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Al Fattan Energy & LTechUVC Partner Create 200MW Green Hydrogen & Ammonia Plant | |
| Sumita Pawar |
Al Fattan Energy and LTechUVC have formed a special purpose corporation (SPC), ALFATTAN LtechUVC Green Energy, to develop a 200 MW green hydrogen and ammonia facility in Abu Dhabi's KEZAD.
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The project is expected to cost around $400 million and will collaborate with Korean companies to produce large amounts of green hydrogen and ammonia, reducing greenhouse gas emissions.
The SPC will draw significant interest from businesses and investors across the UAE, marking the first step towards the development of hydrogen technology in the country.
Al Fattan Holding Investment’s subsidiary, Al Fattan Energy, brings extensive experience in the fields of nuclear, gas, oil, and renewable energy engineering.
LTechUVC is a consulting company that specialises in the hydrogen-based energy business. A 20 MW hydrogen fuel cell project will be under construction by May this year.
With the support of major UAE government institutions and the possible establishment of business relationships, the investment by both sides in hydrogen production marks the first step towards the development of hydrogen technology in the UAE. Korea is one of the top three ammonia importers in the world. It recently decided to promote green ammonia mixed-combustion power generation in coal-fired power stations to reduce greenhouse gas emissions.
On March 17, 2023, the ALFATTAN LtechUVC Green Energy SPC was officially inaugurated. This project marks an exciting new stage in the development of ammonia and green hydrogen technology. It is expected to draw significant interest from businesses and investors across the UAE.