Brooge Energy Enters Renewable Energy Sector

Published on: 01 July 2022
by KnowESG
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According to a statement, UAE-based Brooge Energy has announced its entry into the renewable energy industry with the formation of a new, wholly-owned subsidiary, Brooge Renewable Energy Ltd.

According to the report, the company listed on the New York Stock Exchange intends to construct green energy and a green ammonia factory in Abu Dhabi's Khalifa Industrial Zone, better known as Kizad.

The plant is anticipated to produce 300,000 metric tonnes of green ammonia a year once completed.

The report said Brooge signed a contract with Kizad for a 150,000-square-meter plot of land where the plant would be constructed.

Nicolaas Paardenkooper, CEO of Brooge Energy, said:

"This new facility is a significant milestone for the company’s clean energy strategy. We are entering into this market segment that has excellent growth potential."

Source: Arab News

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