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Fertiglobe success in H2Global pilot auction marks milestone in renewable ammonia supply for EU
Article

Fertiglobe success in H2Global pilot auction marks milestone in renewable ammonia supply for EU

Oscar Pearce July 16, 2024

Fertiglobe has won the first H2Global pilot auction for renewable ammonia, promising to deliver 397,000 tons of renewable ammonia between 2027 and 2033. H2Global’s announcement comes at the end of a two year auction process. Following the H2Global announcement, Fertiglobe committed to a twenty-year offtake deal for renewable hydrogen feedstock from the Egypt Green Hydrogen project, demonstrating the investor certainty fostered by the auction.

$37 billion in Egyptian ammonia investments
Article

$37 billion in Egyptian ammonia investments

Julian Atchison July 15, 2024

More than $37 billion will be invested across the initial stages of hydrogen and ammonia production projects, ranging in location from the Gulf of Suez to west of the Nile Delta. A series of agreements concerning existing and newly-announced projects were signed at the recent Egypt-EU Investment Conference.

Chicken or Egg? GH2 proposes solutions to the off-take trilemma
Article

Chicken or Egg? GH2 proposes solutions to the off-take trilemma

Oscar Pearce June 20, 2024

The Green Hydrogen Organisation (GH2) has released a report sketching out considerations for hydrogen off-take agreements. It emphasises the importance of balancing risks between prospective buyers and sellers, given the challenges facing a nascent market. It also analyses the respective merits of fixed & variable pricing models, supply regulation and other key off-take provisions.

Germany’s Hydrogen Acceleration Act
Article

Germany’s Hydrogen Acceleration Act

Julian Atchison June 03, 2024

Approved by the national cabinet, the draft law aims to create a legal framework for rapid development and expansion of hydrogen infrastructure, including ammonia import and cracking facilities. Relevant planning, approval and procurement procedures will be simplified and digitalized where possible, and projects covered by the Act will also be considered in the “overriding public interest”, with some important caveats. Germany’s national cabinet also approved a CCS Act this month, aimed at decarbonising hard-to-abate industrial processes.

Taking the market’s temperature: European Hydrogen Bank awards €720 million
Article

Taking the market’s temperature: European Hydrogen Bank awards €720 million

Oscar Pearce May 16, 2024

The European Hydrogen Bank has awarded nearly €720 million to seven renewable hydrogen and ammonia projects. The funding will act to bridge the price gap between the cost of hydrogen production and the price buyers are willing to pay. Recipients will receive €0.37 - €0.48 in subsidies per kilogram of renewable hydrogen, and will collectively produce 1.58 million tons of renewable hydrogen over ten years. In conducting a transparent auction process, the European Commission has also provided vital insights into trends in demand for renewable hydrogen and ammonia.

Government-industry collaboration to boost ammonia production in Australia
Article

Government-industry collaboration to boost ammonia production in Australia

Geofrey Njovu April 08, 2024

The Port Bonython and Pilbara Hubs are part of a wider strategy by the Australian government to set up multiple hubs around the country to promote renewable hydrogen & ammonia production in Australia. Based on a common-user infrastructure approach and equal federal-state funding, other locations set to benefit from this initiative include Kwinana, Gladstone, Townsville, Bell Bay and the Hunter.