The Global Green Hydrogen Based Ammonia Market was valued at USD 189.5 million in 2023 and is projected to reach USD 2.47 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 44.2% during the forecast period (2024-2030). This extraordinary growth is driven by accelerating decarbonization initiatives, technological advancements in electrolysis, and increasing adoption of ammonia as a clean energy carrier across industries.
As nations worldwide implement ambitious net-zero strategies, green ammonia is emerging as a critical solution for energy storage, shipping fuel, and fertilizer production. In this comprehensive analysis, we examine the Top 10 Companies leading the green ammonia revolution – from industrial gas giants to renewable energy innovators transforming this burgeoning sector.
🔟 1. Air Products
Headquarters: Allentown, Pennsylvania, USA
Key Offering: NEOM Green Hydrogen/Ammonia Megaproject
Air Products is developing the world’s largest $7 billion green hydrogen-to-ammonia facility in Saudi Arabia, capable of producing 1.2 million tons annually using renewable-powered electrolysis. The company operates across the entire ammonia value chain with extensive distribution infrastructure.
Key Developments:
- $15 billion committed to clean energy projects through 2027
- Pioneering blue and green ammonia transportation solutions
- Proprietary ammonia cracking technology development
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9️⃣ 2. Yara International
Headquarters: Oslo, Norway
Key Offering: Yara Clean Ammonia division
Yara operates commercial-scale green ammonia production in Norway and aims to supply 5% of global low-carbon ammonia by 2030. The fertilizer leader is converting existing facilities to run on renewable hydrogen.
Key Developments:
- 30% CO₂ reduction target across operations by 2030
- Pioneering ammonia fuel bunkering for maritime sector
- Strategic partnership with Linde for blue ammonia distribution
8️⃣ 3. CF Industries
Headquarters: Deerfield, Illinois, USA
Key Offering: Green ammonia production at Donaldsonville complex
CF Industries operates North America’s largest ammonia production facility and is investing in electrolyzers to produce carbon-free ammonia. The company is a key exporter of low-carbon ammonia to international markets.
Key Developments:
- $2 billion decarbonization investment program
- First U.S. blue ammonia shipments to Japan (2023)
- Partnerships with ExxonMobil for carbon capture solutions
7️⃣ 4. Siemens Energy
Headquarters: Munich, Germany
Key Offering: Integrated green ammonia plant solutions
Siemens combines its PEM electrolysis technology with ammonia synthesis expertise to deliver optimized production systems for the growing renewable ammonia market.
Key Developments:
- Developing 100MW+ electrolyzer systems
- Innovations in dynamic ammonia synthesis processes
- Key projects in Chile, Australia leveraging renewable energy
Download FREE Sample Report: Global Green Hydrogen Based Ammonia Market – View in Detailed Research Report
6️⃣ 5. Fertiberia
Headquarters: Madrid, Spain
Key Offering: HyDeal España project
Fertiberia is converting its 1 million ton/year ammonia production to green hydrogen through Iberia’s 3.6GW HyDeal initiative – Europe’s most ambitious renewable ammonia project.
Key Developments:
- First industrial-scale green ammonia producer in EU
- 62% CO₂ reduction target across operations by 2030
- Developing hydrogen distribution via ammonia cracking
5️⃣ 6. Iberdrola
Headquarters: Bilbao, Spain
Key Offering: Puertollano Green Hydrogen Complex
The energy giant operates Europe’s largest (20MW) green hydrogen facility for ammonia production, with plans for 15-fold capacity expansion to support fertilizer manufacturing and export markets.
Key Developments:
- €47 billion renewable energy investment plan through 2025
- Developing ammonia export infrastructure in Spain
- Strategic fertilizer industry decarbonization partnerships
4️⃣ 7. Asian Renewable Energy Hub (AREH)
Headquarters: Perth, Australia
Key Offering: 25GW renewables-powered ammonia complex
AREH’s planned Western Australia facility aims to produce 10 million tons/year of green ammonia for Asian markets using world-class solar and wind resources.
Key Developments:
- Potential to displace 50 million tons CO₂ annually
- Modular development approach for phased expansion
- Innovative hybrid renewable generation solutions
3️⃣ 8. Mitsubishi Corporation
Headquarters: Tokyo, Japan
Key Offering: Asia green ammonia infrastructure
Mitsubishi is developing Japan’s green ammonia import infrastructure and projects across Asia, focusing on marine fuel applications and hydrogen logistics via ammonia.
Key Developments:
- Pioneering ammonia co-firing in thermal power plants
- Developing ammonia-fueled vessel technologies
- Investing in electrolyzer manufacturing capacity
2️⃣ 9. thyssenkrupp Uhde
Headquarters: Dortmund, Germany
Key Offering: Complete green ammonia plants
The engineering leader provides turnkey solutions for green ammonia production (300-5,000 tpd), integrating its proprietary electrolysis and synthesis technologies.
Key Developments:
- Multi-gigawatt electrolyzer production capacity
- Innovations in flexible ammonia synthesis
- 100% renewable ammonia production systems
1️⃣ 10. Fukushima Renewable Energy Institute (FREA)
Headquarters: Fukushima, Japan
Key Offering: Advanced green ammonia research
Japan’s flagship 10MW hydrogen/ammonia research center develops next-generation production methods and applications as part of national carbon neutrality goals.
Key Developments:
- Advancing solid oxide electrolysis technologies
- Testing ammonia as direct fuel in gas turbines
- Optimizing renewable energy storage applications
Get Full Report Here: Global Green Hydrogen Based Ammonia Market – View in Detailed Research Report
🌍 Future Outlook: The Green Ammonia Economy Takes Shape
The green ammonia market is transitioning from pilot projects to commercial-scale operations as technology improves and policy support strengthens. Industry analysts project this sector will play a pivotal role in global decarbonization across multiple industries.
📈 Key Market Trends:
- 50+ megaprojects announced worldwide (>75 million tons/year capacity)
- Japan, South Korea and Europe driving import demand
- Maritime fuel regulations creating new demand channels
- Co-firing applications accelerating power sector adoption
Get Full Report Here: Global Green Hydrogen Based Ammonia Market – View in Detailed Research Report
The companies profiled represent the vanguard of an industry transforming ammonia from a fertilizer feedstock to a cornerstone of the clean energy transition.
