ReMo Energy Inc., Boston, on May 9 announced the launch of a new fertilizer technology that can produce green ammonia from air, water, and cheap renewable energy. The company said that its new green ammonia product called ReMonia™ allows growers to source this critical nitrogen from a local producer.
“With this technology, we are not only tackling decarbonization, but we are also helping to shorten agricultural supply chains and ensure farmers everywhere can nourish the world without being at the mercy of uncertain fertilizer supply,” said Scott Rackey, ReMo Energy CEO and Co-Founder. “Most importantly, we’re ready to go now. The technology is proven, and the economics already work – even before these wild price spikes.”
“The extreme volatility in nitrogen fertilizer prices over the last several years have shown the need for a local distributed approach,” added Rackey. “At ReMo Energy, we believe it is possible to transform the production of chemicals and materials in a way that solves for both climate change and food security. Our proprietary plant designs, control algorithms, and our methods for leveraging low-cost renewable energy are what is needed to move the industry forward.”
Rackey told Green Markets that its full-scale plants will produce 80,000-100,000 st/y. “At this scale, it is pretty large for a single location. However, a vendor with a chain of locations could serve a county-scale region with a plant of this size. We would be happy to get into discussions with prospective distributors who might be interested in a long-term contract.
“We are in discussions with several prospective offtakers now, and some of these discussions are quite advanced,” added Rackey. “As with renewable energy projects, a plant is only constructed after the project is fully contracted. This means we need to have the offtake contract executed, received binding quotes for all major equipment and engineering, procurement and construction (EPC) work, achieved land control, received all necessary permits, etc. So far we have completed a front-end loading (FEL) level 2 study for a 16,000-ton demonstration scale facility. This facility would incorporate off-the-shelf components and ReMo’s patent-pending architecture.”
ReMo lists as an investor Breakthrough Energy, Kirkland, Wash., which was established in 2016 by Bill Gates and a coalition of private investors concerned about the impacts of accelerating climate change. The company supports the innovations that will lead the world to net-zero emissions by 2050.