The study will cover the green hydrogen production facilities, the ammonia plant, and the associated utilities. The study aims to provide cost estimates for capital and operating expenditures, EPC timeline, and selected process and layout documents. The Company plans to commence the study shortly with the final report expected to be delivered during fourth quarter 2022.
Mr. Nicolaas Paardenkooper, Chief Executive Officer of Brooge Energy, stated, “Engaging thyssenkrupp Uhde is another important step in our transition to clean energy. Global demand for clean energy sources has been strong and is expected to accelerate in the coming years. We are excited to begin the process of bringing this highly anticipated project to reality through engaging with the appropriate partners to see the project to completion. We have been at the forefront of the clean energy movement and our goal is to be one of the first private companies to successfully implement a green hydrogen/ ammonia project in UAE and demonstrate its economic and environmental benefits on local and global scale.”
As previously announced on June 28, 2022, the Company established Brooge Renewable Energy Ltd (BRE), a wholly owned subsidiary of Brooge Energy to focus on green energy related infrastructure activities. At the same time the Company announced that BRE, as a first step, planned a Green Hydrogen and Green Ammonia plant in Abu Dhabi that is targeted to now produce up to 600,000-ton green Ammonia per annum in its second phase and has signed a preliminary land lease agreement for a 150,000 square meter plot that will accommodate the project. BRE currently expects to begin construction of this facility in 2023.