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construct a world scale low-carbon blue ammonia production facility as equal
partners. The proposed facility, which includes autothermal reforming with
carbon capture, will be located at the Enbridge Ingleside Energy Center (EIEC)
near Corpus Christi, Texas.
Once operational, the production facility will be capable of supplying low-
carbon ammonia to meet growing global demand, with an expected capacity of
1.2-1.4 million tons per annum. Approximately 95 percent of the carbon dioxide
(CO(2)) generated from the production process is anticipated to be captured and
transported to nearby permanent geologic storage. If confirmed through the
Front-end Engineering Design (FEED) phase and approved, total project investment
is expected in the range of US$2.6-US$2.9 billion, with production start-up in
2027/2028.
Enbridge and Yara will utilize their complementary strengths to develop and
execute the project. Yara’s industry-leading experience in ammonia development,
production, operations and distribution, combined with Enbridge’s large-scale
infrastructure development expertise and world-class EIEC deep water docks and
export platform, will be critical to advancing the project from development
through to commercial operation. In addition, Yara, the world’s largest ammonia
distributor, is expected to contract full offtake from the facility, which
further enhances the strategic value and commercial viability of the project.
Enbridge’s Texas Eastern Transmission Pipeline is expected to provide the
transportation service for feed gas that will be used for the production
process, and Enbridge, along with Oxy Low Carbon Ventures, is advancing a nearby
CO(2) sequestration hub which is a potential destination for the project’s
captured CO(2).
The construction of any facilities will be subject to receipt of all necessary
regulatory approvals.
“We are excited to partner with Yara and collaborate on this clean energy
project, especially given their expertise in global ammonia projects, operations
and distribution,” said Colin Gruending, Enbridge Executive Vice President and
President, Liquids Pipelines. “EIEC is well positioned to become the most
sustainable export terminal in North America through low-carbon fuel production,
carbon capture and solar self-power.”
“Yara is pleased to be joining Enbridge in developing this significant clean
ammonia project. As presented at our Capital Markets Day, we are working
systematically to develop project opportunities in the U.S. and this project
will significantly contribute to our strategy of decarbonizing agriculture as
well as serving new clean ammonia segments such as shipping fuel, power
production and ammonia as a hydrogen carrier,” said Magnus Krogh Ankarstrand,
President of Yara Clean Ammonia.
About Yara Clean Ammonia
Yara Clean Ammonia is uniquely positioned to enable the hydrogen economy in a
market expected to grow substantially over the next decades. We aim at
significantly strengthening our leading global position as the world’s largest
ammonia distributor, unlocking the green and blue value chains, and driving the
development of clean ammonia globally.
Building on Yara’s leading experience within global ammonia production,
logistics and trade, Yara Clean Ammonia works towards capturing growth
opportunities in low-emission fuel for shipping and power, carbon-free food
production and ammonia for industrial applications.
Yara Clean Ammonia operates the largest global ammonia network with 15 ships and
access to 18 ammonia terminals and multiple ammonia production and consumption
sites across the world, through Yara International. Yara Clean Ammonia’s
revenues and EBITDA for 2022 were USD 4,428 million and USD 249 million
respectively. Yara Clean Ammonia is headquartered in Oslo, Norway.
www.yaracleanammonia.com (http://www.yaracleanammonia.com)
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet.
Supporting our vision of a world without hunger and a planet respected, we
pursue a strategy of sustainable value growth, promoting climate-friendly crop
nutrition and zero-emission energy solutions. Yara’s ambition is focused on
growing a nature positive food future that creates value for our customers,
shareholders, and society at large and delivers a more sustainable food value
chain.
To achieve our ambition, we have taken the lead in developing digital farming
tools for precision farming and work closely with partners throughout the food
value chain to improve the efficiency and sustainability of food production.
Through our focus on clean ammonia production, we aim to enable the hydrogen
economy, driving a green transition of shipping, fertilizer production and other
energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a
unique position as the industry’s only global crop nutrition company. We operate
an integrated business model with around 17,500 employees and operations in over
60 countries, with a proven track record of strong returns. In 2022, Yara
reported revenues of USD 24.1 billion.
www.yara.com (http://www.yara.com)
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on
every day, fueling quality of life through our North American natural gas, oil
or renewable power networks and our growing European offshore wind portfolio.
