ALFATTAN LTechUVC Green Energy Set to Launch New Branch in Abu Dhabi

Abu Dhabi: Abu Dhabi is poised to usher in a new era of sustainable energy with the upcoming establishment of a green Hydrogen and Ammonia production project. UAE's Al Fattan Energy is partnering with Korean renewable energy developer LTechUVC to create a special purpose company (SPC) called 'ALFATTAN LtechUVC Green Energy'. The SPC is tasked with overseeing the development of a 200MW class green Hydrogen and Ammonia plant in the expansive KEZAD (provisional) area of Abu Dhabi. The project comes at a cost of approximately $400 million and promises to be a game changer in the push for clean energy.

The SPC has partnered with major Korean corporations, including LTechUVC, to form 'Team Korea' with the aim of producing green Hydrogen and Ammonia on a large scale. The objective of this joint initiative is to reduce greenhouse gas emissions. To contribute to the project, Al Fattan Energy utilizes its extensive experience in engineering across nuclear, oil and gas, and renewable energy, as a subsidiary of Al Fattan Holding Investment. Meanwhile, LTechUVC, as a Hydrogen-based energy business consulting company, is also a part of the initiative and has a 20 MW Hydrogen fuel cell project scheduled for construction in May of this year.

Inaugurated on March 17th, the ALFATTAN LtechUVC Green Energy SPC has taken the first step towards developing Hydrogen technology in the UAE, with support from major government establishments. As a leading importer of Ammonia on the global stage, Korea has recently decided to encourage the use of green Ammonia mixed with combustion for power generation in order to achieve a greenhouse gas emission-free future by the year 2050. Investors and businesses in and beyond the UAE are expected to be attracted to this exciting new phase in the development of green Hydrogen and Ammonia technology.

With the support of His Highness Sheikh Mohammed bin Zayed Al Nahyan, the shipbuilding industry was established by a group back in 1987. Fast forward to 2021, the group expanded their portfolio and introduced Al Fattan Energy, which aims to diversify and take the lead in Engineering and Maintenance for Nuclear and Renewable Energy sectors in UAE and MENA regions. The company is taking a step forward towards reducing greenhouse gas emissions by collaborating with Korean conglomerates to initiate a green Hydrogen Ammonia project in Abu Dhabi. This move will help the company secure a leadership position in the field.

According to Jiyoung Lee, the CEO at LtechUVC, the Korean government has announced its plan for achieving carbon neutrality, known as the 'Zero for Green' vision, in November 2021. The goal is to achieve zero carbon emissions in the power generation sector by transitioning to renewable energy and Hydrogen. In line with this vision, LtechUVC is actively promoting new and renewable energy and Hydrogen projects overseas, with the target of achieving neutrality by 2050 and creating a foundation for producing, supplying, and utilizing clean Hydrogen. Through this initiative, LtechUVC aims to procure green Ammonia in a sustainable manner to enhance the expansion of low-carbon power generation, and early establish the Hydrogen value chain to be at the forefront of the future energy business.