Speak to a specialist

Register and we will customize a solution that meets your exact needs. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis.

You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.
Generic Hero BannerGeneric Hero Banner
Latest market news

Lithuania’s Achema plans 213MW hydrogen facility

  • Market: Electricity, Fertilizers, Hydrogen
  • 20/04/23

Lithuania's nitrogen fertilizer manufacturer Achema plans to build a 213MW green hydrogen production facility, with operations anticipated to begin in the autumn of 2027.

The hydrogen plant is expected to start construction in August 2024 and will produce around 29,800 t/yr of green hydrogen.

Electricity for hydrogen production will be generated by the 248MW Pagegiai wind park, with the installation of the wind project expected to start this year.

The project will cost approximately €344mn ($377mn). Of the sum, €122.6mn is expected to come from the EU's Just Transition Fund (JTF), with the rest to be financed through a bank loan and the company's own funds. But the firm said it has not secured the financing yet.

By Linas Jo

Sharelinkedin-sharetwitter-sharefacebook-shareemail-share

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

News
18/12/25

US House passes bill to expedite permitting

US House passes bill to expedite permitting

Washington, 18 December (Argus) — The US House of Representatives on Thursday approved a bill designed to fast-track permitting for energy projects and reduce related litigation risks. But a last-minute change Republicans made to exclude some offshore wind and solar projects led some Democrats and a major clean energy group to withdraw support, complicating the bill's chances of passage in the Senate. The Republican-controlled House voted 221-196 to pass the SPEED Act, with 11 Democrats crossing the aisle to vote for what would be the most significant changes to federal permitting in years. The bill will now advance to the US Senate, where proponents will likely need to agree to make significant changes if they hope to pick up the votes of at least seven Democrats to avoid a filibuster. The bill "finally brings common sense by cutting red tape that dramatically increases the cost and, in some cases, just makes it economically unfeasible to do projects", House Republican majority leader Steve Scalise (R-Louisiana) said. The SPEED Act focuses on revising project reviews under the National Environmental Policy Act (NEPA), which is a source of delay and litigation risk for pipelines and renewable projects alike. The bill would require federal agencies to narrow those reviews and uphold those decisions even if federal courts find them to be inadequate. The bill would also provide permit "certainty" by limiting the government's ability to rescind prior approvals, averting a repeat of events like the cancellation of the Keystone XL pipeline. "We applaud the House for advancing the SPEED Act, a bipartisan, commonsense step toward fixing a federal permitting system that's long been broken," oil industry group the American Petroleum Institute said. Republican leaders were hoping 30-40 Democrats would join them to support the SPEED Act. The bill had broad bipartisan support when it was drafted because of provisions meant to prevent permitting delays that have plagued both oil and gas pipelines and renewable energy development. But Republican leaders, to satisfy far-right conservatives, made a change to the bill earlier this week that would prevent its expedited permitting procedures from benefiting any project that Trump's administration has blocked or revisited since 20 January. The Trump administration has targeted multiple offshore wind and solar projects this year and has ordered the developer of the nearly complete 704MW Revolution Wind project off the coast of Rhode Island to stop construction. That change fractured a bipartisan coalition that had spent months working on technology-neutral permitting language. The American Clean Power Association, the largest industry group for US renewable energy, on Wednesday withdrew its support of the bill , arguing the "poison pill amendment" that Republicans made eviscerated bipartisan language that gave expedited permitting treatment for all types of energy resources. A number of House Democrats who had backed the bill also withdrew their support. American Clean Power plans to work with both parties in the Senate to make changes. "This is not the final draft," representative Scott Peters (D-California) said during floor debate Thursday, vowing to work with his colleagues in the Senate to address House Democrats' concerns. By Chris Knight and Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Find out more
News

Indian local urea sales on track for record in December

18/12/25
News
18/12/25

Indian local urea sales on track for record in December

Amsterdam, 18 December (Argus) — Indian urea sales to end-users could reach close to 6mn t this month, which would set a fresh record for offtake in any month. It has been a strong start to sales so far in December, in what typically marks the peak consumption month for the winter rabi season. Domestic urea production is relatively stable at the equivalent of 2.6mn t/month, latest provisional data indicate. Urea sales were 5.2mn t in December 2024. The highest amount sold in any month on record was 5.4mn t in July this year . The country's urea stocks were around 6.3mn t in mid-December, down from 7.1mn t at the start of the month , the data show. The strong sales figures this month are likely to be the key driver behind Indian importer and supplier NFL's earlier-than-expected tender issuance on Tuesday , closing on 2 January and seeking 1.5mn t of urea for shipment up to 20 February. India is typically the largest urea importer, and its regular state-backed tenders are closely watched in the international urea market. The country has bought 9.23mn t of urea this calendar year through tenders. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Viewpoint: French power in slump

