|
Forecast Period
|
2025-2029
|
|
Market Size (2023)
|
USD 415.20 Million
|
|
CAGR (2024-2029)
|
6.87%
|
|
Fastest Growing Segment
|
Power Generation
|
|
Largest Market
|
Saudi Arabia
|
Middle
East & Africa Green Ammonia Market is expected to reach a significant value of USD 415.20 Million in 2023 and is anticipated to project robust CAGR growth of 6.87% in the forecast through 2029. The
Middle East and Africa (MEA) region, renowned for its role as a global energy
powerhouse, is now at the forefront of a paradigm shift towards green ammonia
production. Green ammonia, produced through the synthesis of nitrogen and
hydrogen using renewable energy sources, is emerging as a sustainable
alternative to traditional ammonia production methods. With the world's growing
concern for sustainability and the need to reduce carbon emissions, the MEA
region, rich in renewable energy potential, is strategically positioned to
become a key player in the green ammonia market. The collective investment in renewables for
Africa and the Middle East accounted for just 1.6% of the global total,
approximately USD 8.4 billion. Israel led the region with a 9.2% growth in
investment, reaching USD 0.99 billion.
Historically,
the MEA region has held a dominant position in the global energy landscape,
primarily due to its abundant reserves of oil and gas. However, as
environmental issues take center stage, there is a shift towards green ammonia
production as a means to reduce carbon emissions. This historical dependence on
fossil fuels is now being challenged as the region transitions towards more
sustainable energy solutions.
The
MEA green ammonia market is witnessing notable growth, with an increasing
number of key players actively contributing to its development. Prominent
industry leaders in the region include Qatar Energy, Yara International, and
SABIC. These companies are driving advancements in green ammonia production and
shaping the market's trajectory. The Middle East contributes approximately 8.5% to the global ammonia capacity, with QAFCO (Qatar), NPC (Iran), SABIC-Agri (Saudi Arabia), and Ma’aden (Saudi Arabia) holding the majority share of capacity in the area. Ranking as the third-largest exporter globally, the region accounts for 15% of total exports, with a significant portion flowing to Asia, particularly India. Green
ammonia finds diverse applications across various sectors, including
agriculture, transportation, and industrial processes. It serves as a
sustainable fertilizer in agriculture, a clean fuel for transportation, and a
raw material for various industries. The versatility of green ammonia positions
it as a critical driver of its adoption in the MEA region.
Several
factors fuel the demand for green ammonia in the MEA region. Abundant renewable
energy resources, notably solar and wind, provide a strong foundation for green
ammonia production. Additionally, a growing emphasis on sustainability, carbon
reduction goals set by governments and industries, and the search for energy
diversification are propelling the development of green ammonia projects. While
the MEA green ammonia market exhibits substantial potential, it faces specific
challenges. The establishment of comprehensive infrastructure for green ammonia
production, distribution, and utilization is a complex and capital-intensive
endeavor. International regulations and market integration for green ammonia
products pose challenges that need to be addressed. Environmental
sustainability and regulatory compliance are paramount in the green ammonia
industry. MEA countries are enacting policies and regulations that encourage
renewable energy use and green ammonia production. These measures align with
global efforts to reduce carbon emissions and mitigate climate change. The
MEA green ammonia market is experiencing notable trends. Countries in the
region are actively exploring opportunities for green ammonia export,
positioning themselves as key players in the global ammonia market. Investments
in large-scale green ammonia production facilities and intensified research and
development activities are on the rise.
The
future outlook for the Middle East & Africa green ammonia market is
promising. With abundant renewable energy resources and a growing global demand
for sustainable ammonia, the region is well-positioned to make a significant
impact on the green ammonia landscape. The industry's adaptability to evolving
market dynamics, investments in infrastructure, and alignment with global
sustainability goals will be pivotal in shaping its growth trajectory. The
MEA region is currently at a pivotal juncture in its energy transition journey,
with green ammonia poised to play a central role. As countries in the region
tap into their renewable energy potential and invest in green ammonia projects,
they are not only addressing environmental concerns but also establishing
themselves as key players in the global ammonia market. The path towards
sustainable energy in the MEA region is marked by innovation, strategic
partnerships, and a shared commitment to a greener and more sustainable future. Hence, the Middle East & Africa green ammonia market is on the verge
of significant growth, driven by the region's abundant renewable energy
resources and the global shift towards sustainable energy solutions. Green
ammonia is emerging as a transformative force, offering a cleaner and more
sustainable path to meet the growing energy demands while contributing to
global efforts in combating climate change. The MEA region's journey towards
green ammonia is a testament to its potential as a major player in the evolving
global energy landscape.
