Europe's Top LNG Plant Operator Wants to Move Into Ammonia, CO2 [BNN Bloomberg (Canada)]
ENAGAS SA UNSP/ADR (ENGGY)
NASDAQ:AMEX Investor Relations:
enagas.es
Company Research
Source: BNN Bloomberg
gradually diversify away from natural gas distribution and into markets that will gain importance with the energy transition. “We intend to include in our strategic update, which will be presented within this year, our participation in the CO2 and ammonia businesses from the infrastructure point of view,” Chief Executive Officer Arturo Gonzalo said in an interview in Madrid. The move is part of the Spanish company's effort to capitalize on its large gas infrastructure to create new sources of income linked to clean energy and carbon-emissions reduction, as profits from its regulated assets ebb. The race to slow down climate change will increase the need to transport CO2 for permanent sequestration in geological formations, while ammonia is used to transport hydrogen. “We think there's going to be an infrastructure side to these businesses. You're going to need hardware, loading facilities, tanks,” said Gonzalo. “All of that can be provided by Enagas in the most competitive way.”
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- Europe's Top LNG Plant Operator Wants to Move Into Ammonia, CO2 [Financial Post (Toronto, Ontario, Canada)]Financial Post
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