Finance
India & Japan: establishing an ammonia trade corridor
At the recent Japan-India Summit, the governments committed to cooperation on R&D, development of policy, regulations, market mechanisms, infrastructure, and the establishment of a hydrogen/ammonia trade corridor between India and Japan.
Mizuho & Tsubame: renewable ammonia development partnerships between Japan and Africa
At the recent Tokyo International Conference on African Development, Japan-based Mizuho financial group signed MoUs with the Namibia Green Hydrogen Programme and Tsubame BHB for project development in Africa.
NatWest: low carbon hydrogen and ammonia key part of new climate for transition finance (CTF) framework
NatWest’s five-year Climate for Transition (CFT) framework will see the UK bank finance £200 billion worth of investments aligned with climate and transition focused finance. Low carbon fuels such as CCS-based and renewable hydrogen and ammonia feature prominently in the framework.
Renewable ammonia price discoveries: a closer look at the H2Global and SECI auctions
Various elements – different definitions for “green” hydrogen, subsidy structures, and transportation & logistics costs – all contribute to the gap between discovered prices for the H2Global and SECI renewable ammonia auctions. More SECI auction results are expected in the coming days and weeks.
Funding boost for ATOME’s Villeta renewable ammonia-based fertiliser project in Paraguay
Targeting FID later this year, ATOME has received $50 million in funding support from the Green Climate Fund, and an additional $135 million from the European Investment Bank for its Villeta renewable fertiliser project in Paraguay.
Billion dollar loan to Mitsui & Co. for Gulf coast mega-project finalised
Japan Bank for International Cooperation and Sumitomo Mitsui Banking Corporation will fully finance Mitsui & Co.’s investment in the Blue Point mega-project in the USA. The project – which will entail around $4 billion total investment – reached FID earlier this year.
45V: construction timelines set for renewable projects
Following the passage of new legislation in the USA, the timeline has been set for hydrogen and ammonia producers to benefit from 45V tax credits. Construction on renewable hydrogen projects must begin by January 1, 2028, providing a short window of opportunity, particularly for the regional Hydrogen Hubs.
The IMO approved its Net-zero Framework. Now what?
The consensus that has emerged from across the ammonia energy industry carries a very simple message for the IMO: adopt.
Winners of 2nd EU Hydrogen Bank auction announced
Winning projects in the second round of the EU Hydrogen Bank auction have been announced. Requesting production subsidies similar to first round winners, fifteen renewable hydrogen projects will be funded over ten years, including two ammonia projects led by IGNIS in Spain. A third auction round is set to launch later this year.

