Mitsui To Participate In Low-Carbon Ammonia Production Project In Abu Dhabi, UAE

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has agreed a project framework agreement with Abu Dhabi National Oil Company ("ADNOC") to partner with TA'ZIZ, Fertiglobe, and GS Energy to participate in a low-carbon ammonia production project at the TA'ZIZ Industrial Chemicals Zone in Abu Dhabi, UAE. TA'ZIZ is a joint venture between ADNOC and ADQ, an Abu Dhabi-based investment and holding company. The initial agreement with ADNOC to join the project was announced in November 2021.

This proposed project aims to produce low-carbon ammonia from low-carbon hydrogen with the carbon dioxide to be captured and stored. The production site is located in the Ruwais Industrial Complex in Abu Dhabi. ADNOC started the feasibility study for this project in 2021, and the facility is expected to commence production in 2025, with a production capacity of approximately 1 million tons per annum. The project is subject to relevant regulatory approvals.

Ammonia has been attracting attention as a zero-emission fuel that does not generate CO2 during burning, and also as a carrier for hydrogen. Mitsui is examining the potential to import low-carbon ammonia produced in this project to Japan and contribute to the realization of low-carbon power generation in Japan.

In the energy sector, Mitsui has been developing and managing liquified natural gas projects with ADNOC in Abu Dhabi since the 1970s. In addition, Mitsui has an approximately 50-year track record in handling products in its ammonia business and is the largest Japanese importer of ammonia. Mitsui will contribute to this project by utilizing the advantages and know-how obtained through such business.

Mitsui has set a goal of achieving net-zero emissions as its vision for 2050 and aims to reduce its GHG impact by 2030 to half of what it was in the fiscal year ended March 2020. Mitsui will continue to contribute to the realization of a carbon-neutral society through GHG emission reduction initiatives, which include this project.