The North American green ammonia market is anticipated to grow at a significant CAGR of 6.8% during the forecast period. Ammonia has nine times the energy density of Li-ion batteries, and three times that of compressed hydrogen, creating potential as a carbon-free energy carrier. Although, the ammonia as a fertilizer has a well established market; the market for green ammonia is still on its traction to grow across the globe. The green ammonia offers several benefits as a power generation source and transportation fuel; therefore, key players of the market are investing in the green ammonia projects to exploit the actual potential of the green ammonia market.
For instance, in April 2021, CF Industries Holdings, has signed a contract with Thyssenkrupp for a 20MW green hydrogen project at its factory in Louisiana. The engineering and procurement contract is for the supply of an alkaline water electrolysis plant to produce green hydrogen at CF Industries’ Donaldsonville manufacturing complex. When complete in 2023, the Donaldsonville green ammonia project will be the largest of its kind in North America. Over the next 3 years, the company will spend $100 million to convert 20,000 tonnes per year of conventional ammonia at its flagship plant in Donaldsonville, Louisiana, to green by installing electrolyzers.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Technology
- By Application
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North American Green ammonia Market Report Segment
By Technology
- Alkaline Water Electrolysis (AWE)
- Proton Exchange Membrane (PEM)
- Solid Oxide Electrolysis (SOE)
By Application
- Transportation Fuel
- Power Generation and Energy Storage
- Fertilizer
- Other (Textile & Pharmaceuticals, Explosives, Refrigeration & Heat Transfer Application)
North American Green Ammonia Market Report Segment by Region
- United States
- Canada
Company Profiles
- Green Hydrogen Systems
- Haldor Topsøe A/S
- Hiringa Energy Ltd.
- Hydrogenics (Cummins Inc.)
- Queensland Nitrates Pty Ltd.
- Siemens AG
- CF Industries Holdings, Inc.
- Yara International
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