Mitsui O.S.K. Lines invests in Ascension Clean Energy to foster hydrogen and ammonia growth

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.

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