Global Clean Ammonia Market: Analysis By Type (Blue Ammonia, Green Ammonia), Application, End User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2031)
Executive Summary
The Global Clean Ammonia Market stood at a volume of 1320.16 Thousand Tonnes in the year 2021. Blue and green ammonia are both present in clean ammonia. Blue ammonia is made from blue hydrogen, which is created from natural gas, with the CO2 captured and stored in permanent reservoirs via a carbon capture and storage procedure (CCS). Green ammonia is made carbon-free by using renewable energy to make green hydrogen.
Producing clean ammonia is thus a significantly more environmentally beneficial method of fertilizer production, as well as a viable naval fuel. Renewable energy generation and the clean ammonia distribution system continue to outperform fossil fuel power generation in terms of overall capacity expansion. Solar and wind are high-potential renewable energy sources and are likely to dominate the renewable energy market in the next years.
With the growing use of hydrogen as a fuel, ammonia has emerged as a convenient option to store it. Reconverting ammonia into hydrogen, a clean-burning fuel with no carbon emissions can be used in applications such as fuel cells for cars. Ammonia produced in this manner could become a viable fuel source in the future as investment pours into producing blue and green hydrogen in Gulf countries.
In addition, with the growing use of hydrogen as a fuel, ammonia has emerged as a convenient option to store it. Reconverting ammonia into hydrogen, a clean-burning fuel with no carbon emissions, can be used in applications such as fuel cells for cars. Ammonia produced in this manner could become a viable fuel source in the future as investment pours into producing blue and green hydrogen in Gulf countries.
Scope of the Report
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