South Korea: ExxonMobil has reached an agreement with South Korea’s SK Inc. to work together on blue Ammonia. SK will be purchasing supplies of the substance from ExxonMobil’s Hydrogen and Ammonia plant in Baytown, Texas. This marks a big milestone for both companies as they take steps towards a greener future.
South Korea has announced plans to import blue Ammonia – an environmental-friendly fuel made by combining Nitrogen, Hydrogen derived from natural gas feedstocks, and CO2 captured and stored permanently. This move is part of the nation's effort to reduce industrial emissions.
Blue Ammonia is making waves in the energy industry as a possible solution to reduce emissions from coal-fired power plants. When used together, blue Ammonia and coal provide an effective method of reducing overall emissions as the Ammonia emits no additional CO2.
The South Korean government has recently revealed plans to use blue Ammonia in power generation as part of its initiative to reduce Carbon Dioxide emissions. This initiative will replace the current use of Coal and LNG with more sustainable alternatives, such as Hydrogen and Ammonia.
ExxonMobil has awarded Technip Energies a contract for the front-end engineering and design (FEED) of its Baytown project. The final investment decision is expected to be made in 2024, with startup likely occurring sometime between 2027 and 2028.