The Global Market for Green Ammonia 2024-2034 - Nanotech Magazine The Global Market for Green Ammonia 2024-2034

Green ammonia market, renewable ammonia, green ammonia production, applications, companies, green ammonia projects

Published August 2023 | 115 pages, 21 tables, 14 figures | Download Table of contents

The Rising Promise of Green Ammonia: Market Outlook and Growth Opportunities

Green ammonia is emerging as a versatile renewable fuel option to enable the global energy transition. With falling production costs and mounting decarbonization pressures, the green ammonia market could see exponential growth over the next decade.

Green ammonia has diverse applications across transportation, power generation, agriculture, and industrial sectors that can help slash emissions. Key markets include:

Carbon-free marine fuel
Fertilizer feedstock to cut agricultural emissions
Off-grid power generation
Hydrogen carrier for renewable energy storage and transport
Fuel cells for heavy-duty vehicles like trucks, ships, and trains
Coal power plant NOx emissions reduction and efficiency improvement

This market report provides:

Analysis of green ammonia production pathways and technologies
Policy and regulatory landscape
Green ammonia cost analysis
Drivers, challenges, and recent industry developments
Profiles of major global projects
SWOT analysis
Market size estimates and forecasts to 2040 by segment and region
Company profiles for 34 players across the value chain. Companies profiled include Engie, EverWind Fuels, Fuella, FuelPositive Corp., Green NortH2 Energy, Iberdrola, Jupiter Ionics, NEOM Green Hydrogen Company, SK Ecoplant Co., Sumitomo, and Yara.

With sustained innovation, supportive policies, and strategic investment, green ammonia can make substantial contributions in building a net-zero global energy system.

1 RESEARCH METHODOLOGY 8

2 GREEN AMMONIA OVERVIEW 9

2.1 Production 11
- 2.1.1 Current global ammonia production 11
- 2.1.2 Overview of renewable hydrogen and nitrogen production 12
- 2.1.3 Sustainable ammonia production 13
- 2.1.4 Decarbonisation of ammonia production 16
2.2 Properties and applications 19
2.3 Benefits over conventional ammonia 20

3 GREEN AMMONIA SYNTHESIS METHODS 21

3.1 Analysis of production technologies 21
3.2 Renewable Hydrogen Production 22
- 3.2.1 Water Electrolysis 22
- 3.2.2 Ammonia synthesis 24
  - 3.2.2.1 Haber-Bosch process 24
  - 3.2.2.2 Biological nitrogen fixation 25
  - 3.2.2.3 Electrochemical production 25
  - 3.2.2.4 Chemical looping processes 26
3.3 Retrofitting Existing Plants 26
3.4 Small-Scale Modular Systems 27
3.5 Blue ammonia 28
- 3.5.1 Blue ammonia projects 30

4 GLOBAL GREEN AMMONIA MARKET 31

4.1 Market growth drivers 31
4.2 Market challenges 32
4.3 Regulatory landscape and policy support 35
4.4 Recent industry news and developments 36
4.5 Green ammonia projects, current and planned 39
4.6 SWOT analysis 42
4.7 Fuel cells 43
4.8 Transportation fuel (shipping) 46
4.9 Fertilizers 50
4.10 Sustainable feedstock 52
4.11 Energy storage 54
4.12 Other markets 55
4.13 Cost analysis 57
- 4.13.1 Cost comparison 57
- 4.13.2 Feedstock, production, transportation costs 57
- 4.13.3 Cost projection forecasts 59
- 4.13.4 Cost reduction pathways 61
4.14 Competitive Landscape 62
- 4.14.1 Value chain 62
- 4.14.2 Key players 62
- 4.14.3 Collaborations and partnerships 64
4.15 Global market revenues 65
- 4.15.1 By end-use market 67
- 4.15.2 By region 68
  - 4.15.2.1 North America 69
  - 4.15.2.2 Asia Pacific 70
  - 4.15.2.3 Europe 71
  - 4.15.2.4 Latin America 72
  - 4.15.2.5 Middle East & Africa 73
4.16 Future outlook 74

5 COMPANY PROFILES 77 (34 company profiles)

6 REFERENCES 112

List of Tables

Table 1. Properties and applications of green ammonia. 19
Table 2. Benefits of green ammonia versus conventional ammonia. 20
Table 3. Comparative analysis of green ammonia production technologies. 21
Table 4. Blue ammonia projects. 30
Table 5. Market growth drivers for green ammonia. 31
Table 6. Market challenges for green ammonia. 32
Table 7. Regulatory landscape and policy support for green ammonia. 35
Table 8. Recent industry news and developments 36
Table 9. Green ammonia projects (current and planned). 39
Table 10. Ammonia fuel cell technologies. 43
Table 11. Ammonia fuel cell technologies. 44
Table 12. Market overview of green ammonia in marine fuel. 46
Table 13. Summary of marine alternative fuels. 47
Table 14. Production Cost Comparison. 57
Table 15. Green Ammonia Production Costs by Renewable Power Source. 57
Table 16. Estimated costs for different types of ammonia. 60
Table 17. Key players in green ammonia and production capacities. 62
Table 18. Green ammonia collaborations and partneships. 64
Table 19. Global market revenues for green ammonia 2018-2034 (millions USD). 65
Table 20. Global market revenues for green ammonia 2018-2034, by end-use market, (millions USD). 67
Table 21. Global market revenues for green ammonia 2018-2034, by region, (millions USD). 68

List of Figures

Figure 1. Classification and process technology according to carbon emission in ammonia production. 14
Figure 2. Green ammonia production and use. 15
Figure 3. A large scale alkaline electrolyzer facility coupled to hydropower in Austria. 23
Figure 4. Schematic of the Haber Bosch ammonia synthesis reaction. 24
Figure 5. Schematic of hydrogen production via steam methane reformation. 25
Figure 6. SWOT analysis for green ammonia. 42
Figure 7. Schematic illustration of ammonia-fed SOFC-O. 45
Figure 8. FuelPositive green ammonia production system. 51
Figure 9. Green ammonia value chain. 62
Figure 10. Global market revenues for green ammonia 2018-2034 (millions USD). 66
Figure 11. Global market revenues for green ammonia 2018-2034, by end-use market, (millions USD). 67
Figure 12. Global market revenues for green ammonia 2018-2034, by region, (millions USD). 69
Figure 13. FuelPositive system. 87
Figure 14. P2XFloater™ 92

The Global Market for Green Ammonia 2024-2034

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The Global Market for Green Ammonia 2024-2034

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