Under the agreement, the two companies will explore the development of green hydrogen used as feedstock for green fuel and green derivatives production, storage and distribution facility.
Dr. Gary Benninger, AmmPower CEO and Executive Chairman, said, “The green fuel made with hydrogen feedstock is intended to be produced by AmmPower’s facility and will be used as fuel for next generation ships as well as a medium to transport green energy on a global basis.”
PCCA positions itself as the US’ pre-eminent gateway for exporting low carbon energy to international markets due to its ability to provide access to a deep draft channel and close proximity to renewable energy developments.
Mitsubishi Corporation, Lotte Chemical and RWE recently entered into a Joint Study Agreement (JSA) to develop a clean ammonia project in PCCA.
The companies have formed a strategic alliance to jointly develop stable and large-scale green and blue ammonia supply chains in Asia, Europe and the US, with the target of first production by 2030 and phased build-out of production capacity with multiple production units.
Read more: Mitsubishi, Lotte and RWE to develop clean ammonia project
AmmPower has been named as one of the Private Sector Partners in the PCCA Authority’s Horizons Clean Hydrogen Hub.
In 2017, PCCA purchased electricity from 100% renewable sources and has also been an Environmental Protection Agency Green Power Partner since 2021.
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