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Multi-Billion
Dollar Clean Ammonia Manufacturing Investment Advancing in Southern WV
– CNX Resources Corporation
April
3rd, 2023
Adams Fork Energy plant to be the largest clean ammonia facility in U.S and
an anchor project in ARCH2 Hydrogen Hub application
MINGO COUNTY, W.Va., April
3, 2023 /PRNewswire/ -- A
multi-billion-dollar clean ammonia production facility is advancing in Mingo
County, WV, with anticipated construction beginning in
2024, Adams Fork Energy, LLC, CNX Resources Corp. (NYSE: CNX), and
other partners announced today.
The Adams
Fork Energy clean ammonia project, jointly
developed by Adams Fork Energy, LLC and the Flandreau Santee Sioux
Tribe, is expected to have initial annual ammonia production capacity
of 2,160,000 metric tons, with optional additional production
capacity. Project developers have entered into a strategic partnership
with CNX, one of the lowest carbon intensive natural gas producers in
the lowest emissions basin in the
United States, to provide fuel and carbon sequestration
services.
The project is expected to support 2,000 well-paying
construction jobs, including pipefitters and electrical workers, as
well as generate significant tax revenues and capital investment for
underserved Mingo
County in Southern
West Virginia. The planned facility is also located on a
reclaimed coal mining site near Gilbert
Creek, WV, further aligning the project with the White
House's Justice40
Initiative.
Adams Fork is an anchor project in the Appalachian
Regional Clean Hydrogen Hub's (ARCH2)
application to the U.S. Department
of Energy. ARCH2 is a regional hub bringing together private industry,
state and local government, academic and technology institutions,
NGOs, and community organizations across the Northern Appalachian
region including West Virginia,
Ohio, Pennsylvania,
and Kentucky.
The region is the ideal location for a clean hydrogen hub due to its
unique access to ample low-cost natural gas feedstock, end-user
demand, workforce and technology capability, and carbon sequestration
potential.
"The Inflation Reduction Act and Bipartisan
Infrastructure Law continue to deliver for West Virginia. Today's
announcement of plans for a clean ammonia production facility in Mingo
County will help ensure the Mountain State continues to be
a leader in American energy innovation and support good paying, West
Virginia energy jobs. This project, planned for a reclaimed
coal mining site near Gilbert
Creek, honors our legacy as America's energy powerhouse
while keeping an eye on the future as we work to bring an Appalachian
Regional Clean Hydrogen Hub to West
Virginia. I applaud the cooperation it took to bring this
project to Mingo
County and look forward to seeing the benefits it brings to
the community, economy, and our energy security," said Senator
Joe Manchin (D-WV).
"Since I've been Governor, it has been my top priority
to ensure Southern
West Virginia has the resources to grow economically, and
that is why this announcement brings me so much joy," West
Virginia Governor Jim Justice said.
"I'm incredibly proud that the Adams Fork Energy plant will become the
largest clean ammonia facility in the country. I'm confident they will
be a champion in this emerging field and help our Southern
West Virginia communities flourish for decades to come.
It's a testament to the great things that can be accomplished when we
all work together to build a brighter future for all West Virginians,
while never forgetting our hard-working coal miners and the hard work
they do every day."
Adams Fork has received significant federal, state, and local
bipartisan support, and is expected to displace more than 2.7 million
metric tons per year of CO2 equivalent or more than 580,000
gasoline-powered passenger vehicles driven annually.
"Adams Fork Energy is a transformational manufacturing
investment for Southern
West Virginia," said Francis
Sacr, Special Advisor to the President of Adams Fork Energy. "Thanks
to leadership in Washington through
the Bipartisan Infrastructure Law and the Inflation Reduction Act,
we're excited to advance our clean ammonia production facility that
will create family-sustaining local jobs while boosting available
supply of clean ammonia, a critical component to sustainable food
production and achieving a lower-carbon energy future."
By sourcing local low carbon intensity Appalachian natural gas as
feedstock and installing carbon capture technology, Adams Fork Energy
will have an ultra-low carbon intensity profile.
CNX President and CEO Nick Deiuliis said,
"This project is accelerating America's lower carbon energy and
manufacturing future in the heart of Appalachia. Similar to our other
regional projects, CNX's unique combination of assets, innovative
technologies, and proven operational expertise make us the premier
energy and tech company driving the Basin's lower emission future.
