United Kingdom Green Ammonia Market By Production Method (Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis), By End Use (Power Generation, Transportation, Fertilizers, Others), By Region, Competition Forecast & Opportunities, 2018-2028F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited Kingdom Green Ammonia Market By Production Method (Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis), By End Use (Power Generation, Transportation, Fertilizers, Others), By Region, Competition Forecast & Opportunities, 2018-2028F
According to the European Chemical Industry Council or Cefic, chemicals, and pharmaceuticals were the UK's second-largest manufacturing sector in 2021, trailing only machinery and transport equipment, with exports exceeding USD54 billion and value added to the economy of USD30.7 billion.
As per Maritime UK, the shipping sector contributes USD11 billion to GDP and is crucial to the economy. In addition, it contributes USD2.75 billion in taxes to the UK government, which sustains 240,000 jobs.
According to the International Renewable Energy Agency (IRENA), ammonia production accounted for around 45% of global hydrogen consumption or around 33 million tonnes (Mt) of hydrogen in 2020.
Download Free Sample Report Increasing demand for renewable energy
The shift towards renewable energy sources has been a major driver for the green ammonia market in the UK. With the increasing demand for sustainable energy solutions, green ammonia production can play a vital role in providing a clean energy source for various applications. The growing interest in green ammonia is mostly a result of the rising demand for renewable energy. Renewable energy is taking on more significance in the global energy mix as nations strive to cut their greenhouse gas emissions and shift to low-carbon economies. In many regions of the world, such as the United Kingdom, the renewable energy sources like wind and solar power are already economically competitive with conventional fossil fuels, and their costs are still falling. This makes using renewable energy for industrial purposes like the manufacturing of ammonia progressively more viable, especially in areas with an abundance of renewable resources. Another benefit of producing green ammonia with renewable energy is that it can be done in remote areas without access to conventional energy.
Favorable Government Regulations and Policies
The United Kingdom has become an international leader in the production of green ammonia in recent years owing to encouraging laws and policies designed to cut greenhouse gas emissions and support renewable energy sources. To attain net-zero emissions by the year 2050, the United Kingdom government has set challenging goals for reducing greenhouse gas emissions. One of the key policies driving the development of green ammonia in the UK is the Renewable Transport Fuel Obligation (RTFO). The RTFO requires transport fuel suppliers to demonstrate that a certain percentage of their fuel comes from renewable sources, including green ammonia. This has created a market for green ammonia as a transport fuel, providing an alternative to traditional fossil fuels. In addition to the RTFO, the UK government has also implemented a range of other policies and incentives to encourage the development of green ammonia. For example, the government has established a Green Gas Levy to provide funding to produce green gas, including green ammonia.
Rising Use of Green Ammonia in Agriculture and Food Industry
The agriculture and food industry are major users of ammonia, with ammonia-based fertilizers playing a key role in the production of food crops. However, the traditional method of ammonia production is energy-intensive and emits significant amounts of carbon dioxide. This has led to growing interest in green ammonia, which is produced using renewable energy sources and has a significantly lower carbon footprint. Green ammonia is a key component of sustainable agriculture practices, as it provides a source of nitrogen for plants without contributing to greenhouse gas emissions. Nitrogen is a critical element for plant growth and is typically supplied to crops using synthetic fertilizers that are produced using fossil fuels. The agriculture and food industry in the United Kingdom (UK) is increasingly turning to green ammonia as a sustainable and low-carbon source of fertilizer. Green ammonia is produced using renewable energy sources such as wind and solar power and has a significantly lower carbon footprint than traditional ammonia, which is produced using fossil fuels. The demand for green ammonia in the agriculture and food industry in the UK is being driven by a range of factors, including consumer demand for sustainable and organic food, and government regulations and policies aimed at reducing greenhouse gas emissions and promoting sustainable agriculture practices. Consumers are increasingly demanding sustainably produced food and are willing to pay a premium for products that are produced using sustainable and low-carbon practices. The use of green ammonia in agriculture provides a way for farmers to meet this demand, and to differentiate their products in a jammed market.
Recent Developments
- Essar
Group is developing Stanlow Terminals in the Port of Liverpool, UK, to import
green ammonia and store more than 1 million tonnes per year. The new terminal
will contribute to Essar’s ambition to become a major player in low-carbon
energy innovation and a leader in production globally. Moreover, the terminal
can import and store more than 1 million tonnes of green ammonia per year for
further distribution into the UK or conversion back to green hydrogen for
supply to the North West’s industrial customers.
- As
per UK Research and Innovation, researchers at the Science and Technology
Facilities Council (STFC) are constructing a small-scale facility to produce
ammonia only from renewable energy sources. STFC and the University of Bath are
working together to lead the second phase of the Ammonia Synthesis Plant from
Intermittent Renewable Energy (ASPIRE) initiative.
Market Segmentation
United Kingdom Green Ammonia Market is segmented into Production Method, End Use, Region, and Company. Based on Production Method, the market is divided into Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis. Based on End Use, the market is divided into Power Generation, Transportation, Fertilizers, and Others. Based on Region, the market is segmented into Scotland, South-East, London, South-West, East-Anglia, Yorkshire & Humberside, and East Midlands and Rest of the United Kingdom.
Company Profiles
ATOME Energy PLC, Siemens Energy Limited, Eneus Energy Limited, Yara International ASA, Haldor Topsoe Holding A/S, ThyssenKrupp AG, ITM Power plc, RWE AG, HIIROC Limited and Scottish Power Ltd are some of the key players in the United Kingdom Green Ammonia Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast,
company shares, competitive landscape, growth factors, and trends |
|
Segments covered |
Production Method End Use |
|
Regional scope |
Scotland,
South-East, London, South-West, East-Anglia, Yorkshire & Humberside, East
Midlands and Rest of United Kingdom. |
|
Key companies profiled |
ATOME Energy PLC, Siemens Energy Limited, Eneus
Energy Limited, Yara International ASA, Haldor Topsoe Holding A/S,
ThyssenKrupp AG, ITM Power plc, RWE AG, HIIROC Limited and Scottish Power Ltd |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized
purchase options to meet your exact research needs. |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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