Gulf Coast Ammonia LLC (GCA) announced recently that it has closed on nonrecourse project financing for its anhydrous ammonia plant in Texas in December 2019. Construction capital will be provided by a joint venture of Starwood Energy Group Global LLC (Starwood Energy) and Mabanaft GmbH & Co. KG (Mabanaft). The facility will have a production capacity of approximately 1.3 million tons of ammonia per year and will purchase hydrogen and nitrogen gases as feedstock, providing for significant capital efficiency and reduced air emissions. Construction of the facility will begin in early 2020 with commissioning expected in the H1 of 2023.
GCA’s state-of-the-art facility will be located within an industrial chemical site in Texas City, Texas and will offer advantageous logistics with deep-water access and pipeline connectivity. Oiltanking North America will own and operate the marine facilities. Using industry-leading and proven technology, the facility will be the single-train ammonia synthesis loop and will raise the bar in terms of the safe and efficient production and storage of ammonia.
GCA has secured long-term offtake contracts for the majority of its production capacity and long-term supply agreements for its feedstock.
