Helios invests in green ammonia facility in Abu Dhabi May 26, 2021, by Sanja Pekic
Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, plans to build a $1 billion
green ammonia production facility, financed by Helios Industry.
Courtesy of Kizad Abu Dhabi
UAE’s privately-owned special project vehicle company Helios Industry plans to invest over AED3.67 billion ($1 billion) in the construction of the facility over several years.
The company wants to develop the facility with local and international partners in two phases.
The Helios facility located in KIZAD is to produce 200,000 tonnes of green ammonia from 40,000 tonnes of green hydrogen. The plant will use solar power to electrolyse water and split molecules into hydrogen and oxygen.
Speaking at the first virtual UAE-Israel Business Leaders Summit, co-hosted by Gulf News and TheMarker, Alsaadi expects Israeli firms to “join in research and development, (and) commercialize innovation in a sector that can be scaled regionally and globally. We look forward to enhancing collaborative efforts of the both nations to create a sustainable future.”
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Huge potential
“The potential of trade between the two countries is huge, with estimates ranging from around half a billion dollars in the very first year, and reaching to $5 billion to $6 billion a year,” said Samir Chaturvedi, CEO of KIZAD, who was also speaking at the three-day event co-hosted by
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