The potential of green ammonia to replace grey ammonia in various industries is vast:
The focus will however be in utilizing green ammonia as a carrier for green hydrogen, where hydrogen is to be extracted from ammonia at the point of use. The global increase in natural gas prices caused a significant rise in ammonia prices during the 2021 calendar year. The long-term outlook is that ammonia prices will not decrease to 2020 prices. Currently ammonia is trading for more than $800 per ton.
This unlocks a promising opportunity for the Prieska Power Reserve™, since the
green ammonia is on a comparative level to that of grey ammonia.
Contrary to green ammonia, grey
ammonia is produced via steam-reforming from natural gas. Where CO2
emissions are released to the atmosphere, there are approximately 2.8 tons CO2/per
ton ammonia produced. Therefore, grey ammonia
production is responsible for almost 1% of CO2 emissions globally.
With a zero-carbon footprint, the Prieska Power Reserve™ is to supply: