The future of low carbon fuels – why all eyes are on green ammonia to help drive the net zero transition

illuminem summarizes for you the essential news of the day. Read the full piece on Euractiv or enjoy below:

🗞️ Driving the news: The article discusses the growing interest in green ammonia as a low-carbon fuel, highlighting its potential to contribute significantly to the global transition to net zero
• It covers the increase in demand for green ammonia in Europe, its cost-effectiveness compared to other hydrogen carriers, and its diverse applications, including in the maritime sector and industrial technologies

🔭 The context: Amidst the global shift from fossil fuels, following the COP28 agreement, industries are exploring greener technologies
• Green ammonia emerges as a leading alternative, supported by international efforts to ensure its sustainability, safety, and affordability
• This shift is driven by the need to decarbonize hard-to-abate sectors and the quest for a secure and affordable energy supply

🌍 Why it matters for the planet: Green ammonia's potential to decarbonize industries and its role in a cleaner maritime sector can drastically reduce emissions, aiding in the fight against climate change. Its development and adoption align with global ambitions to minimize environmental impact and foster a sustainable, carbon-neutral future

⏭️ What's next: With the Japanese Government and IHI Corporation working towards establishing international standards for green ammonia's safe use, Europe is poised to play a key role in its global value chain
• This includes the adoption of green ammonia in energy mixes, infrastructure adaptation, and the reduction of carbon dioxide emissions across various sectors

📈 One stat: The ammonia market is expected to triple by 2050, with the majority of demand coming from Europe and Asia

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