MOL Clean Energy (MCE), an American subsidiary of Japan’s Mitsui OSK Lines (MOL), has invested in Ascension Clean Energy (ACE), a proposed clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana. Among other shareholders in the American firm is BW tanker subsidiary Hafnia.
Details of the specific size of the investment from MOL have not been revealed.
With a projected investment of $7.5bn, ACE is expected to produce 7.2m metric tons of clean hydrogen-ammonia annually.
Recent Posts
Ammonia
Azane Unveils New Subsidiary to Drive Ammonia Bunkering Development Oslo, Norway
Fuels Heavy oils
Public sector carbon emissions fall to 3.7 mn tonnes in Singapore
Fuels Heavy oils
UltraTech Cement targets to achieve 85% green energy
Fuels LNG
JCB unveils hydrogen combustion technology