Key Market Drivers
Abundant Availability of Renewable
Energy Resources is Driving the demand for Middle East & Africa Green
Ammonia Market
The
Middle East and Africa (MEA) region is experiencing a surge in the demand for
green ammonia, and the primary driving force behind this demand is the abundant
availability of renewable energy resources. Green ammonia, produced through the
synthesis of ammonia using renewable energy sources, is gaining prominence as a
sustainable and environmentally friendly solution in the field of energy
storage and transportation. The MEA region, known for its vast renewable energy
potential, is poised to become a key player in the global green ammonia market.
One
of the central factors contributing to the growing demand for green ammonia in
the MEA region is the availability of abundant and consistent renewable energy
resources, particularly solar and wind energy. The region experiences some of
the world's highest levels of solar irradiation, making it an ideal location
for solar power generation. Solar photovoltaic (PV) panels, concentrated solar
power (CSP), and other solar technologies are widely deployed, providing a
surplus of clean electricity for various applications, including green ammonia
production. Despite
having ample solar and wind resources and facing increasing water scarcity, the
Middle East still falls behind other regions in the adoption of renewable
electricity. In 2023, the region's share of renewable electricity only reached
3.4%, comprising 1.7% from hydropower, 1.4% from solar power, and 0.2% from
wind power.
The
MEA region is also known for its strong and predictable wind patterns,
especially along coastal areas. Wind farms have been established throughout the
region, generating substantial amounts of renewable energy that can be
harnessed for green ammonia production. The combination of abundant solar and
wind resources positions the MEA region as a strategic hub for the large-scale
production of green ammonia. Governments
and policymakers in the MEA region are increasingly recognizing the strategic
importance of green ammonia and are taking proactive steps to support its
growth. Many countries in the region have set ambitious renewable energy
targets and are investing in the necessary infrastructure and technology to
facilitate green ammonia production. These initiatives are in alignment with
global efforts to reduce carbon emissions, enhance energy security, and create
economic opportunities within the clean energy sector. The
industrial sector in the MEA region presents a significant opportunity for the
adoption of green ammonia. Energy-intensive industries, such as petrochemicals,
fertilizers, and heavy manufacturing, have traditionally relied on fossil fuels
for their energy needs. Transitioning to green ammonia as a clean and
sustainable energy carrier offers the potential to reduce carbon emissions,
lower environmental impact, and support the region's commitment to a greener
future.
Additionally,
the MEA region's role in global energy security is a compelling factor driving
the demand for green ammonia. The region has historically played a vital role
in the global energy landscape due to its vast oil and gas reserves. By
diversifying its energy offerings and embracing green ammonia, the MEA region
can secure its energy future and potentially export this clean energy carrier
to international markets, contributing to the global transition towards
renewable energy sources. Research
and development initiatives in the MEA region are also contributing to the
growth of the green ammonia market. Investments in cutting-edge technologies
and innovations in ammonia synthesis processes, such as the Haber-Bosch method,
are expected to enhance the efficiency and cost-effectiveness of green ammonia
production. Collaborations between research institutions, universities, and
industry players are actively exploring advanced solutions to accelerate the
adoption of green ammonia. Therefore, the abundant availability of renewable energy resources, government
commitments to sustainability, the potential for decarbonizing energy-intensive
industries, and the region's role in global energy security are collectively
driving the demand for green ammonia in the Middle East and Africa. As the MEA
region harnesses its renewable energy potential and advances green ammonia
technology, it is likely to emerge as a significant contributor to the global
green ammonia market. Green ammonia is poised to play a pivotal role in the
region's journey towards a sustainable and eco-friendly energy future.
Growing Demand for Green
Ammonia from Key Industries is Expected to Propel the Middle East & Africa
Green Ammonia Market
The
Middle East and Africa (MEA) region is witnessing a notable rise in the demand
for green ammonia, driven by a growing appetite for sustainable solutions
across key industries. Green ammonia, synthesized using renewable energy
sources to reduce carbon emissions, is gaining significant traction as an
eco-friendly energy carrier. The MEA region, well-endowed with abundant
renewable energy resources, is poised to become a prominent player in the
global green ammonia market, largely due to the increased demand from key
industrial sectors.