17/12/25
News
17/12/25

Viewpoint: French power in slump

London, 17 December (Argus) — France enters 2026 with power prices in a slump, as stagnant demand meets strong nuclear availability and ever-increasing renewables output. Forward prices are well below spot delivery in recent years, with the Cal-26 contract assessed at €49.75/MWh on Tuesday, compared with spot delivery of about €60/MWh in 2024 and 2025. Lower gas prices explain some of the low forward prices, as does increased renewables capacity, but French hydro reserves are well below previous years, and EdF expects to produce less nuclear power year on year because of further planned long maintenance shutdowns. If low spot delivery confirms that these forward prices were correct as to how fundamentals would play out, it could limit any potential for upside risk. And the course of any potential demand recovery over the next few years will determine whether the contango shape of the French forward years is justified by fundamentals. The French yearly contracts are unusual with Europe being in contango, rising out to the end of the decade, compared with most other countries which are in backwardation. Fundamentals arguments put forward to explain this include expectations of increased interconnection to more expensive markets, or an uptick in demand, especially from industry and data centres. But demand has remained stubbornly flat over recent years. Industrial, data centre and hydrogen projects with a total demand of 30GW have grid capacity reserved for them. If all of these projects came to light and used their full capacity, demand would leap by 180TWh by 2030, or about 40pc. Not all of these projects will be built, and those that are will not use their full capacity all the time. Grid operator RTE's high estimate is for 60pc of projects to be completed, which will then use only 20-60pc of their grid capacity. But even if only some of them are built, this could push demand growth to 1-3pc/yr. RTE's low estimate for the incremental demand from these projects by 2030, as well as additional electric vehicles, comes to 2.7GW, while its high estimate is for 6.3GW of incremental demand. A rapid increase in demand could outpace supply gains from the several GW/yr of solar capacity likely to come on line in the coming years, mechanically tightening France's balance, if it is met and there is not a fall in demand from other sectors. France may be reaching a crunch point on renewables. The ambition of governments of recent years to advance on renewables and nuclear has hit the buffers, as the lack of any demand growth removes justification for increasing capacity. Low market prices are an indication that France does not particularly need any extra renewables capacity in the short term. Capture rates for solar have fallen year on year, while lower market prices mean the bill for public subsidy for renewables grows ever higher. Some increases are locked in over the next few years, but appetite may be lacking to continue growth beyond that. And political obstacles could make a low-renewables strategy easier. Right-wing parties are firmly opposed to renewables, and the government relies on their tacit support to remain in office. The government intends to publish the PPE3 10-year energy strategy by the end of the year, which in this draft includes cuts to renewables targets, it has said. The other big dossier of French energy is the new nuclear programme. EdF has already started preparatory works to build two 1.6GW reactors at Penly, and plans to build a further four, with eight more on the drawing board. But the experience of the Flamanville 3 reactor — entering service more than a decade late and many billions over budget — could make any government hesitate before offering EdF funding for more reactors. This is all the more true if prices remain low in the coming years, which would cut EdF's ability to fund large investments and require more government support. The mooted €100/MWh price point of the new nuclear, more than twice the current market price, is a further impediment. And the programme is not expected to come into service until the late 2030s at the earliest, meaning a government which holds fire can spare itself large costs without incurring any power shortage during its term in office. By Rhys Talbot Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

