The Global blue ammonia market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period (2023-2030). Owing to its minimal carbon emissions and many applications, blue ammonia is gaining traction of many investors as a potential clean energy carrier and fuel source for future. Some of the key factors driving the market growth includes-
Investments
In February 2023, Copenhagen Infrastructure Partners (CIP) has teamed up with Sustainable Fuels Group (SFG) acquired a majority stake in a blue ammonia project. The project is situated on the Gulf Coast and has signed a contract with International-Matex Tank Terminals (IMTT) for ammonia storage and handling services. CIP's Energy Transition Fund (CI ETF I) finance the project, which is projected to produce 4,000 tons of blue ammonia every day. The facility have an annual production capacity of 3 million tons. The financial details of the deal have not been disclosed publicly yet.
Browse the full report description of “Blue Ammonia Market Size, Share & Trends Analysis Report Market by Technology (Steam Methane Reforming, Autothermal Reforming, and Gas Partial Oxidation), by Application (Heavy Road Transport, Power Industrial Heating, and Industrial Feedstock), and by End-User Industry (Agriculture, Textiles, Mining, Pharmaceutical, Refrigeration, and Other End-User Industries) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/blue-ammonia-market
Agreements
In March 2023, Yara Clean Ammonia (Yara), a subsidiary of Yara International ASA, and Enbridge Inc. signed a letter of intent to collaboratively develop and build a large-scale low-carbon blue ammonia production plant as equal partners. The proposed facility, which will employ autothermal reforming with carbon capture, will be situated at the Enbridge Ingleside Energy Center near Corpus Christi, Texas.
Technological Advancements
SynCOR Ammonia™
SynCOR Ammonia™ gives plant owners breakthrough options for profitable expansion and provides new investors with an opportunity to enter the market with a sharp competitive edge. SynCOR Ammonia™ leads the industry in efficiency, safety, reliability, and cost-effectiveness. And the lowest OPEX and highest carbon capture capabilities currently on the market.
H2Retake™ ammonia
The H2Retake™ cracking solution boasts market-leading conversion efficiency. Delivering significant commercial value and ensuring producers can supply low-carbon energy at volume. Introducing minimal risk for maximum profitability.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Application
o By Technology
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Air Liquide S.A., Saudi Arabian Oil Co., Yara International ASA, TechnipFMC plc, and CF Industries Holdings, Inc. among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Blue Ammonia Market Report Segment
By Technology
By Application
By End-User Industry
Global Blue Ammonia Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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