Taiwan Fertilizer Company (TFC) announced that it is partnering with firms out of Japan and South Korea to further its interests in ammonia. It recently signed Memorandums of Understanding (MOUs) with Samsung C&T Corp. of South Korea and IHI Corp. of Japan, with TFC supplying raw materials in cases where their partners possess production capabilities.
IHI develops boiler systems for ammonia co-firing at coal plants and recently achieved a 20% coal-ammonia co-firing test at the Hekinan Power Plant in Japan (GM March 15, p. 27). The company also constructs liquid ammonia storage facilities.
TFC has established an advanced business research center to further innovation and has invested in liquid ammonia storage. TFC recently committed to investing $91 million for two new liquid ammonia storage tanks, and currently has two existing storage facilities with a capacity of 40,000 mt (GM Oct. 6, 2023). TFC imports ammonia from Al-Jubail Fertilizer Co. in Saudi Arabia and reported its first commercial shipment of low-carbon ammonia in June 2023 (GM June 9, 2023).