Press release
Global Green ammonia Market Size, Growth Analysis Report, Forecast to 2021-2027
The global green ammonia market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2021-2027). Ammonia has nine times the energy density of Li-ion batteries, and three times that of compressed hydrogen, creating potential as a carbon-free energy carrier. Although, the ammonia as a fertilizer has a well-established market; the market for green ammonia is still on its traction to grow across the globe. The green ammonia offers several benefits as a power generation source and transportation fuel; therefore, key players of the market are investing in the green ammonia projects to exploit the actual potential of the green ammonia market.(Get 15% Discount on Buying this Report)
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For instance, in March 2021, Haldor Topsoe announced to develop green ammonia for marine fuel in Germany. The project is leded by Aquamarine Investment Partners and manager of private capital. They signed an MoU with the Danish company Haldor Topsoe, which is working on several projects to produce green hydrogen, green ammonia, eMethanol, and green fuels. The plant is expected to developin multiple stages using Topsoe’s proprietary solid oxide electrolyzer cells (SOEC) to produce green hydrogen from 100 megawatts of renewable electricity. The hydrogen will be further processed using Topsoe technology to produce 300 tons/day of green ammonia. The ammonia can then be used as a green marine fuel or as fertilizer. The plant is expected to be operational by 2024.
A Full Report of Global Green ammonia Market is Available at: https://www.omrglobal.com/industry-reports/green-ammonia-market
Global Green ammonia Market Report Segment
By Technology
Alkaline Water Electrolysis (AWE)
Proton Exchange Membrane (PEM)
Solid Oxide Electrolysis (SOE)
By Application
Transportation Fuel
Power Generation and Energy Storage
Fertilizer
Other (Textile & Pharmaceuticals, Explosives, Refrigeration & Heat Transfer Application)
Global Green 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
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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