The ALFATTAN- LtechUVC Green Energy SPC, will be setting up 200 MW class green hydrogen and ammonia plant in Abu Dhabi. The SPC (Special Purpose Company) is formed with the collaboration between UAE-based Al Fattan Energy and South Korean renewable energy developer LTechUVC.
The SPC will oversee the development of the project with the estimated cost of approximately $400 million. The project is situated in the KEZAD (provisional) area, the largest industrial complex in Abu Dhabi.
The ALFATTAN LtechUVC Green Energy SPC was officially inaugurated on March 17, 2023. The project is expected to represent a new phase in the development of green hydrogen and ammonia technology. It is also anticipated that the project will attract significant interest from investors and businesses across the UAE amongst other nations.
The SPC will work in collaboration with major Korean companies with expertise in the field, with LTechUVC leading the “Team Korea” effort. The project aims at producing green hydrogen and ammonia on a large scale, that finally aims to reduce greenhouse gas emissions.
With extensive experience in nuclear, oil and gas, and renewable energy engineering to the project, Al Fattan Energy is a subsidiary of Al Fattan Holding Investment. While, LTechUVC, is a consulting company specializing in hydrogen-based energy businesses, with a 20MW hydrogen fuel cell project due to begin construction in May, this year.
This initiative marks a first step in the development of the hydrogen technology in the UAE, with the support and possible business relationships with major UAE government establishments.South Korea is reported as the one of the world’s top three ammonia importers, which has recently decided to promote green ammonia mixed combustion power generation in coal and gas-fired power plants to achieve “zero greenhouse gas emissions” by 2050.
Jamal Khalid Al Nuaimi, GM of ALFATTAN Defense system and Chairman of the Al Fattan Group, informed that Al Fattan Energy was established to take a leading role in Engineering and Maintenance for Nuclear and Renewable Energy sector in the UAE and MENA regions. He further pointed out that Al Fattan Energy has a target to develop a green hydrogen ammonia project in Abu Dhabi, UAE, through cooperation with leading Korean conglomerates, to secure leadership in the field and contribute to reducing greenhouse gas emissions.
LtechUVC CEO Jiyoung Lee, said, “The South Korean government declared its vision of ‘Zero for Green’ carbon neutrality in November 2021 and set a goal to achieve zero carbon emissions in the power generation sector through a transition to renewable energy and hydrogen. In this context, LtechUVC is promoting overseas new and renewable energy and hydrogen projects to realize neutrality by 2050 and secure the basis for production, supply, and utilization of clean hydrogen. Through this project, LtechUVC intends to stably procure green ammonia in a timely manner for the expansion of low-carbon power generation and play a leading role in the future energy business by early establishment of the hydrogen.”