アンモニア
概要
アンモニア市場は、急速かつ劇的な変化の時期を迎えています。従来のアンモニア、あるいは「グレー」アンモニアは、ほぼ窒素含有量のみを目的に生産されてきました。しかし、世界経済を脱炭素化し、野心的なゼロ・カーボン目標を達成するという喫緊性により、興味深い新たな機会がもたらされています。
アンモニアは、水素という形でエネルギー・燃料部門に供給される、最もコスト効率が高く実用的な「ゼロ・カーボン」エネルギー・キャリアとなる可能性を秘めています。このため、クリーン・アンモニアへの関心が急速に高まり、新しい「グリーン」「ブルー」アンモニア・プロジェクトが次々と生まれています。
アーガスは、アンモニア市場を数十年にわたってカバーしてきた実績があります。 エネルギー、海洋燃料、ネットゼロへの移行、水素など、マルチコモディティ市場の専門知識を取り入れ、既存の市場参加者や新規参入者に市場の全容をお伝えします。
業界をリードする価格評価、豊富なデータ、本質的な分析、そして確かな見通しにより、お客様の意志決定・業界動向把握を支援します。
- アンモニア価格評価（日次および週次）（その一部はアーガスのアンモニア先物契約の基礎となっています）、アンモニアフォワードカーブデータ、クリーンアンモニアのコスト評価およびモデル化された週次価格
- 従来のアンモニアおよびクリーンアンモニアの価格、需給、取引、プロジェクトに関する短期および中長期の予測、モデル化、分析
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最新ニュース
世界のアンモニア市場に関する最新の市場動向ニュース
Q&A: Fuella bets on green ammonia's long-term future
Q&A: Fuella bets on green ammonia's long-term future
Paris, 28 July (Argus) — Norwegian developer Fuella is advancing a portfolio of renewable ammonia projects across Norway, Brazil and Canada, with its flagship Skipavika development close to a final investment decision (FID). But regulatory uncertainty and slow implementation of key policies such as the EU's revised Renewable Energy Directive (RED III) continue to hold back investment decisions and offtake commitments across Europe, Fuella says. Argus spoke with Fuella's head of commercial Marco Querci about the status of the firm's projects, its commitment to ammonia as a hydrogen derivative, and the importance of clear policy signals. Edited highlights follow: Can you tell us about the current status of Fuella's projects? We started in Norway, where our most advanced project is located. The next projects in line are the two plants in Brazil, and more recently we added the project in Quebec. The Skipavika project is our flagship project on the west coast of Norway, near Bergen, in an industrialised zone. It will be around 130MW, producing 100,000 t/yr of ammonia. We completed front-end engineering design [FEED] in 2024 and the project is effectively ready to build. Since then, we have focused on optimisation, particularly costs and competitiveness. We continue to work with [German utility] EnBW, a long-standing partner and investor, while evaluating additional offtakers. We still aim to reach FID in the coming months. How are the two projects in Brazil progressing? Brazil is where we took the Skipavika approach and scaled it up. The plants are roughly four times the size of the Norwegian project, at around 400,000 t/yr of capacity. Brazil is one of the few places where excellent wind and solar resources can be combined with a hydropower backbone. The ability to produce and use base-load power allows an ammonia loop to operate conventionally. If you depend on fluctuating wind and solar generation, even with hydrogen buffering, the ammonia loop has to adapt. Historically, ammonia plants were not designed for that level of fluctuation. We're advancing the two projects simultaneously and are currently carrying out pre-FEED work. Significant synergies between them mean we can develop relatively similar plant designs. Is the Quebec project the most recent addition to the portfolio? Yes. Quebec is a natural choice when you look at the regions we've explored across Europe, Brazil and Canada. It's not only a strategic choice but also one that follows a clear decarbonisation logic. Green molecules should first be developed in regions where the grid mix is already renewable. That approach suits a company like ours. We're not a large renewable developer entering hydrogen and ammonia. We are a focused hydrogen company, which helps us stay specialised. What is the company's focus for the next 12-18 months? We feel that we have built a very competitive and promising portfolio for projects. While bringing our projects to FID is the clear goal, we are also looking for partners both on investment and technology, and mainly on the offtake side. What are the main challenges in developing these projects? We've designed our projects with ease of execution in mind, so from a local development perspective, we have not encountered major challenges. Technical studies, permitting and engineering have progressed relatively smoothly. The key challenge across all projects is the offtake market. Regulation plays a critical role, and regulatory uncertainty over the past few years has been the main hurdle for investment. RED III for industry has still not been fully implemented in many markets, while transport targets were implemented with significant delays. There has also been uncertainty around the EU's carbon border adjustment mechanism [CBAM] and the exclusion of fertilisers. We are seeing some improvement, but without clear regulation, the financial incentive for offtakers to procure green molecules remains limited. Skipavika is a good example. We completed FEED in 2024 and, in a more mature regulatory environment, would probably already be in construction. We believe early movers can gain a real advantage by building expertise, project maturity and operational knowledge before the market scales up. As an ammonia producer, what would you like to see in terms of regulation? We welcome the implementation of RED III transport targets. Even though transport is not necessarily the most natural market for ammonia, it is still a positive signal. At the same time, hydrogen, and especially ammonia, has a primary role to play in hard-to-abate sectors where electrification is not an option. Fertilisers and chemicals are natural markets, and replacing grey ammonia with green ammonia is one of the most effective decarbonisation pathways. What we would like to see is RED III industry implementation moving ahead as quickly as possible. Proposals such as the Spanish approach, where renewable fuel of non-biological origin credits generated in industry can contribute towards