Further details on ITM’s latest electrolyser sale show that it is to an ammonia production facility where there is potential for significant follow-on work. Globally the ammonia industry uses c.30mt of hydrogen a year with nearly all produced using natural gas. With gas and carbon prices at record highs the attractiveness of green hydrogen to the industry is rising and coupled with the avoidance of input cost volatility and pressure to decarbonise, it is not surprising that demand is beginning t ....
28 Jan 2022
ITM - Details on Sale to Ammonia Industry
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ITM - Details on Sale to Ammonia Industry
ITM Power PLC (ITM:LON) | 49.5 -0.5 (-2.0%) | Mkt Cap: 305.4m
- Published:
28 Jan 2022 -
Author:
Adam Forsyth -
Pages:
6
Further details on ITM’s latest electrolyser sale show that it is to an ammonia production facility where there is potential for significant follow-on work. Globally the ammonia industry uses c.30mt of hydrogen a year with nearly all produced using natural gas. With gas and carbon prices at record highs the attractiveness of green hydrogen to the industry is rising and coupled with the avoidance of input cost volatility and pressure to decarbonise, it is not surprising that demand is beginning t ....