MOL Clean Energy US, a 100% subsidiary of Mitsui O.S.L. Lines, has been named as a new shareholder for a proposed clean hydrogen-ammonia production and export facility in Louisiana, expected to produce 7.2 million metric tonnes of product annually.
Called Ascension Clean Energy – or ACE – the project is a $7.5bn investment that will utilise clean hydrogen-ammonia production to supply the world’s growing clean energy market and position Louisiana as a global leader in decarbonisation.
As a shareholder of the project, MOL Clean Energy joins project lead Clean Hydrogen Works, carbon solutions provider Denbury, and oil product tanker owner and operator Hafnia.
... to continue reading you must be subscribed
