CRU: Green ammonia: Pathways to successful project development and financing
The drive for a green recovery after Covid-19 has also served to generate unprecedented momentum behind hydrogen technologies as a tool for global decarbonisation.
- The drive for a green recovery after Covid-19 has also served to generate unprecedented momentum behind hydrogen technologies as a tool for global decarbonisation.
- Both factors have led to a rapid escalation in the race to develop green ammonia projects.
- Green credentials alone will not be sufficient for all to achieve financing, and developers should develop a solid business case from the outset.
- In response, the development of "green ammonia" production, using renewable energy and electrolysis to replace fossil fuels as the hydrogen source for carbon free ammonia, has been gaining traction.