Thailand Pursues $7 Billion Green Hydrogen/Ammonia Value Chain

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Researched by Industrial Info Resources (Sugar Land, Texas)--Thailand's PTT Public Company Limited and the Electricity Generating Authority of Thailand (EGAT) recently signed a memorandum of understanding with Saudi Arabia's ACWA Power to develop a green hydrogen/ammonia value chain. It is part of Thailand's efforts to reach its decarbonization goals.

The estimated US$7 billion investment aims to produce 225,000 tons per year of green hydrogen that can be converted into about 1.2 million tons per year of green ammonia. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more from a detailed project report.

ACWA Power, PTT and EGAT already have started conducting an investment feasibility study that eventually could make Thailand an international exporter of green hydrogen and green ammonia.

Companies from around the world are turning to Southeast Asia to set up green hydrogen production facilities. Industrial Info is tracking about US$19 billion worth of green hydrogen projects across the region, with Thailand and Indonesia together accounting for more than half of the total investment value. Subscribers can click here for a list of detailed project reports from the region, and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).