CBAM documents outline preliminary ammonia values

17/12/25
News
17/12/25

CBAM documents outline preliminary ammonia values

London, 17 December (Argus) — CBAM documents outline preliminary ammonia values Preliminary documents from the European Commission released today confirm details for the ammonia free allocations benchmark and country-specific default values in the carbon border adjustment mechanism (CBAM). The documents outline that the ammonia free allocations benchmark is being revised lower to 1.522t of CO2 equivalent (CO2e), down from 1.57t, in line with leaked documentation seen last week . This will be subject to a 2.5pc reduction in 2026, lowering it to 1.484t. The documents are likely to be made official in 2026. The preliminary documents also confirm that the default emissions value for US ammonia is being revised to 3.44t of CO2 equivalent (CO2e) in 2026, with most other key supply regions to Europe in line with previous estimates. Algeria is valued at 2.10t CO2e in 2026, Trinidad is higher at 2.44t CO2e, and Egypt is 2.07t CO2e. The default emissions values apply if there are no verified emissions data available for the imported product. The default value for US anhydrous ammonia has increased because the production route for US ammonia has changed from natural gas to petroleum coke, which has resulted in the steep rise to the emissions value. The commission has outlined a 1pc mark-up for all country default values in 2026. Theoretical default costs range up to $196/t for ammonia supplied from the US into Europe, with Trinidad supply at $96/t, Algeria valued at $62/t, and Egypt at $59/t. This is based on the prompt emissions trading system (ETS) price of $100.35/t on 16 December. The Argus Fertilizer CBAM calculator can be accessed here . By Ruth Sharpe Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

EU to amend CBAM rules for power

16/12/25
News
16/12/25

EU to amend CBAM rules for power

London, 16 December (Argus) — The European Commission will amend the rules set out for the application of the EU Carbon Border Adjustment Mechanism (CBAM) for power imports to the bloc, providing a pathway to declaring actual emissions values for electricity, according to leaked documents seen by Argus on Tuesday. The EU will amend the existing guidance to CBAM regulation based on stakeholder feedback that rules for electricity are overly rigid, and that the framework does not acknowledge progress made by non-EU electricity producers in decarbonising their generation mixes, limiting incentives for third-country producers to reduce emissions. The updates were based on a consultation with market participants held from 1 July-26 August. This regulation means that actual emissions associated with the production of electricity can be declared. Serbia recently announced plans to implement CO2 measurement, reporting and verification standards, ahead of the country's first emissions and carbon tax law. This appears to provide a pathway for output from renewable sources to be exempt from CBAM. Previously, electricity was treated separately from other physical commodities under the legislation, where carbon quantity would have been based on average country-wide emissions rather than on individual plant emissions. The document also addresses physical and indirect power purchase agreements (PPA), and clarifies that CBAM will only be applied to explicit capacity allocation, removing the previous language that required the absence of network congestion in order for CBAM exemption to apply for renewables output sold under a PPA. If actual emissions data are not available, an "average grid emission factor" for exporting countries will be used in order to reflect decarbonisation in the country of origin, which would include countries' current generation mix and be lower than the previous default emissions value, which used an average of IEA emissions over the past five years. Definition of market coupling The document also lays out a novel definition of market coupling, which could provide a pathway to CBAM exemption. The EU proposes that for the purpose of integration of a third country's electricity market with the EU a "memorandum of understanding between the Commission and the third countries that have fully transposed the relevant electricity market acquis" can be agreed, and that this memorandum would then set the "timeline for the application of the exemption foreseen". Market coupling would then be achieved through legislative means, rather than as defined by market coupling through EU power market regulatory body Acer, which requires an 18-month window for technical preparation once a coupling integration plan is approved. Serbia is the frontrunner for market coupling, and has previously said that it can couple with the EU by 2027 at the earliest, which would miss the 1 January 2026 deadline for CBAM exemption, as once its application has been approved it is still subject to the 18-month waiting period. This could indicate that countries with EU regulatory body the Energy Community could receive exemption from CBAM until 2030, as 2022's energy integration package provided a pathway for exemption from CBAM for four years, provided countries coupled with the EU power market. By Annemarie Pettinato Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Related Products

Argus Africa Fertilizer

Argus Africa Fertilizer

Weekly price assessments, logistics analysis, news, commentary and proprietary data
Find out more

Argus Carbon

Argus Carbon

Carbon price benchmarks, policy and project news, and deep analysis, on a daily basis.
Find out more

Argus Low Carbon Hydrogen Strategy Report

Part Three: Americas. An in-depth analysis of the key sectors, countries and policies enabling hydrogen growth. 
Find out more

Argus Sustainable and Specialty Fertilizers

Weekly price assessments and cost calculations, trade trends, market commentary, legislation and policy insight, key current and historical data
Find out more

Argus Hydrogen and Future Fuels

Costs, prices, news and analysis for the hydrogen and P2X sectors

Find out more
Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more