One
of the central drivers for the surging demand for green ammonia in the MEA
region is the increasing interest and commitment from various key industries to
transition to cleaner and more sustainable energy sources. Energy-intensive
sectors such as petrochemicals, fertilizers, and heavy manufacturing are major
contributors to the region's economic landscape. These industries have
traditionally relied on fossil fuels to meet their energy requirements.
However, with a growing global focus on sustainability and environmental
responsibility, many of these sectors are now looking to adopt green ammonia as
an alternative and cleaner energy source. Green
ammonia's adoption is attractive to these industries as it not only helps them
reduce their carbon footprint but also aligns with the global effort to
mitigate climate change and reduce greenhouse gas emissions. The MEA region's
ambition to decarbonize these energy-intensive sectors while maintaining their
competitive edge on the global stage is a driving force behind the increasing
demand for green ammonia.
Furthermore,
the MEA region's role as a global energy provider is pivotal in boosting the
demand for green ammonia. With its history of being a major player in the oil
and gas sector, the region is strategically positioned to pivot toward green
ammonia production. By diversifying its energy offerings and harnessing its
abundant renewable energy resources, the MEA region has the potential to become
a key supplier of green ammonia to international markets, meeting the growing
global demand for clean energy carriers. Brooge Energy's renewable energy
subsidiary, based in the Cayman Islands, has completed a successful feasibility
study for its green ammonia project in Abu Dhabi, UAE. The project by Brooge
Renewable Energy (BRE) will include a green ammonia plant with a capacity of
1,950 tonnes per day, delivered in two phases. The initial phase of 300 tonnes
per day will precede the full plant completion. Upon full commissioning, the
BRE green ammonia plant is set to produce 685 kilotonnes annually.
Governments
and policymakers across the MEA region have recognized the potential of green
ammonia and are actively supporting its growth. Numerous countries in the
region have set ambitious renewable energy targets, with incentives and
investments in place to facilitate green ammonia production. These initiatives
are in line with global sustainability goals, reflecting the region's
commitment to reducing carbon emissions and fostering a more sustainable energy
landscape. Research
and development efforts in the MEA region are also contributing to the
expansion of the green ammonia market. Investment in cutting-edge technologies
and innovations in ammonia synthesis processes are expected to improve
production efficiency and cost-effectiveness. Collaboration between research
institutions, universities, and industry players is playing a crucial role in
exploring advanced solutions, such as advanced electrolysis methods, innovative
materials, and integrated renewable energy systems. Thus, the growing demand for green ammonia from key industries, including
energy-intensive sectors such as petrochemicals, fertilizers, and heavy
manufacturing, is expected to propel the Middle East and Africa's green ammonia
market. The MEA region's abundant renewable energy resources, combined with
government commitments to sustainability and decarbonization, positions it as a
significant contributor to the global transition toward cleaner and more
eco-friendly energy sources. As the MEA region harnesses its renewable energy
potential and advances green ammonia technology, it is likely to emerge as a
key player in the global green ammonia market, contributing to a sustainable
and environmentally responsible energy future.
Financial and Regulatory
Support for Green Ammonia Projects is Expected to Propel the Middle East &
Africa Green Ammonia Market Growth
The
Middle East and Africa (MEA) region is witnessing a growing interest in green
ammonia projects, and one of the key factors expected to propel the region's
green ammonia market growth is the significant financial and regulatory support
provided by governments and relevant authorities. Green ammonia, produced
through the synthesis of ammonia using renewable energy, holds immense promise
as a sustainable and environmentally responsible energy carrier. The MEA
region, renowned for its abundant renewable energy resources, is
well-positioned to harness this potential, thanks to the supportive financial
incentives and regulatory frameworks in place.
Financial
support and incentives play a pivotal role in accelerating the adoption of
green ammonia in the MEA region. Governments in the region have introduced a
range of measures to encourage investments in renewable energy and green
ammonia production. These incentives include subsidies, grants, tax breaks, and
low-interest loans for green ammonia projects. These financial incentives reduce
the upfront capital costs associated with building green ammonia facilities,
making such projects more economically viable and attractive to investors. On
April 15, 2023, the Egyptian Cabinet issued three decrees facilitating the
inclusion of green hydrogen and ammonia projects in promotional initiatives.
