UAE - Mubasher: Japan’s Mitsui & Co (Mitsui) and Korea’s GS Energy Corporation (GS Energy) will partner with TA’ZIZ and Fertiglobe to develop the low-carbon blue ammonia facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais.
The partnerships are in line with Abu Dhabi’s objective to support the growing demand for blue ammonia as a carrier fuel for clean hydrogen, according to a press release on Tuesday.
Upon equity participation and supply commencement, Mitsui and GS Energy will offtake large volumes of low-carbon blue ammonia to meet growing demand in the energy and industrial sectors in Japan and Korea, respectively.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, Sultan Ahmed Al Jaber, said: "These important agreements strengthen our long-standing ties with the two countries in the fast-growing clean hydrogen economy, reinforcing Abu Dhabi’s pivotal role as a global hub for low-carbon fuels and unlocking significant economic growth opportunities for the UAE."
Meanwhile, the President and CEO of Mitsui & Co., Kenichi Hori, commented: "Energy solutions remain a strategic focus area for Mitsui; thus, we are excited to commence this new business opportunity with ADNOC in light of global climate action."
It is noteworthy to mention that in November 2020, The Abu Dhabi National Oil Company (ADNOC) and ADQ launched TA’ZIZ as their new joint venture (JV) to develop industrial projects within the planned Ruwais Derivatives Park.
