The global Blue ammonia market is estimated to grow from USD 78 million in 2023 to USD 7,664 million by 2030, at a CAGR of 62.3% from 2024 to 2030. The rising adoption of renewable energy producing methods around the world has increased the demand for storing renewable energy in the form of blue ammonia. As a result, various efforts involving green blue ammonia have been initiated.
Due to their strong supply network, a few global and regional players hold a strong foothold in the blue ammonia market. Yara International ASA (Norway), Saudi Arabian Oil Co. (Saudi Arabia), OCI (UK), Ma’aden (Saudi Arabia), and CF Industries Holdings, Inc. (US) are the market leaders in the global blue ammonia market. These companies have adopted strategies such as partnerships, collaborations, contracts, agreements, and expansion, to increase their market share.
To know about the assumptions considered for the study download the pdf brochure
Yara International ASA is a leading global chemical company producing nitrogen fertilizers, nitrates, ammonia, urea, and other nitrogen-based chemicals. The company operates through six business segments: Europe, Americas, Africa & Asia, Global Plants & Operational Excellence, Industrial Solutions, and Clean Ammonia.
The company manufactures ammonia, nitrates, and NPK fertilisers (nitrogen, phosphorus, and potassium). Yara Clean Ammonia, a division of Yara International ASA, is dedicated to lowering carbon emissions. It intends to capitalise on potential for low-emission fuel in transportation and power, carbon-free food production, and industrial ammonia. Yara produces carbon-free fertilisers using renewable energy sources and is a prominent producer of CO2-free ammonia, the key component of green fertilisers. The company intends to produce green ammonia by 2025 in order to reduce greenhouse gas emissions.
Yara International ASA has partnered with several companies, such as BASF (US) and Enbridge Inc. (Canada), to establish blue ammonia projects in North America. BASF and Yara have a long-term partnership agreement and operate a combined world-scale ammonia facility at BASF's Freeport, Texas site. By the end of 2023, the companies expect to have completed the feasibility study for the low-carbon blue ammonia production facility.
Saudi Arabian Oil Co., also known as Saudi Aramco, is a Saudi state-owned oil firm and one of the world’s largest integrated energy corporations. The company has three main business segments: Downstream, Upstream, and Corporate.
Saudi Arabian Oil Company provides hydrogen through its Downstream division. Power generation and supply, marketing, retail operations, distribution, and trading of refined products (LPG, naphtha, gasoline, jet fuel/kerosene, diesel, heavy fuel oil, and asphalt), petrochemicals, base oils, and lubricants are also handled by this division. Steam methane reforming (SMR) and other technologies, such as autothermal reforming, are used by Saudi Aramco to create hydrogen from natural gas. In addition, the company focuses on carbon capture methods for the production of blue ammonia. With the assistance of the Japanese Ministry of Economy, Trade, and Industry, Aramco, and the Institute of Energy Economics, Japan successfully demonstrated the manufacturing and shipping of blue ammonia from Saudi Arabia to Japan in September 2020, in collaboration with SABIC. A total of 40 tonnes of high-quality blue ammonia was sent to Japan for use in zero-carbon power generation.
Ma'aden is the largest multi-commodity mining and metals company in the Middle East. Ma'aden is involved in exploring, developing, and producing a range of mineral resources, including gold, phosphate, aluminum, copper, and industrial minerals. The company operates through four business segments: Phosphate, Aluminium, Base Metals and New Minerals, and All Other Segments. All Other Segments include corporate management and support functions, cooperative insurance, and infrastructure.
The Phosphate segment comprises phosphate fertilizers, ammonia, industrial minerals, and marketing and distribution. Ma'aden is the largest exporter of blue ammonia, for which production started in 2022. Over 138,000 tonnes of blue ammonia products have been sent by Ma'aden to the world's top markets, including Korea, China, Japan, India, Thailand, and the European Union, establishing a significant footprint in global efforts to green industrial value chains. The company has made several contracts and agreement for the supply of blue ammonia. For instance, in 2023, Ma’aden announced signing an agreement to supply blue ammonia to Taiwan Fertiliser Company (TFC), the first-ever commercial shipment to Taiwan.
Blue Ammonia Market by Technology (Steam Methane Reforming (SMR), Autothermal Reforming (ATR), Gas Partial Oxidation), End-use Application (Industrial Feedstock, Power Generation, Transportation) and Region - Global Forecast to 2030
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE