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.



GCC Worker Remittances to Foreign Destinations Reach $131.5 Billion

The volume of workers' remittances from GCC countries is the highest globally. Asharq Al-Awsat
The volume of workers' remittances from GCC countries is the highest globally. Asharq Al-Awsat
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GCC Worker Remittances to Foreign Destinations Reach $131.5 Billion

The volume of workers' remittances from GCC countries is the highest globally. Asharq Al-Awsat
The volume of workers' remittances from GCC countries is the highest globally. Asharq Al-Awsat

The total remittances of workers in the Gulf Cooperation Council (GCC) countries to foreign destinations amounted to $131.5 billion by the end of 2023, according to the latest data released by the GCC Statistical Center.

The volume of workers' remittances from GCC countries is the highest globally, followed by remittances from the United States

The center's report indicated that this marked a decrease by approximately $0.5 billion compared to 2022, a 0.4 percent decline. This comes after significant increases recorded in 2021 and 2022, which saw growth rates of 9.2 percent and 3.8 percent, respectively.

The share of these remittances as a percentage of the GCC's Gross Domestic Product (GDP), at current prices, declined from 8.1 percent in 2020 to six percent in 2022, before experiencing a slight increase in 2023, settling at 6.2 percent.