S&P Global Commodity Insights Launches New Platts Renewable 'Green' Ammonia Prices
S&P Global Commodity Insights has launched a suite of Platts ammonia price assessments based on renewable power pathways as of December 1, 2022. This initiative complements prior 'blue ammonia' assessments, enhancing transparency in hydrogen markets. The company anticipates that low-carbon ammonia could replace 57% of the global conventional ammonia market by 2050, with various applications including shipping fuel. The assessments will be published in the Platts Hydrogen Daily report, reflecting prices in key import regions.
- Launch of renewable ammonia price assessments enhances market transparency.
- Potential to capture 57% of the conventional ammonia market by 2050.
- Supports diverse applications such as shipping fuel and energy generation.
- None.
Complements previously launched 'blue ammonia' prices to advance the clean energy transition
LONDON and NEW YORK and SINGAPORE, Dec. 1, 2022 /PRNewswire/ -- S&P Global Commodity Insights, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, today announced that on December 1, 2022, it will launch a suite of Platts ammonia price assessments based on renewable power production pathways. These new price assessments complement previously launched 'blue ammonia' assessments to further enhance transparency in global hydrogen markets.
Mario Perez, Managing Editor, Global Hydrogen at S&P Global Commodity Insights said, "This latest addition to the Platts low carbon ammonia price assessment offering will provide valuable insight into trade flows of low carbon ammonia produced from renewable power. What's more, by focusing on renewable power production pathways, market participants can now look to this latest suite of Platts assessments to begin to differentiate ammonia based on its carbon intensity when compared to both the existing ammonia market and the 'blue ammonia' option.
S&P Global Commodity Insights expects low-carbon ammonia, which is derived from hydrogen produced by electrolysis of water using renewable power, to displace
These new assessments will reflect values into the prime low carbon ammonia import regions of Northwest Europe and Far East Asia. The new assessments will be in $ per metric ton and $ per MMBtu for the locations below:
Renewable Power derived | West Coast Canada to Far East Middle East to Far East Australia to Far East |
Renewable Power derived | US Gulf Coast to Northwest Europe Middle East to Northwest Europe East Coast Canada to Northwest Europe |
The prices will be published in the recently launched Platts Hydrogen Daily report, complementing the 'blue ammonia' prices which represent ammonia production with
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Asia: Melissa Tan, + 65 68189 7569, melissa.tan@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value.
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S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights.
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SOURCE S&P Global Commodity Insights