The outlook for ammonia is a fast increase in ammonia demand driven by its role as a hydrogen vector and potential shipping fuel. The global ammonia market was valued at USD 205.34 billion (2022) and is anticipated to grow at a 5.4% CAGR (2023–2030).
The need for green ammonia technologies
This trend requires green ammonia production technologies that bypass fossil fuels and enable distributed ammonia production at small scale, unlike the current model which consists in ammonia production following the economy of scale. In parallel, hydrogen recovery from ammonia via ammonia catalytic cracking is needed to enable the use of ammonia as hydrogen carrier.
Ammonia transport infrastructure is ready
The ammonia transport infrastructure and related technology already exist. What is required is an integrated technology for distributed green ammonia production (using local renewable energy) and on-site ammonia cracking to deliver hydrogen on demand where it is needed (for example, on ships).
