Green Ammonia Market Size to Expand by 20 percentage from 2024 to 2030

The 𝐆𝐫𝐞𝐞𝐧 𝐀𝐦𝐦𝐨𝐧𝐢𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 size by Volume was valued at 2.01 Million Tonnes. in 2023 and is expected to grow by 20% from 2024 to 2030, reaching nearly 7.22 Million Tonnes.

𝐆𝐫𝐞𝐞𝐧 𝐀𝐦𝐦𝐨𝐧𝐢𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Green ammonia is emerging as a sustainable alternative to traditional ammonia, with its production process powered by renewable energy. As the global demand for carbon-neutral solutions grows, green ammonia presents an attractive opportunity across multiple sectors. Produced by water electrolysis powered by renewable energy, green ammonia offers a sustainable way to absorb, store, and transport hydrogen, which can be used for emission-free fuel cells and turbines. The growing need for carbon-free energy solutions and the significant decline in renewable energy costs have boosted the interest in green ammonia as a key energy carrier for various applications, particularly in agriculture and industry. The rising number of green hydrogen projects worldwide is expected to increase the demand for green ammonia, as hydrogen-based economies gain momentum.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/115753/

𝐆𝐫𝐞𝐞𝐧 𝐀𝐦𝐦𝐨𝐧𝐢𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The green ammonia market is witnessing a surge in investments as governments and corporations across the world prioritize sustainability and renewable energy solutions. With the shift toward hydrogen-powered economies, green ammonia production is gaining traction due to its ability to act as an efficient hydrogen carrier and storage medium. Leading companies are investing in ammonia production systems that utilize renewable energy sources such as wind and solar to eliminate the carbon emissions traditionally associated with ammonia manufacturing. This trend is further bolstered by the increasing demand for zero-carbon solutions in agriculture, industry, and energy sectors, with green ammonia offering a versatile solution for various applications.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐫𝐞𝐞𝐧 𝐀𝐦𝐦𝐨𝐧𝐢𝐚 𝐌𝐚𝐫𝐤𝐞𝐭:

The growing global demand for sustainable agricultural practices is one of the primary drivers of the green ammonia market. As soil quality declines due to the overuse of chemical fertilizers, the shift toward organic and environmentally friendly fertilizers, such as green ammonia, is gaining momentum. This change is driven by the increasing need for fertilizers that do not harm the environment, particularly in terms of reducing carbon emissions and other pollutants. Agrochemical companies are under pressure to adopt green alternatives to traditional fertilizers, leading to a rise in green ammonia production. This trend is expected to continue, with green ammonia playing a central role in meeting the demand for sustainable fertilizers in agriculture.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/115753/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐫𝐞𝐞𝐧 𝐀𝐦𝐦𝐨𝐧𝐢𝐚 𝐌𝐚𝐫𝐤𝐞𝐭

Recent strategic partnerships and acquisitions have underscored the industry's commitment to expanding green ammonia production and utilization:

Mitsubishi Corporation: In September 2024, Mitsubishi announced a preliminary agreement to acquire a stake in ExxonMobil's hydrogen facility in Texas. This facility is expected to produce up to 1 billion cubic feet per day of hydrogen, with around 98% CO₂ removal, and more than 1 million tons of low-carbon ammonia annually. Mitsubishi plans to collaborate with Idemitsu Kosan for joint equity and ammonia offtake to be used in Japan for various industrial applications.

Woodside Energy: In July 2024, Australia's Woodside Energy agreed to acquire a low-carbon ammonia production facility in Texas from OCI Global for $2.35 billion. The facility, set to produce 1.1 million tonnes of blue ammonia annually, aligns with Woodside's strategy to enhance its presence in the lower emission fuels market.

Mitsui & Co: In June 2024, Mitsui & Co began constructing an ammonia plant in Al Ruwais, UAE, in collaboration with partners including ADNOC's subsidiary TA'ZIZ, Fertiglobe, and South Korea's GS Energy. The plant aims to produce one million metric tons of low-CO₂ ammonia annually, with production expected to start in 2027.

TotalEnergies: In October 2024, TotalEnergies announced plans to explore a renewable energy project in Morocco to produce hydrogen and ammonia for export to Europe. The project, part of a 10 billion euro bilateral deal, aims to generate 1 gigawatt of energy from wind and solar farms, producing 200,000 metric tons of ammonia annually from desalinated seawater.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐛𝐲 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Several key players in the green ammonia market have made notable advancements:

Yara International: The CEO of Yara International, Svein Tore Holsether, emphasized the urgency for Europe to adopt low-carbon solutions in agriculture to meet emission targets. Yara is investing in green hydrogen and ammonia production, including partnerships and new plants, to reduce the carbon footprint of fertilizers.

Iberdrola: Iberdrola has initiated multiple green hydrogen projects across various countries, including Spain, the UK, Australia, Brazil, Portugal, the US, and Mexico. Notably, in Spain, Iberdrola operates the largest plant producing green hydrogen for industrial use in Europe, with a production capacity of more than 200,000 tonnes per year.

Vopak: Vopak, a global tank storage operator, has allocated $1 billion for energy transition projects to be completed by 2030. The company is focusing on infrastructure projects related to biofuels, hydrogen, carbon dioxide supply chains, and battery storage, aiming to increase its presence in biofuels by converting existing storage tanks and utilizing biofuels in several global locations.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/115753/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐫𝐞𝐞𝐧 𝐀𝐦𝐦𝐨𝐧𝐢𝐚 𝐌𝐚𝐫𝐤𝐞𝐭:

by Technology

Alkaline Water Electrolysis (AWE)
Proton Exchange Membrane (PEM)
Solid Oxide Electrolysis (SOE)

by End User

Transportation
Power Generation
Industrial Feedstock
Others

by Sales Channel

Direct Sale
Indirect Sale

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐆𝐫𝐞𝐞𝐧 𝐀𝐦𝐦𝐨𝐧𝐢𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. Enapter GmbH
2. Green Hydrogen Systems
3. Haldor Topsoe A/S
4. Hiringa Energy Ltd.
5. Hydrogenics (Cummins Inc.)
6. ITM Power Plc
7. Man Energy Solutions SE
8. MCPHY Energy SAS
9. Nel Hydrogen AS
10. Queensland Nitrates Pty Ltd.
11. Siemens AG
12. Thyssenkrupp Industrial Solutions AG
13. Uniper SE
14. Yara International ASA
15. Proton Ventures BV

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/global-green-ammonia-market/115753/

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Lucrative business opportunities with SWOT analysis
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