Cabinet Decree No. 20 of 2023 mandates GAFI to collaborate with relevant
ministries for a decree outlining conditions to categorize a project as
strategic or national under Article 20 of the Investment Law. The decree
explicitly recognizes the production, storage, and export of green hydrogen and
green ammonia as integral to the state's economic development strategy.
Furthermore,
the MEA region is witnessing an influx of foreign investments and partnerships
in the green ammonia sector. These partnerships often involve international
corporations and financial institutions that are committed to supporting the
transition to sustainable energy solutions. Their investments contribute to the
development and expansion of green ammonia projects in the region, while also
fostering cross-border collaborations and knowledge exchange. In
addition to financial support, regulatory frameworks and policies in the MEA
region are being tailored to facilitate green ammonia production. Governments
are developing specific regulations and standards for the production,
transport, and utilization of green ammonia. These regulations ensure the
safety and environmental compliance of green ammonia projects, while also
creating a conducive environment for their growth. Moreover, regulatory bodies
are streamlining the permitting process for green ammonia facilities, reducing
bureaucratic hurdles and expediting project implementation. The
commitment of MEA governments to sustainability and climate action is a
fundamental driver of the supportive financial and regulatory environment for
green ammonia projects. Many countries in the region have set ambitious
renewable energy and emissions reduction targets, and green ammonia is seen as
a crucial tool in achieving these goals. Governments are dedicated to reducing
carbon emissions and are actively promoting the transition to cleaner energy
sources. Green ammonia's role in decarbonizing various industries, such as
petrochemicals and heavy manufacturing, is a major driver behind these
initiatives.
The
industrial sector in the MEA region is a significant beneficiary of green
ammonia and the financial incentives provided. Energy-intensive industries,
which have historically relied on fossil fuels, are now transitioning to green
ammonia as a cleaner and more sustainable energy source. By doing so, they can
meet environmental regulations and contribute to the region's commitment to a
greener and more sustainable energy ecosystem. This transition is supported by
the region's financial and regulatory mechanisms, which reduce the financial
burden of adopting green ammonia technologies. Research
and development initiatives in the MEA region are also advancing the green
ammonia sector. Investments in cutting-edge technologies and innovations in
ammonia synthesis processes are expected to enhance efficiency and
cost-effectiveness. Collaborations between research institutions, universities,
and industry players are actively exploring advanced solutions to accelerate
the adoption of green ammonia and improve its overall viability. Thus, the Middle East and Africa's green ammonia market is poised for
growth due to the robust financial and regulatory support provided for green
ammonia projects. Financial incentives, foreign investments, and partnerships
are reducing the financial barriers to entry, while tailored regulatory
frameworks ensure safety and environmental compliance. The region's commitment
to sustainability and climate action, coupled with the transition of
energy-intensive industries to green ammonia, positions the MEA as a key player
in the global shift toward cleaner and more eco-friendly energy sources. As the
region harnesses its abundant renewable energy potential and advances green
ammonia technology, it is likely to contribute significantly to the realization
of a sustainable and environmentally responsible energy future.
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Key Market Challenges
Competition from Other
Sustainable Alternatives Poses a Significant Obstacle to Market Expansion
Competition
from other sustainable alternatives, combined with high upfront costs, is
posing a significant obstacle to the expansion of the Middle East and Africa
(MEA) Green Ammonia market. Green ammonia, produced through the synthesis of
ammonia using renewable energy-generated hydrogen, is gaining attention as a
clean energy carrier and a way to reduce carbon emissions in the ammonia
production process. However, it faces competition from other sustainable energy
carriers and storage solutions like hydrogen and methanol.
The
initial investment required to establish green ammonia production facilities,
including renewable energy infrastructure, electrolyzers, and ammonia synthesis
equipment, can be substantial. This, coupled with competition from other clean
energy carriers, makes it challenging for green ammonia to gain a foothold in
the market. To
foster the growth of the MEA Green Ammonia market, stakeholders must work
collaboratively to reduce the upfront costs through financial incentives,
grants, and investment frameworks, thereby making green ammonia more
economically attractive. Additionally, raising awareness about the
environmental benefits of green ammonia as a clean fuel and fertilizer in
agriculture can help drive its adoption and market expansion in the region.