We’re investing in modern energy delivery infrastructure to sustain access to
secure, affordable energy and building on two decades of experience in renewable
energy to advance new technologies including wind and solar power, hydrogen,
renewable natural gas and carbon capture and storage. We’re committed to
reducing the carbon footprint of the energy we deliver, and to achieving net
zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alberta,
Enbridge’s common shares trade under the symbol ENB on the Toronto (TSX) and New
York (NYSE) stock exchanges. To learn more, visit us at enbridge.com
(https://www.enbridge.com/).
Enbridge Forward-Looking Information
Forward-looking information, or forward-looking statements, have been included
in this news release to provide information about Enbridge Inc. (“Enbridge” or
the “Company”) and its subsidiaries and affiliates, including management’s
assessment of Enbridge and its subsidiaries’ future plans and operations. This
information may not be appropriate for other purposes. Forward-looking
statements are typically identified by words such as ‘‘anticipate’’, ‘‘expect’’,
‘‘project’’, ‘‘estimate’’, ‘‘forecast’’, ‘‘plan’’, ‘‘intend’’, ‘‘target’’,
‘‘believe’’, “likely” and similar words suggesting future outcomes or statements
regarding an outlook. Forward-looking information or statements in this news
release include statements with respect to the proposed low-carbon blue ammonia
production facility at Enbridge Ingleside Energy Center, including the
characteristics and benefits thereof, anticipated costs and in service date, and
related transportation service and offtake arrangements.
Although Enbridge believes these forward-looking statements are reasonable based
on the information available on the date such statements are made and processes
used to prepare the information, such statements are not guarantees of future
performance and readers are cautioned against placing undue reliance on forward-
looking statements. By their nature, these statements involve a variety of
assumptions, known and unknown risks and uncertainties and other factors, which
may cause actual results, levels of activity and achievements to differ
materially from those expressed or implied by such statements. Assumptions
regarding the expected supply of and demand for crude oil, natural gas, natural
gas liquids, renewable energy and other commodities, and the prices of these
commodities, are material to and underlie all forward-looking statements, as
they may impact current and future levels of demand for the Company’s services.
Similarly, energy transition, including the drivers and pace thereof, exchange
rates, inflation and interest rates impact the economies and business
environments in which the Company operates and may impact levels of demand for
the Company’s services and cost of inputs, and are therefore inherent in all
forward-looking statements. Due to the interdependencies and correlation of
these macroeconomic factors, the impact of any one assumption on a forward-
looking statement cannot be determined with certainty. The most relevant
assumptions associated with forward-looking statements on announced projects and
projects under construction, including estimated in-service dates and the
realization of anticipated benefits, include the following: the impact of
litigation and government, regulatory and stakeholder actions and approvals on
construction and in-service schedules; the availability and price of labour and
construction materials; the effects of inflation and foreign exchange rates on
labour and material costs; the effects of interest rates on borrowing costs;
technology-related matters; the impact of weather; and expectations about our
partners’ ability to complete and finance proposed projects.
Enbridge’s forward-looking statements are subject to risks and uncertainties,
including, but not limited to those risks and uncertainties discussed in this
news release and in the Company’s other filings with Canadian and United States
securities regulators. The impact of any one risk, uncertainty or factor on a
particular forward-looking statement is not determinable with certainty as these
are interdependent and Enbridge’s future course of action depends on
management’s assessment of all information available at the relevant time.
Except to the extent required by applicable law, Enbridge assumes no obligation
to publicly update or revise any forward-looking statements made in this news
release or otherwise, whether as a result of new information, future events or
otherwise. All subsequent forward-looking statements, whether written or oral,
attributable to Enbridge or persons acting on the Company’s behalf, are
expressly qualified in their entirety by these cautionary statements.
Contact information:
Yara
Hilde Steinfeld
Media contact
Mobile: +47 993 53 030
Email: hilde.steinfeld@yara.com (mailto:hilde.steinfeld@yara.com)
Silje Nygaard
Investor contact
Mobile: +47 957 04 843
Email: silje.nygaard@yara.com (mailto:silje.nygaard@yara.com)
Enbridge
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com (mailto:media@enbridge.com)
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com (mailto:investor.relations@enbridge.com)
SOURCE: Enbridge Inc.
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