Qatar Says it Will Build World's Biggest Blue Ammonia Plant

Energy Minister Saad al-Kaabi said the plant would cost $1.2 billion. QNA
Energy Minister Saad al-Kaabi said the plant would cost $1.2 billion. QNA
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Qatar Says it Will Build World's Biggest Blue Ammonia Plant

Energy Minister Saad al-Kaabi said the plant would cost $1.2 billion. QNA
Energy Minister Saad al-Kaabi said the plant would cost $1.2 billion. QNA

Qatar announced Wednesday that it will build the world's biggest plant making blue ammonia -- one of the new fuels being touted as a cleaner energy source.

Energy Minister Saad al-Kaabi said the plant would cost $1.2 billion and start production in early 2026.

State-owned Qatar Energy, a firm that is making huge profits from liquefied natural gas, said the plant would produce 1.2 million tons of ammonia a year "making it the world's largest such facility".

"We see increasing interest in using ammonia as fuel, driven by the need to reduce CO2 emissions in the energy ecosystem," said al-Kaabi, who is also Qatar Energy's CEO.

"Potential customers have expressed a desire for low-carbon fuels -- including blue ammonia -- and we have reacted in a pragmatic and meaningful manner and with scale," he added, according to AFP.

Ammonia is already a huge part of the global fertilizer industry. CO2 is captured and stored as part of the production of blue ammonia.

The foul-smelling chemical is being touted by gas-producing nations such as Qatar as an alternative to hydrogen. Due to its high hydrogen content, it can also be used to store or transport the chemical.

Japan is already looking into using ammonia to power former coal fired electricity generators.



Peru's Economy Grows 4.07% Year-on-year in January

A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. REUTERS/Mariana Bazo/File Photo
A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. REUTERS/Mariana Bazo/File Photo
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Peru's Economy Grows 4.07% Year-on-year in January

A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. REUTERS/Mariana Bazo/File Photo
A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. REUTERS/Mariana Bazo/File Photo

Peru's economy grew 4.07% in the first month of 2025, data from the nation's INEI statistics agency showed on Saturday, in line with central bank and analysts' forecasts, as nearly all sectors logged growth with the exception of the financial sector.

The January data landed a touch above the 4% estimate of analysts polled by Reuters, but below the 4.85% recorded in last month of last year.

The Andean nation's key mining and energy sector advanced 1.4%, while farming and the smaller fishing sector advanced 3.2% and 23.5% respectively.

Manufacturing industry expanded by 5.5% and transportation up 7.9%, while public administration and defense and construction both logged growth of over 4%.

The financial sector contracted 0.35% as commercial banks issued fewer loans.

In a call on Friday, the top economist at Peru's central bank had said that economic activity was developing better than expected, as the economy bounced back from a recession it entered in 2023.

The bank predicted a limited impact from US tariffs, saying Peru's agricultural produce complemented North American supplies when they are not able to produce locally for seasonal reasons, and copper exports can be sold to many other markets.

Late last month, Peru's economy minister predicted the economy would expand 4% this year - up from 3.3% growth in 2024 and a 0.4% contraction a year earlier - ranking it among the fastest-growing economies in Latin America.