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Ta’ziz + Mitsui break ground on Al Ruwais ammonia plant: Japan’s Mitsui & Co., Ta’ziz — a joint venture between Adnoc and ADQ Fertiglobe — and Korea’s GS Energy Corporation have kicked off construction on their 1 mn ton low carbon ammonia production facility in the UAE, according to a press release. The plant — located in Al Ruwais city — is expected to launch in 2027 and aims to lower CO2 emissions using carbon capture and storage technologies. The consortium of Emirati and global firms signed the shareholder agreement for the project back in January 2023.
REMEMBER- Tecnimont was recently selected for construction: Italy-based engineering and construction giant Tecnimont was tapped to build the factory last month. A key subsidiary of the Maire Group, Tecnimont specializes in large-scale engineering, procurement, and construction projects in chemicals, petrochemicals, fertilizers, refining and gas monetization, and power.
Mitsui & Co. secured USD 12 mn from the Japan Bank for International Cooperation (JBIC) to fund the project, according to a statement. JBIC is co-financing a USD 27 mn loan with Sumitomo Mitsui Banking Corporation. The loan will support ammonia production and sales for The Ammonia Project Company, a UAE subsidiary of Mitsui.
More on the project: The first phase — predicted to attract USD multi bn investment over the next 20 years — will produce ammonia that is 50% less carbon intensive than conventional ammonia. The second phase will be even less carbon intensive due to carbon capturing and sequestration and will more than double the initial phase’s capacity. The company plans to export clean ammonia from the plant to Japan and other Asian markets by 2030 as part of its Medium-term Management Plan 2026, Mitsui’s statement said.
