The UAE’s Al Fattan Holding Investment is investing USD 20 mn in a 200 MW green hydrogen and ammonia facility in Abu Dhabi, Gulf News reports. The project is estimated to cost a total of USD 400 mn and will be developed by the holding company’s power subsidiary Al Fattan Energy in partnership with South Korea’s LTechUVC after they signed an agreement in March. No details on other potential investors were mentioned.

What we know about the project so far: The two companies established a special-purpose vehicle (SPV) to carry out the project, which will be located in the Kezad industrial complex in Abu Dhabi. The plant will specialize in the production and supply of green hydrogen and ammonia used for ammonia hybrid power generation, according to the news outlet.

The stakeholders: Al Fattan Energy works on renewable energy, nuclear, and oil and gas projects in MENA, while LTechUVC is a consulting firm focused on hydrogen-based energy. LTechUVC will oversee the participation of other firms in the construction of the Kezad green ammonia plant.

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