Leading companies have endorsed a new strategy from the Mission Possible Partnership (MPP) to ramp up production of zero-emissions ammonia, potentially for use as a clean marine fuel.
To date, 35 companies have endorsed the plan for action needed in this decade to achieve net-zero emissions by 2050, while contributing significantly to decarbonisation in other sectors of the economy.
Signatories to the report include CF Industries, Yara, BASF, and SABIC, and renewable energy providers ACWA Power, Iberdrola, and Ørsted.
Support for MPP’s strategy spans the ammonia value chain including both current and future buyers of ammonia as a zero-carbon energy carrier, a measure of growing momentum for action in the near-term.
The sector generates about one percent of global CO2 emissions, with demand for ammonia likely to increase by three- to six-fold by mid-century.
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Date posted 22/09/2022
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