The Industrial Transitions Accelerator has chosen Brazil as the first country partner in its “Project Support Programme”. Four renewable hydrogen, ammonia, fertilizer and methanol projects have been selected to receive support in advancing towards FID. Also in Brazil, developers Fuella and Yamna have launched renewable ammonia production projects in the Ports of Pecém and Açu.
Long-awaited guidelines for tax credits for the production of “clean” hydrogen in the USA have been released, which include “significant changes” and additional flexibility compared to the first draft.
The US Department of Energy has concluded negotiations with two more Hydrogen Hub consortia, committing funding to the Gulf Coast Hydrogen Hub (up to $1.2 billion) and the Midwest Hydrogen Hub (up to $1 billion).
To open the AEA’s 2024 Annual Conference in New Orleans, H2Global Managing Director Timo Bollerhey presented updates from the “green market maker”. To meet global climate targets, we need to accelerate market creation and maturation, and push past key tipping points. H2Global does this by bridging the green premium gap between sellers and buyers and facilitating transactions for clean commodities. A successful first ammonia auction was concluded in 2024, informing plans for a second, larger, truly global auction round that will be launched in the near future.
The AEA and like minded organizations delivered two urgent calls to action at COP29. These documents outline practical actions needed from governments in the next one-to-two years to stimulate demand for clean hydrogen and ammonia. Now through 2025 and 2026, the AEA, its coalition partners, and all our industry members need to channel these messages into national and local policies to scale demand for clean molecules.
2024 has seen successful funding rounds for a number of ammonia energy startups, ranging in focus from catalyst development to next-generation, modular synthesis technologies.
More than 50 leaders across the shipping value chain joined a Call to Action to accelerate the adoption of zero-emission fuels. Amongst the signatories of the Call to Action was Fortescue, which now has partnerships with Höegh Autoliners and COSCO Shipping to accelerate the deployment of ammonia-powered vessels.
In our October episode of Project Features, Hyphen Hydrogen Energy outlined its multi-phase, mega-scale renewable ammonia project set to be the first step in Namibia’s green industrialization pathway. Learn about current timelines and future expansion scope for the 2 million tons per year project, and how the physical infrastructure footprint has been carefully minimized to allow for its siting in the Tsau Khaeb national park.
