Dublin, Aug. 08, 2023 (GLOBE NEWSWIRE) — The “Europe Green Ammonia Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Production Method, By End Use, By Region and Competition” report has been added to ResearchAndMarkets.com’s offering.
Europe Green Ammonia market is anticipated to grow appreciably to 2028
The European ammonia sector plays a crucial role in ensuring food security by utilizing nearly 10 billion cubic meters of natural gas annually as a feedstock to produce fertilizers.
However, with the growing emphasis on sustainability and reducing carbon emissions, the emergence of green ammonia presents a transformative solution for the energy and agriculture industries. Green ammonia, produced through electrolysis using renewable electricity, offers a clean and efficient energy source that aligns with the European Union’s ambitious targets for increased adoption.
Unlike conventional ammonia, green ammonia is free from carbon dioxide emissins, making it an eco-friendly fuel for transportation and electricity generation. Additionally, its role as a nitrogen-rich fertilizer offers a greener alternative to conventional fertilizers, benefiting agricultural practices while minimizing environmental impact.
With easy transportation and storage, the green ammonia market is set to flourish in the coming years, shaping a sustainable future for Europe’s energy and agriculture sectors.
Growing technological Efforts to lessen Climate Change Effects are Market Driving factors
Climate change is one of the most significant challenges facing the world today, and Europe has been a leader in addressing this challenge by setting ambitious climate targets and promoting the development of clean energy technologies such as green ammonia. Green ammonia is used in different technology for the processing or production of fuels and products.
During production, green ammonia emits no carbon dioxide, unlike conventional ammonia production, whichis responsible for significant greenhouse gas emissions. By replacing conventional ammonia with green ammonia, Europe can significantly reduce its carbon footprint and help combat climate change.