REGISTRATION
27 Old Gloucester Street
London WC1N 3AX
UNITED KINGDOM
(Company number 14929369)
LONDON OFFICE
50 Grosvenor Hill
London W1K 3QT
UNITED KINGDOM
Ammonia, an important feedstock to our economy as it is the 2nd most produced chemical by mass, after sulphuric acid and 1 of the seven basic chemicals that are used to produce all other chemical products. Ammonia’s importance further rises as 80% of today's ammonia is used to produce fertilizers, making it essential for food security.
But unfortunately, it is an industry entirely dependent on fossil fuels with almost 100% is produced from natural gas or coal leading to 20% of all chemical industry GHG emissions and extremely volatile prices. And hence the arises a need to decarbonise it as ammonia can be produced through renewable energy-derived hydrogen.
Besides its usage in fertilizers and chemicals, green ammonia can also serve as a clean fuel for the marine industry and power generation and as a hydrogen carrier. Green ammonia is starting to become reality 2 large-scale green ammonia projects have already achieved financial close with USD 6.5bn debt financing raised.
But full decarbonisation is challenging and will require governmental support as 2x the renewable energy capacity addition globally in 2022 would be required.
Here's our analysis at Yamna!

Here are some publications that may interest you

EU publishes terms and conditions for the second round of renewable hydrogen auction

The terms and conditions for the European Hydrogen Bank's second renewable hydrogen auction have been published. Scheduled for later this…

Read more
Ammonia Cracking as the missing link between hydrogen export hubs and European consumers

As European industrials strive to meet the RED III Industry target, which requires 42.5% (or 1.6 million tonnes) of hydrogen…

Read more
Maximising Domestic Value Creation in H2 Exporting Countries
Maximising Domestic Value Creation in H2 Exporting Countries

At Yamna, we believe that hydrogen exporting countries need to get their fair share of the global H2 economy. This…

Read more
Green Ammonia for co-firing in power plants; A promising use case to decarbonise power generation

Thermal generation is the largest source of power and heat today with around 60% of the energy mix dominated by…

Read more
Norway: A prospective world leader for Green products export

With EU target to import 10 million tons of hydrogen by 2030, there arises the question of who is set…

Read more
The Green Steel case: The challenge of DRI grade iron ore and potential stranded assets

With the increase in importance due to potential costs and the induction of Carbon Border Adjustment Mechanism (CBAM) to ramp…

Read more