AGA seeks to raise USD 6.5bn for major Aussie green ammonia project
Sep 13, 2024 14:34 CESTAllied Green Ammonia (AGA) has picked construction firm Nacap to build the hydrogen pipeline needed for its large-scale green hydrogen and ammonia facility in the Northern Territory of Australia which is expected to produce nearly one million tonnes of green ammonia fuel per year.
Nacap has signed a construction engineering services agreement for the deployment of a 58-kilometre-long (36 miles) hydrogen pipeline for the site to be located at Nhulunbuy, Gove Peninsula, a joint press release says.
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AGA noted in the statement that the project is well advanced and is expected to be ready for a final investment decision (FID) within the year.
Earlier this month, the company hired Affinity Capital Group as a lead manager and strategic financial adviser to help it raise about USD 6.5 billion (EUR 5.84bn) for the development and construction of the site.
The Gove facility is expected to be capable of producing 486 tonnes per day of green hydrogen for an annual output of 960,000 tonnes of green ammonia onsite. The project envisages the utilisation of 4.75GW per hour of solar electricity, according to the earlier statement.
(USD 1 = EUR 0.899)
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