{"id":89000,"date":"2025-01-09T00:00:00","date_gmt":"2025-01-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/01\/09\/koreas-lupro-to-produce-green-ammonia-in-oman-for-asian-market-exports\/"},"modified":"2025-01-09T00:00:00","modified_gmt":"2025-01-09T00:00:00","slug":"koreas-lupro-to-produce-green-ammonia-in-oman-for-asian-market-exports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/01\/09\/koreas-lupro-to-produce-green-ammonia-in-oman-for-asian-market-exports\/","title":{"rendered":"Korea\u2019s Lupro to produce green ammonia in Oman for Asian market exports"},"content":{"rendered":"

Korean green energy company Lupro will set up a JV with an undisclosed <\/strong>Omani company to produce green ammonia for export to Thailand and Korea<\/strong>, according to statements here<\/a> and here<\/a>. The JV aims to produce 5 mn tons of green ammonia between from 2027 to 2032. Lupro will hold a majority of 80% stake in the JV. <\/p>\n

The project already secured an offtaker:<\/strong> Lupro signed a KRW 6.5 tn (c. USD 4.5 bn) supply agreement with Thailand\u2019s MA Corporation for 10 years, according to a separate press release<\/a>. <\/p>\n

More about the plant: <\/strong>Construction of the new green ammonia facility will begin this year in the Duhuk FreeEconomic Zone. The first production phase will be powered by 2 GW of solar and wind capacity, with exports to Thailand planned to kick off in 2027. The contracting parties also have plans for a second phase to target other Asian markets like Singapore, Malaysia, and South Korea, with 2.5 mn tons of annual production powered by up to 5 GW of renewables. <\/p>\n

The upside for Lupro: <\/strong>Oman\u2019s much lower costs of green ammonia production \u2014 at just KRW 5 (c.USD 0.0034) per KWh \u2014 is advantageous to Lupro compared to KRW 330 (c.USD 0.26) in Korea. <\/p>\n

REMEMBER- Oman has big green ammonia ambitions:<\/strong> The state-owned Hydrom signed an agreement<\/a> with a consortium of EDF and UK\u2019s Yamna for a large-scale project in Duqm that will produce 1.38 mn tons of green hydrogen and 1 mn tons of green ammonia annually. In 2023, Hydrom also signed an agreement with the Hyport Duqm Consortium \u2014 a JV between DEME Concessions and OQ Alternative Energy \u2014 to construct a green hydrogen production facility that would produce some 1 mn tons of green ammonia<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The new venture would produce 1 mn ton of green ammonia annually for export to Thailand<\/p>\n","protected":false},"author":1,"featured_media":89001,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[346],"tags":[11,241,92],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-ammonia","tag-enterpriseclimate","tag-green-ammonia","tag-oman","wpautop","entry"],"acf":{"mongo_id":"4a7990cb-4991-4299-9fa1-81c3495d3b2e","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/152.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Korea\u2019s Lupro to produce green ammonia in Oman for Asian market exports","related_issue":[88995],"teaser":"The new venture would produce 1 mn ton of green ammonia annually for export to Thailand","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.72673f65-0765-4092-9218-ee84d93bd3ea.mp3"},"yoast_head":"\nKorea\u2019s Lupro to produce green ammonia in Oman for Asian market exports - 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