Lack of infrastructure
The
lack of infrastructure is a significant hindrance to the development of the
Middle East and Africa (MEA) Green Ammonia market. Green ammonia, produced
using renewable energy-powered electrolysis to generate hydrogen, has gained
attention as a sustainable fuel and feedstock for the future. However, the
establishment of a comprehensive infrastructure for green ammonia production,
distribution, and utilization remains a considerable challenge in the MEA
region. The
infrastructure for green ammonia involves the deployment of electrolysis
facilities, ammonia synthesis plants, and transportation and storage networks.
It also includes the integration of green ammonia into various industrial
processes, energy systems, and transportation. The high capital investment
required for building this infrastructure, coupled with the need for regulatory
frameworks and technical standards, complicates its development and deployment.
To
address this challenge and drive the growth of the MEA Green Ammonia market,
governments, private sectors, and international organizations must collaborate
to invest in the necessary infrastructure and create a conducive environment.
Building a robust infrastructure network is essential for the widespread
adoption of green ammonia and the realization of the region's sustainability
and decarbonization goals.
Key Market Trends
Growing Demand for Sustainable
Alternatives to Conventional Ammonia
The
Middle East and Africa (MEA) Green Ammonia market is witnessing significant
growth, driven by the growing demand for sustainable alternatives to
conventional ammonia production methods. This trend highlights the region's
commitment to environmental sustainability and the recognition of green ammonia
as a pivotal solution in addressing the challenges of traditional ammonia
production. Ammonia
is a key chemical compound with numerous applications, including fertilizers,
chemicals, and fuel. Conventional ammonia production relies on the
energy-intensive Haber-Bosch process, which uses natural gas as a feedstock and
emits substantial carbon dioxide (CO2) emissions, contributing to climate
change. The
demand for green ammonia, produced using renewable energy sources through a
carbon-free process, is rising rapidly. Green ammonia offers a sustainable and
environmentally responsible alternative, addressing the need for eco-friendly
ammonia production while reducing carbon emissions.
One
of the major applications of green ammonia is in the production of carbon-free
fertilizers. With the increasing emphasis on sustainable agriculture and
reduced environmental impact, green ammonia-based fertilizers are gaining
popularity. They allow farmers to enhance crop yields while minimizing the
carbon footprint of agricultural practices. Additionally,
green ammonia has potential as a clean energy carrier and a promising solution
for energy storage. It can be used in fuel cells to generate electricity, serve
as a clean energy source for transportation, and provide grid stability. The
demand for sustainable alternatives to conventional ammonia is reshaping the
MEA Green Ammonia market. Governments, industries, and agricultural sectors in
the region are actively investing in green ammonia projects, supporting
research and development efforts, and creating a favorable regulatory
environment to promote its adoption. As
the MEA region aligns with global sustainability goals and seeks to reduce
carbon emissions, the growing demand for green ammonia represents a pivotal
trend, fostering economic growth while advancing environmental responsibility
and sustainability in the region.
Increasing Investment in
Renewable Energy
The
Middle East and Africa (MEA) Green Ammonia market is experiencing substantial
growth, primarily driven by the increasing investments in renewable energy
sources within the region. This trend underscores the region's commitment to
sustainability, energy diversification, and the pivotal role that green ammonia
plays in advancing these objectives. Green
ammonia is produced through a process that utilizes renewable energy, such as
solar and wind power, to generate hydrogen and subsequently convert it into
ammonia. This eco-friendly approach significantly reduces carbon emissions
associated with traditional ammonia production methods, aligning with the
region's goals to combat climate change and transition towards cleaner energy
sources. The
MEA region, with its vast deserts and extensive coastlines, boasts abundant
renewable energy resources. Governments across the region have recognized the
potential of harnessing solar and wind energy for green ammonia production. As
a result, there is a growing influx of investments in renewable energy
infrastructure, including solar and wind farms, to power the production of
green ammonia. One
of the key drivers of these investments is the region's vision for a
sustainable and diversified energy mix. As a major player in the global energy
landscape, the MEA region is taking significant steps to reduce its dependence
on fossil fuels and promote green hydrogen and green ammonia as essential
components of the energy transition.
