Denmark's Topsoe terminates First Ammonia deal amid delays

Topsoe and First Ammonia have worked together since 2022. In 2024, the companies signed supply and service agreements for 100 MW of SOEC electrolyzer modules to be installed in First Ammonia’s green ammonia project at Port of Victoria, Texas.

 

Topsoe has terminated its supply and service agreements with First Ammonia after after missed project milestones for the 100 MW SOEC electrolyser project in Texas. The termination was triggered automatically under contract terms. Topsoe will now review its clean hydrogen commercialisation roadmap, while continuing its offtake agreement with Forestal.

The supply agreements contained key milestones by which certain steps were required to be taken. Despite multiple extensions at the request of First Ammonia to one of the key project milestones, First Ammonia have failed to take the steps required by the deadline.Topsoe was not able to extend the deadline for First Ammonia to meet key milestones for the project any further. The result of this is that the supply agreements have automatically terminated.

 

Topsoe has terminated its supply and service agreements with First Ammonia after after missed project milestones for the 100 MW SOEC electrolyser project in Texas. The termination was triggered automatically under contract terms. Topsoe will now review its clean hydrogen commercialisation roadmap, while continuing its offtake agreement with Forestal.

Topsoe has a 50 MW offtake agreement with Forestal and remains committed to its contractual obligations with them.

 

Topsoe has terminated its supply and service agreements with First Ammonia after after missed project milestones for the 100 MW SOEC electrolyser project in Texas. The termination was triggered automatically under contract terms. Topsoe will now review its clean hydrogen commercialisation roadmap, while continuing its offtake agreement with Forestal.

In the context of the market outlook for clean hydrogen Topsoe will assess the path for industrial scale commercialization of our SOEC technology in a Strategic Roadmap Review. The review is expected to be completed by end of Q2 2026.

 

Topsoe has terminated its supply and service agreements with First Ammonia after after missed project milestones for the 100 MW SOEC electrolyser project in Texas. The termination was triggered automatically under contract terms. Topsoe will now review its clean hydrogen commercialisation roadmap, while continuing its offtake agreement with Forestal.

Elena Scaltritti, CEO of Topsoe, says, “We have worked closely with First Ammonia since 2022 on advancing a nascent clean hydrogen industry. During that time Topsoe has matured our leading SOEC technology and made it ready for industrial scale commercialisation. However, we were not able to extend the deadline for First Ammonia to meet key milestones for the project any further.”

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