Mabanaft has become an operating partner and ammonia offtaker in Gulf Coast Ammonia, a new ammonia production plant in Texas City.
Gulf Coast Ammonia, jointly owned and controlled by Starwood Energy Group and Mabanaft, issued a formal notice at the end of December to proceed with turnkey construction of an ammonia production plant with nameplate capacity of 1.3 million metric tonnes per year to built at a brownfield site in Texas City. The facilities are expected to enter commercial levels of production in the first half of 2023. Air Products will serve as exclusive supplier of all hydrogen and nitrogen feedstock requirements.
GCA has concluded long-term offtake agreements for the entire nameplate production capacity, of which 500,000 metric tonnes of ammonia per year will be marketed by Mabanaft. The project offers advantageous logistics with 70,000 metric tonnes of on-site storage and a dedicated, deep-water jetty capable of loading domestic barges as well as the largest sea going ammonia carriers to reach global ammonia markets. The marine facilities will be owned and operated by Oiltanking, part of Mabanaft.
Tim Bullock, CEO of Mabanaft, says: 'Mabanaft is very excited to be investor and offtaker to this project. This is a major step for Mabanaft to diversify its portfolio in growing chemical markets in line with the new group strategy.'
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