Ammonia
Market moving insight on clean and conventional ammonia – delivering robust price assessments, actionable commentary, powerful data, vital analysis and outlooks
Overview
The ammonia market is undergoing a period of rapid and dramatic change. Conventional or ‘grey’ ammonia is traditionally produced almost exclusively for its nitrogen content. However, the urgent need to decarbonise the global economy and meet ambitious zero-carbon goals has opened up exciting new opportunities.
Ammonia has the potential to be the most cost-effective and practical ‘zero-carbon’ energy carrier in the form of hydrogen to the energy and fuels sectors. This has led to rapid growth of interest in clean ammonia and a flurry of new ‘green’ and ‘blue’ ammonia projects.
Argus has many decades of experience covering the ammonia market. We incorporate our multi-commodity market expertise in energy, marine fuels, the transition to net zero and hydrogen to provide existing market participants and new entrants with the full market narrative.
Our industry-leading price assessments, powerful data, vital analysis and robust outlooks will support you through:
- Ammonia price assessments (daily and weekly), some of which are basis for Argus ammonia futures contracts, Ammonia forward curve data and clean ammonia cost assessments and modelled weekly prices
- Short and medium to long-term forecasting, modelling and analysis of conventional and clean ammonia prices, supply, demand, trade and projects
- Bespoke consulting project support
Latest ammonia news
Browse the latest market moving news on the global ammonia industry.
Egypt, Morocco H2 plans await stronger demand signals
Egypt, Morocco H2 plans await stronger demand signals
Rotterdam, 21 May (Argus) — Morocco and Egypt have been among north Africa's most prominent countries for renewable hydrogen and derivatives production, but with the majority of announced projects at early development stages market participants say stronger demand signals will be required for plans to move forward. High capital costs are often cited as a constraint for project developers setting their sights on emerging markets. But a lack of demand — rather than financing availability — is the primary barrier to project development in Morocco and Egypt, according to a report from the Green Hydrogen Organisation (GH2). While financial institutions have shown interest in funding projects, the "absence of revenue certainty remains the central issue" to make projects bankable, GH2 programme officer Simran Sinha said during an event on the sidelines of the World Hydrogen Summit in Rotterdam this week. GH2 spoke with 23 industry stakeholders in the two countries and "demand uncertainty always came first" when they listed their challenges, Sinha said. Morocco has taken steps to support developers. The government and the Moroccan Agency for Sustainable Energy (Masen) are facilitating access to land, infrastructure, governance frameworks and contracting pathways under its Moroccan offer launched in 2024 targeting large-scale hydrogen projects. Six projects are currently included, five of which remain at pre-FEED stage — but missing demand is stalling development, said Masen executive director Nawfal El Fadil. Clear and stable standards are also required, El Fadil said. Certification systems must be internationally aligned and remain consistent over a project's lifetime to support bankability. If conditions need to be adapted during the lifecycle of a project, it will not be bankable, he said. Egypt faces similar constraints. The country has established a regulatory framework, industry strategy, incentives and international agreements to support hydrogen development, according to Egyptian Petrochemicals Holding Company chairman Alaa El-Din Abdel Fattah. A contract awarded in 2024 under the H2Global programme to Fertiglobe for renewable ammonia exports from Egypt demonstrates the country's competitiveness, he said. But further demand signals are needed to move additional projects forward. Alongside demand uncertainty, gaps remain in financing tools and certification clarity, Fattah said. Stakeholders have proposed some measures to address these barriers. Because many projects in Egypt and Morocco target exports to Europe, bankability depends not only on domestic policy frameworks, but also on clear demand through mandates, subsidies or mechanisms such as carbon pricing in importing centres, GH2 said. Concessional and blended finance — special types of financing available for projects in developing countries — can help improve financing terms as project mature towards bankability; but these mechanisms alone are not enough to make projects bankable in early development stages when developers need to do feasibility studies and asses risk, GH2 said. Risk-sharing mechanisms could also support project progress. Developers currently bear a disproportionate share of early-stage project risk, which delays financing. "Financing is available, but it tends to enter too late, as no actor is willing or mandated to take the first risk," GH2 said. Further measures such as foreign exchange risk mitigation tools, contracts for difference (CfD) and more investments in common user infrastructure could also support investment, OECD's industry programme lead Deger Saygin said. By Pamela Machado Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Methanol projects dominate Australia H2 subsidy scheme
