Rod Nickel and Victoria Klesty of Reuters report on OCI’s bet on climate-friendly ammonia.
- Dutch fertilizer company OCI is building a $1 billion commercial plant in Texas that will produce ammonia–a critical ingredient in fertilizer–with a low carbon footprint.
- The plant will also include carbon capture technology that will be able to capture and sequester 95% of the plant’s emissions.
- If there is not ample domestic demand for the blue ammonia produced at the OCI facility, the company will sell its product to farmers in the Netherlands who have been forced to pay steep premiums for fertilizer due to high natural gas prices.
- The plant is expected to come online in 2025 and produce 1.1 million tons of blue ammonia annually.
Read the full article here.