Ammonia

Semiconductor Grade Ammonia Market Size to Grow USD 681.5 Million by 2030 at a CAGR of 6.2% | Valuates Reports

Retrieved on: 
Wednesday, February 14, 2024

The Global Semiconductor Grade Ammonia Market was valued at USD 422 Million in 2023 and is anticipated to reach USD 681.5 Million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.

Key Points: 
  • The Global Semiconductor Grade Ammonia Market was valued at USD 422 Million in 2023 and is anticipated to reach USD 681.5 Million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.
  • Claim Your Free Sample Now: https://reports.valuates.com/request/sample/QYRE-Auto-34U16199/Global_Se...
    The ongoing rise of the semiconductor sector, which requires ultra-pure chemicals for production processes, is the main factor driving the market for semiconductor grade ammonia.
  • Because of its strict quality standards, semiconductor grade ammonia is essential to maintaining the dependability and functionality of electronic components.
  • The need for semiconductor grade ammonia is rising due to the semiconductor industry's constant innovation and growth.

HONEYWELL TECHNOLOGY TO POWER THE WORLD'S FIRST COMMERCIAL SCALE LIQUID ORGANIC HYDROGEN CARRIER PROJECT

Retrieved on: 
Tuesday, February 13, 2024

CHARLOTTE, N.C., Feb. 13, 2024 /PRNewswire/ -- Honeywell today announced that ENEOS, a leading energy company in Japan, will develop the world's first commercial scale Liquid Organic Hydrogen Carrier (LOHC) project using Honeywell's solution at multiple sites.

Key Points: 
  • The project supports Honeywell's alignment of its portfolio to three compelling megatrends: automation, the future of aviation and energy transition.
  • "By providing solutions to help overcome the challenges of hydrogen transportation, Honeywell is supporting ENEOS in transitioning to a hydrogen-powered future."
  • In the Honeywell LOHC solution, hydrogen gas is combined chemically through the Honeywell Toluene Hydrogenation process into methylcyclohexane (MCH) – a convenient liquid carrier – compatible with existing infrastructure.
  • Current solutions available for transporting hydrogen include liquifying the hydrogen and using chemical carriers such as ammonia, each of which requires additional infrastructure to produce and transport hydrogen.

Global Hydrogen Generation Market Revenue to Surpass $225.78 Billion by 2030, with North America Leading the Market With Robust Commitment Toward Clean Energy Solution, Estimates Kings Research

Retrieved on: 
Friday, February 9, 2024

Based on source, the market is bifurcated into green hydrogen, blue hydrogen, and gray hydrogen.

Key Points: 
  • Based on source, the market is bifurcated into green hydrogen, blue hydrogen, and gray hydrogen.
  • The gray hydrogen segment led the global hydrogen generation market by accruing the largest market share in 2022.
  • Gray hydrogen, derived from natural gas through fossil fuel-based processes, stands as the least sustainable variant of hydrogen.
  • The hydrogen generation market is witnessing a robust surge driven by a global push toward decarbonization and a transition to clean energy sources.

Global Hydrogen Generation Market Revenue to Surpass $225.78 Billion by 2030, with North America Leading the Market With Robust Commitment Toward Clean Energy Solution, Estimates Kings Research

Retrieved on: 
Friday, February 9, 2024

Based on source, the market is bifurcated into green hydrogen, blue hydrogen, and gray hydrogen.

Key Points: 
  • Based on source, the market is bifurcated into green hydrogen, blue hydrogen, and gray hydrogen.
  • The gray hydrogen segment led the global hydrogen generation market by accruing the largest market share in 2022.
  • Gray hydrogen, derived from natural gas through fossil fuel-based processes, stands as the least sustainable variant of hydrogen.
  • The hydrogen generation market is witnessing a robust surge driven by a global push toward decarbonization and a transition to clean energy sources.

IDTechEx Discusses Whether Fuel Cell Vehicles Will Succeed and What It Would Take

Retrieved on: 
Friday, February 9, 2024

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.

Key Points: 
  • Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.
  • The big advantage for FCEVs over battery electric vehicles (BEVs) is the increased potential range.
  • Compared to a BEV drivetrain requires a battery, motor, and power electronics, a FCEV requires a (much smaller) battery, motor, power electronics, fuel cell, and hydrogen storage.
  • IDTechEx's report, " Fuel Cell Electric Vehicles 2024-2044: Markets, Technologies, and Forecasts ", provides technology and market insights into the adoption of fuel cell electric vehicles for the car, van, truck, and bus market with analysis of drivers, barriers, players, models, and market forecasts for 2024-2044.

IDTechEx Discusses Whether Fuel Cell Vehicles Will Succeed and What It Would Take

Retrieved on: 
Friday, February 9, 2024

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.

Key Points: 
  • Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.
  • The big advantage for FCEVs over battery electric vehicles (BEVs) is the increased potential range.
  • Compared to a BEV drivetrain requires a battery, motor, and power electronics, a FCEV requires a (much smaller) battery, motor, power electronics, fuel cell, and hydrogen storage.
  • IDTechEx's report, " Fuel Cell Electric Vehicles 2024-2044: Markets, Technologies, and Forecasts ", provides technology and market insights into the adoption of fuel cell electric vehicles for the car, van, truck, and bus market with analysis of drivers, barriers, players, models, and market forecasts for 2024-2044.

Hydrogen Hybrids and Heating - IDTechEx Explores the Hydrogen Economy

Retrieved on: 
Thursday, February 8, 2024

With new hydrogen infrastructure, existing aspects of living, like driving and heating, can be improved by switching harmful gases for cleaner and more efficient choices.

Key Points: 
  • With new hydrogen infrastructure, existing aspects of living, like driving and heating, can be improved by switching harmful gases for cleaner and more efficient choices.
  • Green hydrogen, the most sustainable form of hydrogen, is produced by eletrolyzers, splitting water into hydrogen and oxygen.
  • Governments worldwide have high ambitions for hydrogen – the UK aims for 5GW of installed green hydrogen capacity and 1 million tonnes per annum of blue hydrogen capacity by 2030.
  • IDTechEx predicts that the global low-carbon hydrogen production market will reach US$130 billion by 2033.

Hydrogen Hybrids and Heating - IDTechEx Explores the Hydrogen Economy

Retrieved on: 
Thursday, February 8, 2024

With new hydrogen infrastructure, existing aspects of living, like driving and heating, can be improved by switching harmful gases for cleaner and more efficient choices.

Key Points: 
  • With new hydrogen infrastructure, existing aspects of living, like driving and heating, can be improved by switching harmful gases for cleaner and more efficient choices.
  • Green hydrogen, the most sustainable form of hydrogen, is produced by eletrolyzers, splitting water into hydrogen and oxygen.
  • Governments worldwide have high ambitions for hydrogen – the UK aims for 5GW of installed green hydrogen capacity and 1 million tonnes per annum of blue hydrogen capacity by 2030.
  • IDTechEx predicts that the global low-carbon hydrogen production market will reach US$130 billion by 2033.

Envision Energy Featured Once Again in WEF Report for ESG Excellence

Retrieved on: 
Thursday, February 8, 2024

GENEVA, Feb. 8, 2024 /PRNewswire/ -- The World Economic Forum (WEF) has unveiled its "World Transitioning Industrial Clusters Annual Report", highlighting the remarkable achievements of industrial clusters worldwide in their journey towards sustainability. Among them, the Ordos Net Zero Industrial Park stands out, recognized for its innovative approach to achieving net-zero emissions. This distinction underscores Envision Energy's exceptional Environmental, Social, and Governance (ESG) practices and its contributions to the renewable energy revolution.

Key Points: 
  • This distinction underscores Envision Energy's exceptional Environmental, Social, and Governance (ESG) practices and its contributions to the renewable energy revolution.
  • Additionally, Envision Energy invites students to its headquarters to inspire interest in new energy, environmental protection, and green, low-carbon development.
  • In 2021, Envision Energy joined the Science Based Targets initiative (SBTi) and committed to achieving the "Business Ambition for 1.5°C".
  •  With these ambitious commitments, Envision Energy demonstrates its dedication to sustainable development, carbon neutrality, and a greener and more environmentally friendly world.

Envision Energy Featured Once Again in WEF Report for ESG Excellence

Retrieved on: 
Thursday, February 8, 2024

GENEVA, Feb. 7, 2024 /PRNewswire/ -- The World Economic Forum (WEF) has unveiled its "World Transitioning Industrial Clusters Annual Report", highlighting the remarkable achievements of industrial clusters worldwide in their journey towards sustainability. Among them, the Ordos Net Zero Industrial Park stands out, recognized for its innovative approach to achieving net-zero emissions. This distinction underscores Envision Energy's exceptional Environmental, Social, and Governance (ESG) practices and its contributions to the renewable energy revolution.

Key Points: 
  • This distinction underscores Envision Energy's exceptional Environmental, Social, and Governance (ESG) practices and its contributions to the renewable energy revolution.
  • Additionally, Envision Energy invites students to its headquarters to inspire interest in new energy, environmental protection, and green, low-carbon development.
  • In 2021, Envision Energy joined the Science Based Targets initiative (SBTi) and committed to achieving the "Business Ambition for 1.5°C".
  •  With these ambitious commitments, Envision Energy demonstrates its dedication to sustainable development, carbon neutrality, and a greener and more environmentally friendly world.