MVCE | Gulf of Mexico Green Hydrogen and Ammonia Plant
USA
Greenfield
Overview
Status
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Greenfield
Region
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North America
Geography
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USA
State
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Equity Owner
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Azimuth Capital Management, ENEOS Corporation
Proponent
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MVCE Gulf Coast, LLC
Output
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Green ammonia
Green hydrogen
Type of electricty
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Capacity
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Financing
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Technology
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Technical Advisors
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Advisors
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Project Contact
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Lawyers
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Project Cost
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Offtaker
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Commercial Operations Date
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Decommission Date
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FID
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Description
Established by Azimuth Capital Management, MVCE Gulf Coast, LLC is developing a plant for the manufacture of hydrogen, MCH, and ammonia in the Gulf of Mexico.
In January 2024, ENEOS Corporation made an undisclosed equity investment in MVCE.
Through its equity participation, ENEOS will verify the commercial feasibility of manufacturing cost-competitive and clean hydrogen in the Gulf of Mexico and exporting MCH to Japan.
MVCE seeks to produce clean hydrogen in the Gulf of Mexico and build a clean hydrogen supply chain between Japan and the US.