Carlyle, GIC invest in green ammonia project developer Eneus Energy

Eneus Energy Limited, a green ammonia project development company, has secured an undisclosed investment from Carlyle and Singaporean sovereign wealth fund GIC.

The investment is expected to support Eneus Energy‘s development of a pipeline of green ammonia projects with a combined capacity of over 14GW.

Pooja Goyal — Carlyle Infrastructure Group Chief Investment Officer said: “At Carlyle, we believe that if you want to decarbonize the global economy, you have to go to where the carbon is. Green ammonia represents a step-change for the energy transition with enormous decarbonization potential.

“Together with GIC, we are proud of our new partnership with Eneus and look forward to leveraging Carlyle’s deep energy and commodity market expertise along with renewable industry and late-stage development capabilities to help the Eneus team execute its ambitious vision.”

Carlyle, GIC invest in green ammonia project developer Eneus Energy. Photo courtesy of Eneus Energy Limited.

Founded in 2013, Eneus Energy is said to have production site opportunities under development in the US apart from identifying opportunities for additional sites in the UK, Europe, and other parts of the world.

Chris Bronsdon — Eneus Energy CEO said: “The potential global market demand for green ammonia is huge as decarbonization strategies are being implemented to reduce the emission of greenhouse gases from fossil fuels.

“The investment from Carlyle and GIC will enable Eneus to continue to develop its pipeline of projects globally, starting with the US and UK. It’s a privilege to partner with these global institutions who are deeply committed to supporting renewable energy solutions.”