Argus Media is the latest organisation to launch a pricing service for low-carbon ammonia, following on from CRU and S&P Global Commodity Insights. The services build on existing methodologies, assumptions and trade routes for fossil-based ammonia.
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The Ammonia Wrap: Ørsted's P2X vision for the North Sea, Gunvor's new sustainability commitments, the finance world backs green hydrogen and Hydrofuel-Ontario Tech's new partnership
Welcome to the Ammonia Wrap: a summary of all the latest announcements, news items and publications about ammonia energy. This week: Ørsted unveils its P2X vision for the North Sea, energy trader Gunvor commits $500 million to sustainability, emissions reductions, finance world backs green hydrogen, Hydrofuel and Ontario Tech join forces and a new blue hydrogen/ammonia collaboration.
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The cost of hydrogen: Platts launches Hydrogen Price Assessment
What does hydrogen really cost? Apparently, there's now a good answer to this question. $0.7955 per kg. This is according to the new daily hydrogen price assessment launched yesterday by Platts. Price assessments like this are invaluable for thriving markets, supporting transparency and developing into the benchmarks and indexes that underpin investments, trade, and regulations. This is a welcome innovation from the universe of financial product development. It will be interesting to see how Platts's hydrogen prices evolve, in terms of the cost structure of hydrogen production, of course, but also from the perspective of ammonia energy. If the purpose is to support commodity trading, these price assessments must eventually expand to include hydrogen carriers — molecules, like ammonia, that can be stored and transported more economically than hydrogen itself — in other words, commoditized hydrogen.