- Navigator Gas and Attis Clean Energy invest in US clean ammonia project.
- The companies will jointly develop a large-scale ammonia production facility on the Texas Gulf Coast.
- Navigator will transport the produced ammonia to customers worldwide using its fleet of ammonia-powered ships.
Navigator Holdings, a global leader in liquefied gas shipping, and Attis Clean Energy have announced a joint investment in Ten08 Energy, a company focused on producing clean ammonia.
Large-Scale Ammonia Production Facility
Ten08 is building a major facility on the Texas Gulf Coast to produce 1.4 million metric tons of low-carbon ammonia annually. The plant is expected to begin operations in late 2029 or early 2030.
Integrated Value Chain
Navigator and Attis aim to create an integrated value chain by combining ammonia production with transportation using Navigator’s fleet of ammonia-powered ships. The companies will serve customers in Europe and Asia.
CEO’s Statement
Mads Peter Zacho, Chief Executive Officer of Navigator has stated “This investment is yet another example of our commitment to growth through energy infrastructure projects and meaningfully supports our existing ammonia shipping business. Clean ammonia is crucial to the success of the energy transition for both power generation and carbon free shipping, and the Ten08 project will play a critical role in further developing the clean ammonia industry. As a result of this investment, we look forward to strengthening our working relationships with numerous customers and partners around the world.”
Clean Ammonia for a Sustainable Future
Clean ammonia is seen as a crucial fuel for decarbonizing various industries, including power generation, shipping, fertilizer, and chemicals. The partnership between Navigator and Attis is a significant step towards a more sustainable future.
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Source: Navigator Gas
