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.
NTPC Renewable Energy is the second successful bidder in a series of renewable ammonia reverse auctions to be facilitated by the Solar Energy Corporation of India. The discovered price of $591 per ton is lower than the “record-breaking” bid from ACME announced last week.
ACME is the first successful bidder in a series of renewable ammonia reverse auctions to be facilitated by the Solar Energy Corporation of India. The discovered price of $641 per ton represents a substantial drop from the previous benchmark of $1,153 per ton of renewable ammonia, set in H2Global’s first auction late last year.
In our recent episode of Project Features, we explored the outcomes from a recent ammonia bunkering demonstration at the Port of Rotterdam. With twelve ammonia transfer and bunkering demonstrations occurring in nine global locations since 2024, where does the Port Readiness Level for ammonia bunkering stand in Rotterdam and elsewhere, what are the key technical learnings, and what gaps remain?
Europe-based developers Hynfra and Yamna have signed agreements with the Andhra Pradesh state renewable energy agency for the development of two renewable mega-projects, totalling 2 million tons of ammonia production capacity and $6 billion in investments.
The European Commission has unveiled the Hydrogen and Gas Market Directive which in addition to existing regulations on renewable fuels of non-biological origin (RFNBO) set out in the Renewable Energy Directive, completes the policy framework for the sector on the European continent.
A new strategy roadmap launched alongside the recent AEA APAC conference envisions Port Hedland in the Pilbara region as a major clean fuel bunkering hub. In news from roadmap partners, Oceania Maritime Energy and SeaTech Solutions have received approval in principle for their ammonia bunkering vessel design (also at the APAC conference), and BHP has signed time charter contracts for two ammonia dual fuel Newcastlemax bulk carriers to carry iron ore to northeast Asia.
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 consensus that has emerged from across the ammonia energy industry carries a very simple message for the IMO: adopt.
