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 57% of the global conventional
ammonia market by 2050. In addition to conventional markets
switching to low carbon ammonia, there are projects being developed
to use low carbon ammonia as a shipping fuel and in power
generation. Ammonia is also seen as one of the key transport
vectors for transporting large amounts of low carbon hydrogen to
import centers around the world.
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
ammonia production delivered
to Far East Asia
|
West Coast Canada to
Far East
Middle East to Far
East
Australia to Far
East
|
Renewable Power
derived
ammonia production delivered
to Northwest Europe
|
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 90% of its CO2
emissions captured and sequestrated. Platts Hydrogen Daily
is the first daily global hydrogen price, news and insights report
from an independent price reporting agency. It includes the latest
analyses of market fundamentals, trends and factors driving global
hydrogen markets, as well as prices from associated low carbon
ammonia markets.
Media Contacts:
Global/EMEA: Paul Sandell, +44
7816 180039, paul.sandell@spglobal.com
Americas: Kathleen Tanzy, + 1917 331
4607, kathleen.tanzy@spglobal.com
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.
We are a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition.
Platts® products and services, including the most
significant benchmark price assessments in the physical commodity
markets, are offered through S&P Global Commodity
Insights.
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