MOL Clean Energy (MCE) US and Clean Hydrogen Works have become Joint Venture shareholders in Ascension Clean Energy (ACE), a proposed clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.
Other shareholders are Denbury, a leading carbon solutions provider with more than two decades of successfully managing carbon dioxide (CO2), and Hafnia, one of the world’s leading oil product tanker owners and operators. MCE is a 100% subsidiary of Mitsui O.S.K. Lines.
Expected to produce 7.2 million metric tonnes of clean hydrogen-ammonia annually, ACE will help meet the rapidly emerging demand for affordable, secure, and low-carbon fuels and feedstock around the world. This clean energy will help decarbonise hard-to-abate sectors including power generation, bunker fuel, heavy transportation, steel processing and industrial applications.
... to continue reading you must be subscribed
