- Proman and Mitsubishi sign a memorandum of understanding to develop a global-scale low-carbon ammonia plant in Lake Charles, USA.
WOLLERAU, Switzerland, Oct. 18, 2023 /PRNewswire/ -- Proman has signed a memorandum of understanding with Mitsubishi Corporation to explore the construction of a global-scale low-carbon ammonia facility in Lake Charles, Louisiana. The proposed plant would produce approximately 1.2 million tonnes per year of clean ammonia incorporating state-of-the-art carbon capture and sequestration technology.
The proposed low-carbon ammonia facility will be located at Proman's existing site in Lake Charles, adjacent to Proman's natural gas-to-methanol plant, which is also under development.
Welcoming the agreement, Proman CEO David Cassidy said: "We are delighted to develop this global low-carbon ammonia facility with Mitsubishi Corporation. Proman is already a leading fertilizer producer and we are committed to to expand our global production to Boost ammonia's critical role as a fertilizer, fuel and decarbonized future energy source. Once completed, this state-of-the-art plant with industry-leading carbon capture technology will be an important step in meeting the growing demand for ammonia as a clean source. We are honored to partner with Mitsubishi on this."
The signing ceremony between Proman and Mitsubishi Corporation took place at the Third International Conference on Ammonia Fuel (CFA), organized by the Ministry of Economy, Trade and Industry of Japan. Ammonia produced at the facility will primarily be exported to Japan as a clean fuel to reduce emissions from coal-fired power plants, in line with Japan's national strategy to increase domestic ammonia consumption to help achieve its decarbonization goals.
NOTES TO THE EDITORS
Proman is an integrated energy company and one of the largest producers of methanol and fertilizers in the world.
Ammonia-based fertilizers play a vital role in achieving food security and supporting the growing world population. In September 2023, Proman announced the financial close of a $1.5 billion investment in a 2,220 ton per day ammonia plant in Topolobampo, Mexico, with construction already underway. The investment will expand Proman's ammonia production capacity to 2.8 million tonnes per year.
Proman is committed to developing green, low-carbon methanol and ammonia as cleaner alternatives to fossil fuels, offering a path to dramatically reduce emissions in a variety of sectors, including transportation and heavy industry.
Headquartered in Switzerland, active in the United States, Trinidad and Oman, and continuing expansion into Mexico, Canada and the United Arab Emirates, Proman is a global leader in methanol, fertilizers and other products such as melamine. We have extensive experience in project management, construction and operation of petrochemical plants, marketing and logistics, and shipping. www.proman.org
Mitsubishi Corporation (MC) is a global integrated trading company that develops and operates businesses together with its offices and subsidiaries around the world, as well as its global network of around 1,700 group companies.
MC has 10 business groups operating in virtually all industries: natural gas, industrial materials, chemical solutions, mineral resources, industrial infrastructure, automotive and mobility, food industry, consumer industry, energy solutions and urban development. Through these 10 business groups plus the addition of its Industry Digital Transformation Group and its Next Generation Energy Business Group, MC's current activities have expanded well beyond its traditional business operations to include operations of development, production and manufacturing projects, working in collaboration with our trusted partners around the world.
With an unwavering commitment to conducting business with integrity and fairness, MC remains fully dedicated to growing its businesses while contributing to a prosperous society.
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