Técnicas Reunidas, a prominent engineering and construction company, has joined forces with Australian firm Allied Green Ammonia to embark on a groundbreaking project in the Northern Territory.
This initiative aims to harness the power of renewable energy to produce hydrogen and ammonia while significantly contributing to the nation’s ecological transition.
The project, which is still in the early stages, represents a colossal investment with an estimated value of 8.5 billion dollars (8 billion euros). While this figure is substantial, it hinges on the successful conclusion of negotiations to secure financing. If all goes well, the plant could commence commercial operations as early as 2028, ushering in a new era of sustainable energy production in Australia.
The green hydrogen and ammonia plant’s ambitious goal is to produce 165,000 tons of green hydrogen annually, which will then be used to generate a staggering 912,500 tons of green ammonia. This production capacity holds the potential to revolutionize various sectors, from agriculture to transportation, as well as significantly reduce carbon emissions.
One of the standout features of this project is the emphasis on green ammonia. While ammonia is traditionally recognized as a fertilizer, its role in the energy sector is gaining prominence. Green ammonia is considered an emissions-free fuel, making it a valuable asset in the fight against climate change. Its versatility as both a fertilizer and a clean fuel underscores its significance in the context of sustainable development.
Before the project can proceed to the detailed engineering and construction phases, a critical milestone must be achieved: the successful closure of financing negotiations. Various entities, including industrial companies and investment funds, are currently engaged in discussions to secure the necessary funding. Once this crucial step is accomplished, the project will move full steam ahead, with a focus on materializing the plant’s construction through an engineering, purchasing, and construction management (EPCm) contract.
For Técnicas Reunidas, this project aligns seamlessly with the company’s commitment to decarbonization and the ecological transition. It comes on the heels of the launch of Track, the company’s strategic solution aimed at accelerating sustainability initiatives, introduced in March of this year. This endeavor underscores Técnicas Reunidas’ dedication to becoming a key player in the transition towards cleaner and more sustainable energy sources.
Allied Green Ammonia, on the other hand, is a company purpose-built for the development of green hydrogen and ammonia facilities in the Northern Territory of Australia. Their partnership with Técnicas Reunidas signifies a concerted effort to leverage Australia’s renewable energy potential and contribute to the global transition to cleaner energy sources.