S.Korean energy firm plans to import 1 mn tons of clean ammonia annually from 2028
South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp. said on Tuesday its plans of investing 10 million Canadian dollars (US $75 million) in a Canadian blue ammonia production project.
The project, which is being developed by Hydrogen Canada, will produce clean ammonia from natural gas in Alberta, Canada after carbon dioxide is captured and stored underground (CCS). E1 will secure 1 million tons of blue ammonia annually through this investment and target domestic introduction in 2028.
>> In Other News: XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028
Clean ammonia is a clean and sustainable fuel that minimizes carbon emissions and can be used directly and is also attracting attention as a carrier that can store and transport hydrogen. The clean ammonia and hydrogen introduced into Korea are expected to play an important role in the activation of domestic carbon neutrality and hydrogen economy by being used in coal-fired power generation, LNG power generation, transportation, and industrial fields.
The investment by E1 is a sign of the growing interest in clean ammonia as a potential solution for decarbonizing the energy sector. Canada is well-positioned to be a major producer of clean ammonia, given its abundant natural gas resources and well-developed CCS infrastructure.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Why Exxon Just Gave Up 160 Gulf Leases
Inside This Issue 🛢️ ExxonMobil Relinquishes 850,000 Acres of Gulf Federal CCS Leases as Interior Rulemaking Stalls 🌱 Climate Action Reserve Adopts Revised Permanence Approach 🧪 Mitsubishi Gas Che...
-
$600M If Carbon Crashes: Canada and Alberta's New Bet
Inside This Issue 🍁 Inside the $1.2 Billion Deal Derisking Alberta CCUS 🌍 Nine Countries Join CCSA-Led Forum To Coordinate CCUS Policies Across Europe 🌀 Deep Sky Delivers North America's First Cer...
-
Air Products Just Killed Its $4.5B Louisiana Hydrogen Project
Inside This Issue 🔋 Captura's $12.5M Raise Reveals a Lithium Play in Pasadena 🍁 Max Power Confirms Basin-Scale Natural Hydrogen Potential in Saskatchewan with Bracken Well, 325 Km from Lawson Disc...
Company Announcements
-
The accelerator seeks next cohort of carbontech startups SOMERVILLE, Mass. and HOUSTON and BROOKLYN, N.Y., June 30, 2026 /PRNewswire/ -- The Carbon to Value Initiative (C2V Initiative)—a unique co...
-
We're excited to launch Rebond 300, the world’s first carbon-negative construction material with an EPD-verified footprint of -149 kg CO₂ per tonne. It marks the latest addition to our Rebond serie...
-
Deutsche Bank Is Investing in SAF With Lufthansa Group
Deutsche Bank is investing approximately 1600 metric tonnes of Sustainable Aviation Fuel (SAF) through its partnership with Lufthansa Group. The agreement will reduce the environmental impact of bu...
-
Mitsubishi Gas Chemical and ACME Group Sign Agreement for the Purchase and Sale of Green Methanol
Mitsubishi Gas Chemical Company, Inc. (MGC; Head Office: Chiyoda-ku, Tokyo; President: Yoshinori Isahaya) is pleased to announce that on July 2, 2026, it entered into a purchase and sale agreement ...