European green ammonia market is anticipated to grow at a significant CAGR of 5.6% during the forecast period (2021-2027). 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.
Browse the full report description of "European Green ammonia Market Size, Share & Trends Analysis Report 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)), Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/european-green-ammonia-market
For instance, in February 2021, Yara International ASA entered into partnership with Statkraft AS and Aker ASA to switch its facility in Porsgrunn, Norway to run on renewable energy and convert its production methods to eliminate the use of natural gas. As per the companies doing so could potentially cut 800,000 tons of carbon dioxide a year; the equivalent of emissions from 300,000 cars. Such initiatives by the key players operating in the region are likely to drive the growth of the regional market.
Market Coverage
o By Technology
o By Application
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected segment
European Green ammonia Market Report Segment
By Technology
By Application
European Green Ammonia Market Report Segment by Region
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