*SAID ON SATURDAY, IT WINS CONVERTIBLE FEED CONTRACT BY ACWA POWER FOR GIGA SCALE GREEN AMMONIA FACILITY TO BE BUILT IN YANBU, SAUDI ARABIA
*CONTRACT WITH PARTNER SINOPEC GUANGZHOU ENGINEERING
*SCOPE OF FRONT-END ENGINEERING DESIGN INCLUDES FACILITY FOR PRODUCTION OF 400,000 TONS PER YEAR OF GREEN HYDROGEN (4 GW OF ELECTROLYSIS) AND CONVERSION INTO GREEN AMMONIA
*CONTRACT TO BE PERFORMED IN NEXT 10 MONTHS, AFTER WHICH, TR AND PARTNER WILL PRESENT EPC PROPOSAL FOR EXECUTION OF MULTIBILLION FACILITY
*FACILITY TO BE READY FOR COMMERCIAL OPERATIONS BY 2030
((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 28-JUL-202505:26:47 GMT