New industry partnerships between suppliers, offtakers and existing infrastructure owners will boost confidence for project developers in the fast-growing renewable ammonia industry. Recent announcements from Namibia, Germany and Norway demonstrate that a comprehensive ammonia supply chain is being established between Europe and key global locations, making FID & project investment decisions more straightforward.
This week in Norway: i) Yara, Aker Clean Hydrogen and Norway's state hydropower company Statkraft are all equal owners in HEGRA, a new entity that will steer electrification & decarbonisation at Yara's Porsgrunn ammonia plant, ii) St1 and Horisont will jointly develop a new green ammonia project in Finnmark, northern Norway, and iii) Grieg Edge and hydro generator Arendals Fossekompani launch a new green ammonia venture: North Ammonia.
This week: a roadmap for ammonia-fueled gas turbines in Asia, ammonia solutions in Iceland, IMO sets new decarbonisation milestone, new ammonia-powered vessels planned, maritime study developments, Australian updates (Fortescue, AREH and Itochu in Gladstone), Fertiglobe joins Abu Dhabi blue ammonia project and Statkraft's Porsgrunn plans.
In February the Norwegian company Aker ASA joined the elite group of companies with plans to develop multi-GW portfolios of low-carbon hydrogen and ammonia production. In Aker’s case, the goal is to implement projects with cumulative power capacity of 5.0 GW by 2030.