Furthermore,
green ammonia's versatility is a driving factor behind these investments. It
can be used as a carbon-free fuel, an energy carrier, and a feedstock for
various industries, including agriculture and chemicals. This flexibility makes
green ammonia a strategic choice for the region's energy and industrial needs. The increasing investment in renewable energy is a central trend
propelling the growth of the MEA Green Ammonia market. It not only enhances
energy security and diversification but also advances the region's commitment
to sustainability and green technologies, fostering economic growth while
addressing environmental concerns and climate change mitigation.
Segmental Insights
Production Method Insights
Based
on the production method, the Alkaline Water Electrolysis segment emerged as
the dominant player in the Middle East & Africa market for Green Ammonia in
2023. This can be driven by its cost-effectiveness, reliability, integration
with renewable energy, strong demand for green ammonia, potential for hydrogen
and ammonia export, government support, and its role in serving various
industrial sectors.
Alkaline
water electrolysis is known for its cost-effectiveness, making it an attractive
option for green ammonia production in the MEA region. This cost advantage is
especially important in regions where cost efficiency is a priority.
Alkaline
water electrolysis is a well-established and proven technology with a history
of reliable operation. This reliability instills confidence in investors and
project developers, driving its adoption in the MEA region.Alkaline
electrolyzers can effectively integrate with renewable energy sources like
solar and wind power. The MEA region has abundant solar and wind resources,
making it a strategic choice for green ammonia production via alkaline water
electrolysis.
Green
ammonia production relies on a source of green hydrogen. Alkaline water
electrolysis is a reliable and efficient method for producing green hydrogen,
which is then used as a feedstock for green ammonia synthesis. The MEA region
has significant demand for ammonia, particularly in sectors like agriculture
for fertilizer production and in various industrial applications. The ability
to produce green ammonia locally is a key driver for the adoption of alkaline
water electrolysis.
Green
hydrogen and green ammonia are valuable commodities for export. The MEA
region's geographic location and access to global markets position it as a
potential exporter of green ammonia produced through alkaline water
electrolysis. Some governments in the MEA region have taken proactive steps to
promote the development of green ammonia projects. Policy support, financial
incentives, and regulatory backing have favored the adoption of alkaline water
electrolysis for green ammonia production.
End Use Insights
Based
on the end use, the dominance of the power generation segment in the MEA market
for green ammonia is driven by its role in energy storage, renewable energy
integration, decarbonization efforts, energy export potential, and its
contribution to grid stability and energy security.
Green
ammonia has the potential to be used as an energy carrier and storage medium.
It can help stabilize energy grids, especially in regions with intermittent
renewable energy sources like solar and wind. Power generation applications
benefit from the flexibility of green ammonia in ensuring a stable and reliable
energy supply. The MEA region has significant renewable energy potential,
including abundant sunlight and wind resources. Green ammonia can play a
crucial role in storing excess energy generated from renewables during peak
production and releasing it during periods of high energy demand. This
integration supports the growth of the power generation sector and enhances its
reliability.
Many
countries in the MEA region have set ambitious decarbonization targets and are
seeking to reduce greenhouse gas emissions from power generation. Green
ammonia, as a clean energy carrier, aligns with these goals and serves as a key
element in transitioning to a low-carbon power generation sector. Green ammonia
can be converted back into hydrogen, which can be used in fuel cells or gas
turbines for power generation. The flexibility of green ammonia to produce
hydrogen for power generation applications is a driving factor for the
dominance of the power generation segment.
Some
countries in the MEA region are exploring the export of green ammonia as a form
of energy carrier. The power generation sector is integral in the production
and export of green ammonia, which positions the segment as a dominant player
in the global green ammonia trade.
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Regional Insights
Based
on the region, Saudi Arabia's dominance in the MEA market for green ammonia is
driven by its abundant renewable resources, strategic location, government
support and investments, ambitions for hydrogen and ammonia export, research
and development efforts, and alignment with sustainable development goals.
These factors collectively establish Saudi Arabia as the dominant player in the
green ammonia market in the Middle East & Africa. Saudi
Arabia benefits from abundant renewable energy resources, particularly in terms
of solar energy. The availability of these resources is a fundamental advantage
for green ammonia production through renewable energy-based electrolysis. Saudi
Arabia's strategic location provides proximity to key global markets and
trading routes. This makes it well-positioned to export green ammonia,
enhancing its prominence in the global green ammonia trade.
