- Hafnia has declared its collaboration with Clean Hydrogen Works (CHW).
- The expected project investment of $7.5 billion, with 350 permanent full-time jobs is projected.
Hafnia Partners with Clean Hydrogen Works in Transformational Clean Fuel Project, reports Hafnia.
Hafnia has declared its collaboration with Clean Hydrogen Works (CHW) to explore the development of a modern, global-scale hydrogen ammonia production and export project, Ascension Clean Energy (ACE), located on the West Bank of the Mississippi River in Ascension Parish, Louisiana.
This significant undertaking intends to capture up to 98 percent of Carbon dioxide (CO2) emissions from its processes and will furnish a cost-effective way to supply carbon-free energy.
The expected project investment of $7.5 billion, with 350 permanent full-time jobs projected, is scheduled to considerably affect the state of Louisiana and local economies.
Hafnia is well-positioned to help formulate stable, sustainable, and efficient solutions to ship ACE’s clean hydrogen ammonia to emerging clean energy markets across the earth.
This marks a critical step in forming the future of the Hafnia transport portfolio, utilizing purpose-built vessels against long-standing contracts in the zero-carbon space.
Other project shareholders comprise the world’s largest CO2 pipeline operator Denbury Carbon Solutions, a subsidiary of Denbury Inc which will move the CO2 output via pipelines for underground storage purposes.
The production is currently targeted by late 2027 with the shipment of the clean energy commencing in 2028.
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