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Ammonia technology portfolio: optimize for energy efficiency and carbon efficiency

Earlier this month, I had the pleasure of speaking at the International Fertilizer Association's (IFA) conference on the subject of Innovations in Ammonia. A key point was the benefit of technology diversification: as with any portfolio, whether an investment account or a global industry's range of available technologies, concentration in any area represents risk, and diversification represents resiliency. Unfortunately, the ammonia industry has grown highly concentrated, and its dependency upon one technology and one feedstock represents significant risk in tomorrow's markets. This article features five charts that aim to demonstrate why energy efficiency is insufficient as the only measure of technology improvement, why it is better to optimize instead of maximize, and why market evolution is necessary to support investment decisions in sustainable ammonia synthesis technologies.

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Carbon Pricing and the Economics of Green Ammonia

The United States Senate is expected to open confirmation hearings for Secretary of State nominee Rex Tillerson on January 11. Tillerson, newly retired from Exxon Mobil, became the chief executive officer of that company in 2006. He has attracted many labels since his nomination was announced, but “climate denier” is not among them.