Texas Green Energy
Texas Green Energy LLC is an investment in Milwood Hydrogen. Milwood Hydrogen has set out to build the world’s first green hydrogen and ammonia production facilities in partnership with several of the largest energy and chemical producers globally. With sites in Corpus Christi, Texas, as well as southern Illinois already controlled and fully entitled, Milwood has positioned itself with a first-mover advantage on an international scale. Utilizing renewable power to produce and provide clean energy, fertilizer and fuels to the world’s agriculture, industrial, logistics and transportation industries, Milwood will launch parallel business ventures simultaneously to achieve its goals, one in the production of green hydrogen and the second in the production of green ammonia.
There has been an initiative to move towards green energy products to benefit both the environment as well as addressing compliance with worldwide governmental regulations. Green hydrogen and ammonia represent a transformational shift from their grey counterparts, which are derived from polluting fossil fuels. As countries worldwide commit to reducing greenhouse gas emissions, demand for these cleaner alternatives is skyrocketing.
Furthermore, green hydrogen has versatile applications in addition to ammonia production, such as fueling transportation and providing energy storage. Green ammonia can also be used as a carbon-free fuel, which several major airlines are currently exploring as a viable jet fuel in addition to fuel for cargo ships. Based on these exciting potential uses of ammonia, future demand could mean nearly 7x growth. As many heavy industrial processes which are currently using coal and/or natural gas can easily be converted to run off hydrogen. Milwood Hydrogen aims to build green ammonia and green hydrogen facilities where there is abundant, and low-priced, renewable energy, such as wind and solar, in addition to where there are major ports and fertilizer production facilities. Their principal project, located in Corpus Christi, Texas, will use renewable power from existing wind farms to produce green ammonia, to be loaded onto ships at the Corpus Christi port and sent via the Mississippi River where it will be distributed to fertilizer plants or directly to farms to be used as fertilizer itself.
This property was purchased in September 2023