https://arab.news/zhp78
RIYADH: UAE’s Brooge Energy has announced its debut in the renewable energy sector, as it launched a new, wholly owned, subsidiary Brooge Renewable Energy Ltd., according to a statement.
The report states that the New York stock exchange-listed firm is planning to build a green energy and green ammonia plant in the Khalifa Industrial Zone, also known as Kizad in Abu Dhabi.
Upon completion, the plant is expected to produce 300,000 metric tons of green ammonia annually.
The report further stated that Brooge has signed an agreement with Kizad for a 150,000 sq. m plot, where the plant will be constructed.
“This new facility is a significant milestone for the company’s clean energy strategy. We are entering into this market segment that has excellent growth potential,” said Nicolaas Paardenkooper, CEO of Brooge Energy.