CnC Celsia GH

active

This IFC Upstream project entails US$990k of cost-sharing funding support for Celsia Colombia S.A. to develop feasibility technical studies for green hydrogen ammonia and urea production facility in Colombia's Valle del Cauca region. The Project will generate 140 TPD (51,100 TPY) of green urea to be sold directly to plantations in the region adjacent to the plant. IFC Upstream support will be of great value for Celsia Colombia S.A. in de-risking the Project's development on a new business model and market, thus maximizing chances of reaching financial closure. Moreover, conducting jointly these feasibility studies before the EPC tendering would allow Celsia Colombia S.A. to control better the Project's capital costs, which relate to the off-taker affordability, competitiveness, and feasibility.