transport targets, seem pragmatic. We would welcome similar initiatives elsewhere. Another possibility is to shift more of the burden towards the consumer side, reducing the impact on industrial competitiveness. The willingness of traditional ammonia customers to pay a premium has increased largely due to CBAM implementation. Shipping has also shown growing interest, particularly through FuelEU Maritime. Of course, ammonia can also be used as a transport medium and then cracked back into hydrogen, for example for refineries. That is less efficient, but if incentives and regulations drive the market in that direction, it is still better than no decarbonisation. Ultimately, we remain open-minded regarding end-use markets. How do you view the effect of recent geopolitical developments? Disruptions and conflicts have increased the cost of fossil-based alternatives. That strengthens the competitiveness of green molecules. We believe this price pressure is likely to persist. A significant share of ammonia and LNG supply has been disrupted, and replacing that capacity will take time. Overall, we expect the ammonia market to remain relatively tight over the medium term, supporting higher prices and strengthening the economic case for green ammonia. The current situation also shows the importance of strengthening local production and choosing the right partners. From a European perspective, as we decarbonise and we focus on reducing our dependency on fossil fuels, we should also make sure that the security of supply is there and we don't replace one dependency with another. How do you evaluate ammonia cracking technology and developments for this? The good news, which is normally bad news but in this case can be positive, is that production assets take a long time to develop and build. Cracking infrastructure will also require time, but from what we hear, construction timelines may be somewhat shorter than for production facilities, helping simplify supply-chain development. We are confident that ammonia cracking capacity is materialising, the technology is advancing rapidly and its efficiency is becoming increasingly well understood. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Japan’s Jera, S Korea’s Samsung to partner on H2, NH3
Japan’s Jera, S Korea’s Samsung to partner on H2, NH3
Tokyo, 13 July (Argus) — Japanese power producer Jera and South Korean trading house Samsung C&T plan to collaborate on building hydrogen and ammonia value chains and optimise their portfolios of these carbon-neutral fuels, Jera said today. Jera and Samsung C&T signed the two-year initial agreement on 6 July. The deal involves exploring improvements to operational flexibility in ammonia handling and the potential for ammonia trading based on market conditions. The two firms also aim to work together to develop a system to manage operational emissions from infrastructure. The firms did not disclose a detailed schedule. Jera also formed partnerships with South Korean firms Posco and Lotte Chemical in 2024 to build hydrogen and ammonia value chains. The agreements align with the Japanese and South Korean governments' joint target to enhance collaboration to build hydrogen and ammonia supply chains. They plan to develop a methodology to calculate greenhouse gas emissions through research at overseas manufacturing sites. The countries also aim to establish an international standard for hydrogen refuelling stations and ensure the safe handling of these fuels and feedstocks. The countries aim to boost production and consumption of hydrogen and ammonia, especially in the mobility, power generation and other hard-to-abate industry sectors. Demand for hydrogen and ammonia in South Korea could be lower than previously expected after the government revised its plan for a second clean hydrogen power generation bidding market tender. It reduced tender volumes from 3 TWh/yr to 500 GWh/yr and excluded ammonia co-firing as an option because of plans for an accelerated coal phase-out. But Jera still decided to work with Samsung C&T because the latter was selected to receive financial support to develop hydrogen pathways under South Korea's Clean Hydrogen Portfolio Standard scheme. Samsung C&T has sufficient incentives and support to continue promoting the use of hydrogen and ammonia, despite the potential fall in demand for these fuels in South Korea, Jera said. By Nanami Oki Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India 3Q phosacid settles at $1,700/t P2O5 cfr
India 3Q phosacid settles at $1,700/t P2O5 cfr
London, 1 July (Argus) — Indian importer Coromandel has agreed a price of $1,700/t P2O5 cfr India with 30 days credit for third-quarter phosphoric acid deliveries with Jordanian producer JPMC. The price is up by $340/t P2O5 from the second quarter, largely driven by firm sulphur prices. Prices for dry bulk sulphur to India rose by 49pc over the second quarter. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India's Fact issues long-term ammonia buy tender
India's Fact issues long-term ammonia buy tender
Singapore, 26 June (Argus) — Indian fertilizer producer Fact issued a tender to purchase up to 93,500t of ammonia on 25 June for delivery to Kochi port over a one-year period. Fact is seeking monthly lots of 8,000t +/- 5pc, and requested that suppliers must offer at least one lot of 8,000t. Pricing offers are to be submitted on a formula basis linked to the four-week average midpoint of Argus ' Middle East Fob assessment, with a variable premium or discount. Offers are to be submitted by 9 July 14:00 IST (08:30 GMT), and will be opened on the same day at 14:30 IST. Argus last assessed delivered prices to India at a midpoint of $760/t cfr on 25 June, and loading prices from the Middle East at a midpoint of $700/t fob. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
