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Mabanaft Signs Letter of Intent With Pattern Energy for Green Ammonia Supply From Canada

The energy company Mabanaft signed a letter of intent (LOI) with the US company Pattern Energy today, Monday. Under the terms of the LOI, Mabanaft and Pattern Energy plan to explore a potential agreement for the supply of green ammonia to Mabanaft. The ammonia would be produced by Pattern Energy at the port of Argentia in the Canadian province of Newfoundland and Labrador from 2027 onwards.

Production would require a new plant with an estimated production capacity of 400 tonnes of ammonia per day. Under the letter of intent, Mabanaft also intends to explore the possibility of acting as a co-investor alongside Pattern Energy and sharing its expertise in the fields of ammonia and infrastructure. The green ammonia, produced using wind and hydroelectric power, is set to make a significant contribution to supplying industry in northern Germany and beyond with energy from renewable sources.

LOI signed in the presence of Federal Minister for Economic Affairs Habeck and Canada’s Minister of Energy Wilkinson
The LoI was signed by representatives of both companies at Mabanaft’s headquarters in Hamburg in the presence of Germany’s Federal Minister for Economic Affairs and Climate Action, Habeck; Canada’s Minister of Energy and Natural Resources, Wilkinson; and Hamburg’s Senator for Economic Affairs, Leonhard. Habeck and a political delegation from Canada visited Mabanaft as part of the jointly organised German-Canadian Hydrogen and Ammonia Producer-Offtaker Conference in Hamburg on 18 March 2024. The delegation’s visit included stops at Hamburg-based companies involved in hydrogen production, hydrogen storage or hydrogen utilisation.

Hamburg’s Senator for Economic Affairs, Dr Melanie Leonhard, said: “This planned collaboration will bring energy from Canadian wind to Hamburg! In this wind-rich region, hydrogen and its derivatives are to be produced using wind energy in future and then transported by ship to Hamburg, Germany’s hydrogen capital. Here, thanks to the strong industrial base, we need to ensure security of supply for energy-intensive industries. Through a partnership between the Port of Hamburg and our Canadian partners, we will help to establish the necessary infrastructure on the Canadian side.”

Green ammonia from Canada: an indispensable building block for developing the hydrogen economy in Germany
The so-called New Energy Gate in Hamburg is also set to play a key role in Mabanaft’s import of green ammonia. The planned New Energy Gate Hamburg is set to become Mabanaft’s first major hub for the import, storage and further processing of fuels derived from renewable energy sources. In November 2022, Mabanaft announced its intention to build a green energy import terminal in the Port of Hamburg, with the US company Air Products as its anchor customer. Volker Ebeling, Senior Vice President of New Energy, Supply and Infrastructure at Mabanaft, says: “We are firmly convinced that hydrogen and its derivatives will play a key role in the energy supply of industrialised nations. The Letter of Intent we have signed today with Pattern Energy is a renewed commitment to this path.”

Cary Kottler, Chief Development Officer at Pattern Energy, said: “Pattern Energy is delighted to be working closely with Mabanaft on the further development of the Argentia Renewables project in Newfoundland and Labrador. As a leading renewable energy company in North America, Pattern Energy is committed to working with leading energy companies in Europe to fully realise the potential of green fuel production and export infrastructure in North America. The Argentia Renewables project is well-positioned to play a pioneering role in the green hydrogen economy and will be a key element of Europe’s energy transition.”

The Mabanaft Group is a leading independent and integrated energy company that provides its customers with innovative energy solutions in the transport, heating, industrial and agricultural sectors. The company is active in the import, distribution and marketing of petroleum products, natural gas liquids, chemicals and biofuels, and supports its customers in the transition to cleaner fuels by offering alternative long-term solutions.

www.mabanaft.com

Pattern Energy is one of the world’s largest private developers and operators of wind, solar, transmission and energy storage projects. Its operational portfolio comprises 30 renewable energy plants utilising proven, world-class technologies with an operational capacity of nearly 6,000 MW across North America. Pattern Energy is guided by a long-term commitment to serving customers, protecting the environment and strengthening communities.

www.patternenergy.com