SABIC AN and Atmonia ehf., announce an exclusivity agreement providing SABIC AN full exclusivity for ammonia production using Atmonia´s technology within Saudi Arabia, Bahrain, Kuwait and Oman. Atmonia is an Icelandic company developing a sustainable production process for ammonia production.
RIYADH, Saudi Arabia and REYKJAVIK, Iceland, Jan. 17, 2023 /PRNewswire/ — Mr. Munif-Al, Munif, General Manager T&I at SABIC AN commented “This agreement demonstrates SABIC AN´s confidence in Atmonia´s ability to reach its development goals and launch the product. SABIC AN is fully committed towards the climate change challenge by production of sustainable fertilizer in the future, but today 1-2% of the global anthropogenic carbon emissions are from ammonia production. Furthermore, sustainably produced ammonia represents a promising carbon free energy carrier, or eFuel, with the potential to avoid up to additional 3% of anthropogenic emissions due to shipping emissions. Application of ammonia in aviation and for electrical grids are receiving increasing attention and interest….
