AustriaEnergy International GmbH reaches decisive milestone with Chile's largest green hydrogen/green ammonia project to date: successful submission for environmental impact assessment

EQS-News: AustriaEnergy International GmbH / Key word(s): Miscellaneous AustriaEnergy International GmbH reaches decisive milestone with Chile's largest green hydrogen/green ammonia project to date: successful submission for environmental impact assessment 06.08.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. AustriaEnergy International GmbH reaches decisive milestone with Chile's largest green hydrogen/green ammonia project to date: successful submission for environmental impact assessment Vienna, 06.08.2024 – AustriaEnergy International GmbH, an owner-managed, internationally active technology integrator and site developer for the design of industrial wind and solar parks for grid feed-in as well as for the production of green hydrogen and ammonia from exclusively renewable energies, is consistently driving forward its activities in Chile. After three and a half years of preparing the environmental impact study, the first phase of the first green hydrogen/green ammonia project has now been successfully submitted to the Chilean environmental authority and is expected to receive environmental approval by the fourth quarter of 2025. With a total investment volume of around USD 11 billion, it is Chile’s largest project ever to undergo an environmental impact assessment. The first project phase includes a seawater desalination plant, one of the world’s largest onshore wind farms with a capacity of 1.4 gigawatts and 194 turbines, a process plant for converting electrical energy into green hydrogen and subsequently into green ammonia, a green ammonia interim storage facility and a multi-purpose port with a sea terminal that will also be available to other market participants. Every year, 270,000 tons of hydrogen, converted into 1.3 million tons of ammonia, will be produced. When completed, the interim storage facility will have a storage capacity of 180,000 tons per year, spread over three tanks. Construction is expected to begin in the first half of 2027 and operation in the second half of 2030.