Dublin, Oct. 02, 2023 (GLOBE NEWSWIRE) — The “The Global Market for Green Ammonia 2024-2034” report has been added to ResearchAndMarkets.com’s offering.
Diving deep into the intricacies of green ammonia production pathways and technologies, this report shines a spotlight on the transformative potential of renewable fuels.
With a meticulous review of the evolving regulatory and policy mechanisms, we capture the essence of what’s propelling the ascendancy of renewable ammonia. Green ammonia, with its multifaceted benefits, stands out as a game-changer in the renewable fuel arena, poised for unprecedented growth in the coming decade, especially as decarbonization becomes imperative and costs diminish.
The past year has witnessed a notable uptick in green ammonia initiatives, both existing and in the pipeline, testament to the growing corporate investment in renewable hydrogen and ammonia synthesis.
Fostering innovation, coupled with harmonized policy and investment strategies, positons green ammonia to be a cornerstone in sculpting a carbon-neutral energy landscape.
Concluding our findings, we present an in-depth evaluation of both current and forecasted production costs of green ammonia, granting stakeholders a lucid understanding of its economic promise.
Applications and markets for green ammonia include:
As a net-zero fuel for the maritime shipping industry.
Carbon-free feedstock for fertilizer production. Converting to green ammonia feedstock reduces emissions from agricultural production.
Enabling renewable power generation in remote islands and off-grid locations as a sustainable alternative to diesel fuel.
As a hydrogen vector to store intermittent renewable energy from wind and solar projects and transport it over long distances.
Direct use in fuel cells for heavy-duty transportation applications including trucks, trains, and marine vessels.
As a substitute for coal and natural gas to provide electricity and district heating while eliminating fossl fuel emissions.
An additive to reduce nitrogen oxide (NOx) emissions from coal-fired power plants and improve combustion efficiency.