With the shipping industry exploring alternative fuels and the case of ammonia as a green and sustainable fuel, Norway’s chemical and fertilizer company Yara announced plans for full-scale green ammonia project.
Specifically, during Yara’s virtual investor seminar, the company announced the possibility of converting its existent ammonia plant by 2026 to create the first commercial scale green ammonia project providing emissions-free fuel for the shipping industry and to decarbonize food production.
Moreover, the company aims to full electrification of its ammonia plant in Porsgrunn producing 500,000 tons annually of green ammonia in Norway. Converting the plant from its current use of traditional fuels has the potential to cut 800,000 tons of CO2 per annum, equivalent to the emissions from 300,000 passenger cars, while still ramping up the scale of production. Yara aims to fully remove CO2 emissions from its Porsgrunn ammonia production and thereby produce emission-free fuel for shipping, carbon-free fertilizer and ammonia for industrial applications.
In addition, to complete its vision, Yara stated that they are looking for partners and government support. Thus, if the required public co-funding and regulatory framework is in place, the project could be operational in 2026. The project would eliminate one of Norway’s largest static CO2 sources, and would be a major contributor for Norway to reach its Paris agreement commitments.
Concluding, during the seminar, Yara’s Svein Tore Holsether, President and Chief Executive Officer, stated that
Ammonia is the most promising hydrogen carrier and zero-carbon shipping fuel. I am excited to announce that a full-scale green ammonia project is possible in Norway, where we can fully electrify our Porsgrunn ammonia plant.