Investment firms see potential in green ammonia
Carlyle and GIC back green ammonia developer Eneus
Capital from global investment firms aimed at developing Scotland-based company’s 14GW project pipeline
Scotland-based green ammonia developer Eneus Energy has secured backing from global investment firms Carlyle and GIC. Eneus says it will use the new investment to support the development of its project pipeline, which amounts to more than 14GW of production capacity, focused initially on the US and the UK. The company says it has a portfolio of production site opportunities already under development in the US and has identified additional sites in the UK and elsewhere in Europe. The size of the investments by Carlyle and GIC were not disclosed. “The potential global market demand for green ammonia is huge as decarbonisation strategies are being implemented to reduce the emission of greenhous
Also in this section
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe
16 December 2024
Sustainable aviation fuel from electrolysis has great potential for reducing aviation sector emissions, but cost, energy requirements and the need for substantial investment stand in the way of take-off