Saudi
Arabia's Vision 2030 plan includes a strong commitment to economic
diversification and sustainability. Green ammonia production aligns with these
objectives and is a central component of the country's strategy for the future.
The Saudi government has actively promoted the development of green ammonia
projects through policy support, investments, and incentives. This support has
accelerated the growth of the green ammonia sector in the country. Saudi Arabia
aims to become a significant exporter of green ammonia. Its geographic
location, commitment to green ammonia production, and access to global markets
position it as a dominant player in the export of green ammonia. Saudi Arabia has invested in research and development
to advance green ammonia production technologies and enhance the efficiency of
its production processes. These efforts have contributed to its leadership in
the green ammonia market. Green ammonia has applications in various industries,
including agriculture, energy, and chemical manufacturing. The diversity of
applications ensures strong and sustainable demand for green ammonia in the
country. Saudi
Arabia's focus on transitioning to a more sustainable and low-carbon energy
system has driven the adoption of green ammonia as an essential component of
the transition. This aligns with global efforts to reduce greenhouse gas
emissions.
Recent Developments
- In
2023, Poland-based Hynfra and Jordan-based Fidelity Group have teamed up to
form Jordan Green Ammonia. The new entity will develop a renewable ammonia
production facility with annual capacity in the range 100, 000 – 200, 000
tonnes. The facility will be located at the tip of the Gulf of Aqaba in the
Aqaba Special Economic Zone (ASEZ) in Jordan.
- NEOM
Green Hydrogen Company, a subsidiary of NEOM, a mega-city project in Saudi
Arabia, has signed a Memorandum of Understanding (MoU) with Air Products and
Chemicals, a global leader in industrial gases, to collaborate on the
development of a green ammonia production facility in NEOM. The project aims to
produce 1.2 million tonnes of green ammonia per annum, making it one of the
largest green ammonia facilities in the world.
- ADNOC,
Abu Dhabi National Oil Company, has announced plans to develop a green ammonia
production facility in Ruwais, Abu Dhabi. The project is expected to produce up
to 50,000 tonnes of green ammonia per annum, primarily for export to
international markets.
- Oman
Power and Hydrogen, a subsidiary of Oman Electricity Holding Company (OQ), has
signed an MoU with Hyphen Hydrogen, a South African-based company, to explore
the development of a green ammonia production facility in Oman. The project is
expected to produce up to 1 million tonnes of green ammonia per annum.
- Engie
Green Hydrogen Egypt, a subsidiary of Engie, a French energy company, has
secured financing for a green ammonia production project in Egypt. The project
is expected to produce up to 20,000 tonnes of green ammonia per annum,
primarily for domestic consumption.
- CWP
Renewables, a New Zealand-based company, has announced plans to develop a green
ammonia production facility in Morocco. The project is expected to produce up
to 100,000 tonnes of green ammonia per annum, primarily for export to
international markets.
Key Market Players
- AMEA
Power
- Hynfra and Amarenco MENA
- ACME Group
- Hive Energy
- TAQA and AD Ports Group
- NEOM Green Ammonia Co.
|
By Production Method
|
By End Use
|
By Country
|
- Alkaline Water Electrolysis
- Proton Exchange Membrane
- Solid Oxide Electrolysis
|
- Power Generation
- Transportation
- Fertilizers
- Others
|
- Saudi Arabia.
- UAE
- Egypt
- South Africa
- Qatar
- Kuwait
- Bahrain
- Morocco
- Algeria
- Turkiye
|
Report Scope:
In this report, the Middle East & Africa Green
Ammonia Market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- Middle East & Africa Green Ammonia Market, By Production Method:
o Alkaline Water Electrolysis
o Proton Exchange Membrane
o Solid Oxide Electrolysis
- Middle East & Africa Green Ammonia Market, By End Use:
o Power Generation
o Transportation
o Fertilizers
o Others
- Middle East & Africa Green Ammonia Market, By Country :
o Saudi Arabia.
o UAE
o Egypt
o South Africa
o Qatar
o Kuwait
o Bahrain
o Morocco
o Algeria
o Turkiye
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Middle
East & Africa Green Ammonia Market.
Available Customizations:
Middle East & Africa Green Ammonia market report
with the given market data, Tech Sci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Middle East & Africa Green Ammonia Market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]