Methanol projects dominate Australia H2 subsidy scheme
Sydney, 13 May (Argus) — The Australian Renewable Energy Agency (Arena) has announced a shortlist of projects for the second round of its Hydrogen Headstart subsidy scheme, with methanol facilities making up four of the seven. The shortlisted projects must submit full applications by early September, Arena said on 13 May, to win part of the A$1bn ($723.7mn) in funding available, which was reduced by A$1bn in last night's federal budget . Arena's selections represent 2,180MW of capacity, compared with the 3,394MW in the first round's shortlist . Four of the projects plan to manufacture methanol, the largest being the Bell Bay Powerfuels project in Tasmania state, which is aiming for first output in 2029 . Perdaman's 750MW Project Helios will connect to the company's 2.3mn t/yr Project Ceres urea plant in the Pilbara region of Western Australia. The firm started constructing its 30MW solar farm in March. Helios is expected to reduce Perdaman's carbon emissions by 43,800t of CO2 equivalent (tCO2e)/yr. Australian low-carbon fuels firm HAMR Energy's Portland Renewable Fuels Project was also on the list. The developer of the 220MW project received South Australia state government backing for a 140mn litres/yr sustainable aviation fuels (SAF) plant in March. Applications for the shortlist opened in October last year and follows consultations last year , after the first round of the scheme failed to award the full A$2bn initially offered, instead awarding the 900,000 t/yr Murchison Green Hydrogen project and the 4,700 t/yr Hunter Valley Hydrogen Hub with A$814mn and A$432mn, respectively, in 2025. Murchison has been shortlisted for its stage 1B, add a further 500MW of subsidised output to the initial stage meaning a total of 1.5GW capacity, while 3GW of electrolysis is ultimately planned for the project. The Headstart production credit pays the manufacturer per unit of production over a 10-year period of operations, to help bridge the gap between cost of making renewable hydrogen and market prices. By Tom Major and Susannah Cornford Hydrogen Headstart round 2 projects Applicant Project Title Electrolyser capacity (MW) State Hydrogen End Use Bell Bay Powerfuels Bell Bay Powerfuels 300 Tasmania Methanol European Energy Australia South East Queensland Power-to-X Project 150 Queensland Methanol HAMR Energy Portland Renewable Fuels Project 220 Victoria Methanol and SAF HIF Asia Pacific HIF Tasmania e-Fuel Facility 140 Tasmania Methanol Murchison Hydrogen Renewables Murchison Green Hydrogen Project Stage 1B 500 Western Australia Ammonia Perdaman Commercial Developments Perdaman Helios (Karratha): Decarbonising Fertilisers 750 Western Australia Urea Summit Hydro Gladstone Green Hydrogen Project 120 Queensland Alumina Source: Arena Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Alternative-fuel ship orders rise in April: DNV
Alternative-fuel ship orders rise in April: DNV
Sao Paulo, 12 May (Argus) — Orders for alternative-fuelled vessels rose to 38 in April, from five in March, Norwegian classification agency DNV said. LNG-fuelled vessels accounted for 20 of the April orders: eight car carriers, six container vessels, four oil tankers, and two cruise vessels. LPG/ethane carriers made up 14 orders, while four ammonia-fuelled vessels were ordered, all in the bulk carrier segment. In total, 83 orders for alternative-fuelled vessels have been placed so far in 2026. LNG has been leading the charge in the alternative bunker fuel market as shipowners look to comply with greenhouse gas (GHG) emissions reduction regulations such as FuelEU Maritime, RED III, and EU ETS. By Natália Coelho Alternative-fuelled vessels orders 2026 unit Type of fuel Orders in April Orders so far in 2026 LNG 20 52 Mathanol 14 24 LPG 0 3 Ammonia 4 4 Hydrogen 0 1 DNV Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
AdvanSix mulls DEF production in Virginia
AdvanSix mulls DEF production in Virginia
Houston, 7 May (Argus) — US chemical and fertilizer producer AdvanSix is exploring adding diesel exhaust fluid (DEF) production at its facility in Hopewell, Virginia, the company said today. The location of the plant would position the DEF output to serve the US mid-Atlantic and Northeast, a region that is typically dependent on imports to keep the market in balance. AdvanSix has partnered with nitrogen technology company Nextchem for the process design and licensing technology for the proposed expansion. The project will move through detailed engineering and development phases before a final decision on the expansion is made, which is anticipated in the first half of 2027. Upon approval, the plant is anticipated to start up in 2029, AdvanSix said. By Chris Mullins Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
