Ammonia has the potential to play a significant role in addressing the need to decarbonise the global economy and meet ambitious zero-carbon goals. It promises to be the most cost-effective and practical ‘zero-carbon’ energy carrier in the form of hydrogen. This can reduce or eliminate carbon emissions from hard to abate industrial sectors like marine transportation, and fill supply gaps where there is a mismatch between the local supply and demand of renewable power.
There are several key countries and regions at the heart of the development of this sector. We have seen rapid growth in interest in new ‘green’ and ‘blue’ ammonia projects across the globe, but the US has become a hotspot for many new investments, boosted by supportive measures under the Inflation Reduction Act (IRA). On the demand side, ambitious plans to decarbonise the European economy have brought about strategic targets for hydrogen and ammonia demand, which could result in a massive scaling up of ammonia import volumes to the region. To the east, demand for ammonia to reduce the carbon intensity of power generation in Japan and South Korea looks set to rapidly expand over the coming years.
Despite significant optimism among most market participants, the pathway to realizing this market potential requires overcoming significant hurdles and uncertainties. As with most decarbonisation measures, using clean ammonia comes at a higher cost than its carbon intensive alternatives, and for many use cases, there is insufficient clarity over how the affordability gap can be bridged. In the US, the new administration has brought with it some doubts over the future of clean ammonia support measures like those included in IRA.
In this webinar, our panelists will share their insights on clean ammonia market development to date, and their expectations for the future, including an assessment of the sector's ability to meet its challenges.
This event will be a virtual session via Zoom Webinar from 10:00 AM until 11:30 AM ET. Additional details will be provided to registered attendees prior to the session.
SPEAKERS
Jack Merriott
Jack Merriott leads the Argus Consulting practice in low-carbon fuels - clean hydrogen and derivatives, supporting project developers in understanding markets and advising lenders on investments. Jack has 16 years’ experience in strategy consulting, strategic planning and market intelligence, spanning fertilizers, industrial products and consumer goods. Prior to joining Argus, he was a Manager at Integer Research with responsibility for consulting projects in Europe and the America. Jack is a graduate of Oxford University and is fluent in French and Spanish.
Additional speakers to be announced soon.
MODERATORS
Louise Burke
Louise Burke is currently working for Argus Media on strategic business initiatives for the company. Prior to this, Ms. Burke was President and before that Executive Director of the NY Energy Forum, and president of J.C. Energy, an energy consulting firm. She has worked extensively in the energy sector analyzing pricing and markets for Mobil Oil Canada, Alberta Energy Company and Petroleos DeVenezuela. In addition, as Vice-President, Marketing for the New York Mercantile Exchange she supervised major energy and metals futures and options product launches and was closely involved in the successful growth of energy commodity markets. Ms Burke has also been affiliated with the SIPA energy program at Columbia University, New York as an instructor in the area of petroleum markets trading since 2008. Ms. Burke holds a BA honors economics degree from the University of Alberta and an MBA from New York University.
Oliver Hatfield
Oliver Hatfield is VP Business Development for Argus Media in London. Oliver has more than 20 years of experience in business analysis and consulting. He has been spearheading Argus coverage of the growing market for clean ammonia and its significant potential as an energy carrier. Oliver is a graduate of economics and development economics from the University of Manchester in the UK.
PROGRAM
10:00 AM - 11:30 AM ET: Presentation and Discussion
COST
This session is complimentary for all attendees. Registration is required for event link details.