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Norway-based Yara has signed a binding agreement with ACME Cleantech for the supply of 1 lakh tonne of green ammonia annually from ACME s plant in Oman through GHC SAOC. The long-term offtake agreement covers the supply of 1,00,000 tonne of renewable ammonia per annum by ACME from phase-1 of its Oman project with an expected start date in 2027. ....
Fertilizer manufacturer Yara plans to store a portion of its own CO2 emissions undersea starting in 2026. Of the 3.2 million tons of CO2 emitted annually at its location in Sluiskil in the province of Zeeland, the company intends to transport 800,000 tons to Norway for deep underground storage in a few years. According to the industrial firm, this technique will account for half of the planned CO2 reduction by 2030. The investment for this project is 194 million euros. This marks the first time captured CO2 will be shipped to another country for storage. ....
European industries are slammed by soaring energy costs so much that they are curtailing or shutting down production, losing global market shares, and risking permanent damage to Europe’s competitiveness ....