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Louisiana Economic Development Announces Proposed Ascension Clean Energy Project

11/1/2022

Press Release - Clean Hydrogen Works (CHW)

Clean Hydrogen Works (CHW) and project shareholders Denbury Carbon Solutions, a subsidiary of Denbury, Inc. and the largest CO pipeline operator in the U.S., and Hafnia, a world leading product tanker company, have come together to pursue the development of a world-scale clean hydrogen-ammonia production and export project, Ascension Clean Energy (ACE). With a projected $7.5 billion investment, this transformational project would provide a cost-effective and scalable pathway to decarbonize the world’s use of energy.

We have identified 1,700 acres strategically located on the West Bank of the Mississippi River in Donaldsonville’s industrial RiverPlex MegaPark for the project. Its proximity to feedstock pipelines, direct access to the Mississippi River and existing infrastructure make this site ideal to position Louisiana as an innovator in the global energy transition. This aligns with Louisiana's Climate Action Plan, specifically the state’s goal to be carbon neutral by 2050.

Producing an expected 7.2 million metric tons of ammonia annually, this integrated, state-of-the art facility would create an estimated 350 direct new jobs in Ascension Parish, providing the opportunity for local residents to be at the forefront of the clean energy transition. The state’s highly skilled and trained workforce is another advantage for the development and operation of the project. Project shareholders are committed to working with local community and education leaders to provide pathways to additional training and job opportunities for the local workforce.

During its production process, ACE would capture an estimated 12 million metric tons of CO annually at a capture rate of up to 98 percent. Additional technologies are being explored which could result in zero-carbon or even carbon negative hydrogen-ammonia production at the facility. A recognized leader in CO transportation and storage, Denbury’s decades of experience as the largest CO pipeline operator in the U.S. make them an ideal partner in this venture. Hafnia’s best in class tanker fleet is ideally suited to help develop safe, sustainable, and efficient solutions to ship ACE’s clean hydrogen-ammonia to emerging clean energy markets across the globe.