Green Ammonia Market size was valued at USD million in 2021 and is expected to reach a value of USD million by 2028, growing at a significant CAGR during the forecast period 2022 to 2028. The global market provides a detailed overview of the market and that can be segmented by production route and application. By production route, the green ammonia market has been segmented into steam methane reforming haber-bosch synthesis (SMR-HB), electric distributed haber-bosch process (E-HB) and distributed direct ammonia production. The electric distributed haber-bosch process (E-HB) segment is likely to be the largest and fastest-growing segment in terms of production route. Based on application, the green ammonia market is segmented into energy storage, zero-carbon fuel, hydrogen carrier, fertilizers and others. Among these, the hydrogen carrier segment is expected to have the fastest-growing market during the forecast period 2022-2028.
In Nov 2021, Green Fuel and Haldor Topsoe collaborated to identify practical and scaleable methods for the production of green ammonia in Iceland.