Steady Growth Seen in Green Ammonia and Green Methanol Investments

NEW DELHI--September 18, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The climate crisis has created an urgent need to transition away from traditional fossil fuels and toward more sustainable options among industry players. As the world seeks solutions to combat climate change, green ammonia and green methanol are emerging as promising alternatives for a low-carbon future.

According to a 2021 report by the International Energy Agency (IEA), hydrogen-based fuels, especially ammonia, must contribute nearly 30% of transport fuels by 2050 as part of the efforts to achieve zero emissions by that year.