by Jim Lane (Biofuels Digest) A mere “The Year in Rewind” as we sail into 2021? Not the good ship Digest! Instead, we dust off our crystal ball and offer our predictions for the year ahead.
As the sunset of 2020 gives way to the dawn of 2021, once again roll the dice as we list the Digest’s 10 Top Advanced Bioeconomy Markets and Predictions for 2021. READ MORE
10. The Electrify Everything Movement Gains More Traction
With the election of Joe Biden to the U.S. Presidency, look for a coalition of auto makers, environmental groups and utilities to press for a series of measures to accelerate the conversion of transportation from Internal Combustion Engines (ICE engines) to electric motors. There are good energy efficiency reasons to quickly electrify transport, and good energy storage and “greening the grid” reasons to go slow. So, there will be pushback from oil & gas interests and those who don’t like the prospect of the $7500 per vehicle tax incentives being given to
From Norway comes word that Yara will build a 500,000 tonnes per year green ammonia production facility.
Against this backdrop, Yara announces plans to fully electrify its ammonia plant in Porsgrunn, Norway with the potential to cut 800,000 tons of CO2 per annum, equivalent to the emissions from 300,000 passenger cars.
Who is Yara?
Yara’s the world’s largest ammonia fertilizer company, has 16,000 employees and operations in over 60 countries, and revenues of USD 12.9 billion.
Ammonia – more than just a fertilizer or cleanser, it’s a hydrogen carrier
As Yara observed, “Ammonia’s chemical properties make it ideally suited for the hydrogen economy. It does not require cooling to extreme temperatures, and has a higher energy density than liquid hydrogen, making it more efficient to transport and store. Ammonia is therefore the most promising hydrogen carrier and zero-carbon shipping fuel.”