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Article

Impact of pre-certification on project finance

Geofrey Njovu November 26, 2023

In this session at our 2023 annual conference, panelists discussed how unified certification will help solve the chicken and egg relationship between offtake and project development. Moderated by Vibeke Rasmussen from Yara, the discussion featured Ed Davis from the Loan Program Office (US DoE), Tomoaki Ichida from Mitsui OSK Lines, Oleksiy Tatarenko from RMI and Dolf Gielen from the World Bank Group.

Long-term offtake will be made easier with unambiguous, harmonised certification standards, which will in turn have a positive impact on ammonia projects reaching financial close. Certification schemes like the one under-development by the AEA are sorely needed to break the impasse between project development and offtake.

Article

Scaling clean ammonia: a World Bank perspective

Geofrey Njovu November 26, 2023

To scale clean ammonia production from 1.4 million tonnes under construction today to the projected 269 million tonnes needed by 2030, key risks including offtake, uncertain price and demand need to be addressed. Potential solutions include technological innovation, a clear mapping of supply and demand, and harmonised standards and certification. Learn more about our 2023 annual conference keynote featuring Dolf Gielen from the World Bank.