Hafnia Partners with Clean Hydrogen Works in Transformational Clean Fuel Project
Nov 1, 2022
Hafnia is pleased to announce its collaboration with Clean Hydrogen Works (CHW) to explore the development of a new, global-scale, clean hydrogen ammonia production and export project, Ascension Clean Energy (ACE), – located on the West Bank of the Mississippi River in Ascension Parish, Louisiana.
This notable project aims to capture up to 98 percent of Carbon dioxide (CO2) emissions from its processes, and will provide a cost-effective, scalable pathway to supply carbon-free energy. Within the scope of the project, additional technologies are being explored which could result in zero-carbon or even carbon negative hydrogen-ammonia production at the facility.
The expected project investment of $7.5 billion, with 350 permanent, full-time jobs projected, is planned to significantly impact the state of Louisiana and local economies.
As the world’s leading product tanker company, Hafnia is well-positioned to help develop safe, sustainable, and efficient solutions to ship ACE’s clean hydrogen ammonia to emerging clean energy markets across the globe.
This marks a strategic step in shaping the future of the Hafnia transport portfolio, utilizing purpose-build vessels against long standing contracts in the zero-carbon space.
Other project shareholders include the world’s largest CO2 pipeline operator Denbury Carbon Solutions, a subsidiary of Denbury, Inc, who will move the CO2 output via pipelines for underground storage purposes (sequestration).
Anticipated production is currently targeted by late 2027 with shipment of the clean energy commencing in 2028.
On announcing this innovative partnership, Hafnia CEO Mikael Skov comments: “As the world’s leading product tanker company transporting energy worldwide, Hafnia is well-positioned to transport this clean fuel safely and efficiently to markets across the globe. We look forward to our continued collaboration with Clean Hydrogen Works (CHW) and its partners in bringing this transformational project to Louisiana – in a strategically significant initiative aligned with furthering our overall sustainability objectives.”
On working together with Hafnia in this transformational project, Mitch Silver, Chief Operating Officer of Clean Hydrogen Works states “We are proud to work with project shareholder Hafnia, the world’s leading product tanker company, to bring the Ascension Clean Energy (ACE) project to Louisiana. An industry leader and proven innovator, Hafnia’s established track record of transporting hydrocarbons safely and sustainably around the world, as well as its stated priority to reduce carbon emissions, are fully aligned with ACE’s goals to meet the world’s growing demand for clean and affordable energy.”
Hafnia is one of the world’s leading oil product and chemical tanker owners and operators, transporting energy products and chemicals for major national and international energy companies, chemical companies, as well as trading and utility companies. Hafnia commercially operates a fleet of around 250 vessels, including newbuilds.