H2Global - First auction for ammonia

Results from the pilot auction of H2Global for renewable ammonia were published in July 2024. Review of the pilot auction for renewable methanol is ongoing and the budget for synthetic kerosene will be reallocated to renewable methanol. Fertiglobe, a joint venture of OCI and ADNOC, was awarded the lot for ammonia at a delivered price to Europe of EUR 1 000/t NH3 (EUR 811/t NH3 net price excluding delivery). Fertiglobe plans to produce the ammonia in Egypt using hydrogen from the Egypt Green Hydrogen project, with deliveries to Europe starting in 2027 with a potential 19.5 kt NH3 and rising to a total of 397 kt NH3 cumulatively by 2033. The sales auction for renewable ammonia is set to start in 2025-2026

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