We're excited to work alongside these like-minded partners to advance
shared goals of improving lives in local communities, generating
clean, Appalachian-sourced energy, all while forging a stronger, more
sustainable Appalachian region for all its citizens."
Ammonia has been identified as one of the most efficient hydrogen
carriers and also results in zero carbon emissions when combusted. It
is primarily used in agriculture as a fertilizer, but other
applications include heating and power generation, refrigerant, water
purification, and in manufacturing plastics, textiles, and pesticides.
President Anthony Reider of the Flandreau Santee Sioux
Tribe stated, "The advancement of this
project benefits the tribe economically, and the use of innovative
technology presents a viable source of domestic energy independence
for the
United States. The Flandreau Santee Sioux Tribe is excited
about this project and is confident that it will be a huge component
of the clean energy economy. Our participation will present unique
opportunities for federal funding for the project and the Tribe will
benefit from educational opportunities afforded by the project's
sponsors to our Tribal members."
With a business model covering the full value chain, progressing
toward solutions to support decarbonization efforts, Haldor Topsoe
will furnish clean ammonia production technology for the
state-of-the-art Adams Fork facility.
Henrik Rasmussen, Managing Director, the Americas,
for Haldor Topsoe Inc. said, "We are excited
that TransGas has selected Topsoe's industry leading SynCOR™ clean
ammonia technology for this mega scale blue ammonia plant in West
Virginia. This project will be an important part of the
energy transition with a CO2 capture of more than 99%. The plant will
produce 6,000 Metric tons per day of decarbonized clean ammonia in the
first phase."
About Adams Fork Energy
Adams Fork Energy, LLC was founded in 2010
to convert stranded American fossil fuels into useable chemicals. To
that end, in 2010, Adams Fork Energy received a Minor Source Permit
from the State of West Virginia Department of Environmental Protection
for the conversion of 7500 tons of coal into 18,000 barrels per day of
sulfur free, high-octane gasoline. Shortly thereafter, two similar
permits were obtained from the State
of Kentucky's Department of Environmental Protection. In
2022, Adams Fork Energy partnered with the Flandreau Santee Sioux
Tribe to develop these projects. The Flandreau Santee Sioux Tribe has
been a leader of all Native American Tribes in helping to ensure
American energy security as well as keeping our air and water clean
and pristine.
About Haldor Topsoe
Haldor Topsoe, founded in 1940 and based in
Lyngby, Denmark,
is the world's leading licensor of Ammonia, Hydrogen, and renewable
fuels technologies.
About CNX Resources
CNX Resources Corporation (NYSE: CNX) is
unique. We are a premier, ultra-low carbon intensive natural gas
development, production, midstream, and technology company centered in
Appalachia, one of the most energy abundant regions in the world. With
the benefit of a 159-year regional legacy, substantial asset base,
leading core operational competencies, technology development and
innovation, and astute capital allocation methodologies, we
responsibly develop our resources and deploy free cash flow to create
long-term per share value for our shareholders, employees, and the
communities where we operate.
As of December 31, 2022, CNX had 9.81 trillion cubic
feet equivalent of proved natural gas reserves. The company is a
member of the Standard & Poor's Midcap 400 Index. Additional
information is available at www.cnx.com.
Cautionary Statements
We are including the following cautionary
statement in this press release to make applicable and take advantage
of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and any other protections afforded under applicable
federal securities laws for any forward-looking statements made by, or
on behalf of us.
With the exception of historical matters, the matters discussed in
this press release are forward-looking statements (as defined in 21E
of the Securities Exchange Act of 1934 (the "Exchange Act")) that
involve risks and uncertainties that could cause actual results to
differ materially from projected results. Accordingly, investors
should not place undue reliance on forward-looking statements as a
prediction of actual results. These forward-looking statements may
include projections and estimates concerning the timing and success of
specific projects and our future production, revenues, income, and
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"may," "should," "anticipate," "could," "estimate," "plan," "predict,"
"project," "will," or their negatives, or other similar expressions,
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date of this press release; we disclaim any obligation to update these
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current expectations and assumptions about future events. While our
management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
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uncertainties, most of which are difficult to predict and many of
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actual results to differ materially from the forward-looking
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the year ended December 31, 2022 filed with the Securities and
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Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
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