Renewable energy company SwitcH2 has welcomed a new shareholder on track to finalize the design of its 300 MW offshore floating ammonia project.
Chemical engineering and construction company JORD has signed a shareholders agreement and invested in SwitcH2, joining investors such as BW Offshore and Dutch Oceans Capital.
Under the agreement, JOGS, a JORD Group subsidiary, will contribute to the final design phase of SwitcH2’s flagship offshore green ammonia project based on floating production, storage, and offloading (FPSO) technology.
“We are very pleased to be able to tap into JORD’s wealth of chemical engineering and construction experience,” said SwitcH2 Managing Director and Co-Founder Saskia Kunst . “Our shareholding base has superb complementarity in skills, know-how and strategic positioning in the renewable energy space and jointly we strive for FID on our first project soon.”
Located in Portugal, the project will be a 300 MW floater based on Ohmium’s proton exchange membrane (PEM) electrolyzer solution , ThyssenKrupp’s ammonia synthesis , and ABB’s electrical and control systems.
Nearshore solar and wind power will be used to produce green ammonia onboard the vessel which will then be shipped to local users and the Benelux ports.
At the end of 2024, SwitcH2 partnered with Swedish company CorPower Ocean to integrate wave energy to partially power green ammonia production.
When complete, the floating facility is expected to have an annual production capacity of up to 55,000 tonnes of green hydrogen and almost 300,000 tonnes of green ammonia, which is said to be enough to fuel multiple oceangoing vessels for a full year.
With support from the Dutch government and approval in principle (AiP) for its design from the classification society DNV , the project anticipates green ammonia production by 2029.