Gauging the profitability of China’s First Green Ammonia Project
We know that Envision Energy launched China’s first commercial green ammonia plant which is entirely powered by off-grid renewable power at its Chifeng Hydrogen Net Zero Industrial Park on July 8. We also know the project has been officially awarded the ISCC Plus certification, becoming the first green ammonia project worldwide to receive the designation. This landmark achievement underscores Envision's world-leading capabilities in green fuel sector.
The world's largest green hydrogen-ammonia project is now in operation
The project's first phase includes 1.43 GW of wind and solar power and a 680 MWh energy storage system, enabling an annual output of 320,000 tons of green ammonia. Following the successful operation of first phase, construction will begin soon to expand the total capacity to 1.5 million tons.
The project has secured a long-term offtake agreement with Marubeni Corporation, one of Japan's largest trading houses.
While, today we will delve deeper to reveal the most important factor of the project-the cost of production and storage. I will cite the presentation of top management of Envision Energy, combining with my analysis, to discuss the production cost of green hydrogen at this plant and the Capex of ammonia storage facility. Readers will have better understanding on the decisive factor of profitability of this project.
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