IHI and ENOC Group Agree to Undertake Detailed Commercial and Technical Assessment for Dubai’s First Green Ammonia Production and Sales Project
IHI announced today that it has launched a detailed commercial and technical assessment for producing and selling green ammonia derived from renewable energy sources in Dubai and elsewhere in the United Arab Emirates. The goal is to tap abundant local solar energy resources. This initiative is pursuant to a business feasibility study that IHI conducted in November 2022 with Emirates National Oil Company (ENOC; see profile below), a Dubai-based integrated global oil and gas player.
Under this study, the two companies prioritized identifying issues and formulating measures to undertake competitive green ammonia production. Having confirmed that potential, they agreed to embark on a study that would comprehensively evaluate technical aspects.
While hosting the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, the United Arab Emirates announced the Dubai Clean Energy 2050 and UAE Energy Strategy 2050 initiatives to drive the country to world leadership in producing hydrogen and such hydrogen derivatives as ammonia. IHI and ENOC will accelerate the comprehensive study in view of its strategic fit and endeavor to create an ammonia value chain.
IHI will help to reduce carbon dioxide emissions by leveraging its technology to transition to clean fuels and provide solutions matching community and customer needs to help the world reach carbon neutrality by 2050.
Profile of ENOC Group
This leading integrated global oil and gas player is wholly owned by the Government of Dubai. The company is integral to the success of the United Arab Emirates. It owns and operates assets in exploration and production, supply and operations, terminals, fuel retail, aviation fuel, and petroleum products for commercial and industrial use. The ENOC Group’s general operations include automotive services, food and beverages, convenience stores, and fabrication services. Servicing thousands of customers across 60 markets, the Group employs a workforce of more than 11,000 employees. It is deploying world-class customer service, the latest innovations and technologies, and best practices to help propel the United Arab Emirates’ social and economic development.
Website: www.enoc.com