Browsing: Analysis

The global ammonia industry is set for significant growth, with capacity expected to increase from 238 million metric tons per annum (mtpa) in 2022 to a substantial 311 million mtpa by 2030. This expansion is driven by 114 planned and announced ammonia plants scheduled to come online within this period, primarily in North America and the Former Soviet Union.

The global push for renewable hydrogen is well underway, with hydrogen electrolyzers at the forefront of this green revolution. In Europe, the development of these electrolyzers is integral to the Net-Zero Industry Act, a significant part of the EU’s green industrial policy. However, the landscape of this emerging industry is far from settled, with Europe, China, and the United States vying for supremacy in electrolyzer technology.

A recent study conducted by the renowned Fraunhofer Institute has cast a shadow of uncertainty over the financial viability of green hydrogen production in Germany. The study highlights the predominant factor behind this conundrum: exorbitant production costs, particularly arising from electricity sourced from photovoltaic and wind power plants.