Category: Chemicals
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The IRA 45V Incentive: A Catalyst for Renewable Hydrogen & Ammonia Production
The Impact of IRA 45V Tax Credits on Renewable Hydrogen & Ammonia Production in the US The US Inflation Reduction Act (IRA) has introduced significant incentives for renewable energy production. Among these, the 45V Hydrogen Tax Credit stands out as a pivotal tool aimed at boosting low-carbon hydrogen production. This tax credit is particularly geared…
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The Next Frontier to Produce Bio-Methanol
Methanol is one of the most important ‘primary’ chemicals – a precursor to several chemicals, plastics and materials used in a wide range of applications. It is also a key fuel and input to fuel additives today, and expected to be a critical marine fuel in the future. Given that majority of production of methanol…
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Transforming Ammonia Production
The Global Impact of Ammonia Production Ammonia, a colorless gas composed of nitrogen and hydrogen, is globally one of the most extensive produced chemical compounds worldwide. In 2022 alone, global production of ammonia was estimated at around 150 million metric tons. The same year, the chemical industry, including ammonia production, was responsible for approximately 1.3…