequestration in the US, with a capacity of more than 1 mmtpa, according to a news release.
“The two companies agreed Heads of Terms, under which Hanwha and INEOS will together explore the feasibility of a facility to meet the growing global demand for ammonia with low-carbon emissions,” the release states. “The final investment decision is planned for 2026 with planned commercial operation in 2030.”
Hans Casier, CEO of INEOS Nitriles: “This project is a potentially important contributor to INEOS Nitriles’ carbon emission reduction targets in 2030 and its net zero ambitions by 2050.”
Kiwon Yang, CEO of Hanwha Corporation: “This technological advancement will be a pivotal turning point in realizing Hanwha’s vision for a sustainable future.”
