A shortage of nitrogen fertiliser due to soaring natural gas prices is threatening to reduce global crop yields next year, CF Industries, a major producer of the crop nutrient, said on Thursday. European gas prices have jumped amid high demand, as economies recover from the pandemic and with below-average gas storage levels at the start of the winter heating season. Natural
A shortage of nitrogen fertilizer due to
soaring natural gas prices is threatening to reduce global crop
yields next year, CF Industries, a major producer of the crop
nutrient, said on Thursday. . | November 4, 2021
Facing green push on farm, fertilizer makers look to sea for growth
2/15/2021
Two of the world s biggest fertilizer producers, CF Industries Holdings Inc and Yara International Asa, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the United States and Norway to produce clean energy to power ships.
The consumption of oil for transportation is one of the top contributors to global greenhouse gas emissions that cause climate change, and fertilizer producers join a growing list of companies adjusting their business models to profit from a future lower-carbon economy.
By altering the production process for ammonia normally used for fertilizer, the companies told Reuters they can produce hydrogen for fuel or a form of carbon-free ammonia used either as a carrier for hydrogen or as a marine fuel to power cargo and even cruise ships.
Facing green push on farm, fertilizer makers look to sea for growth
Two of the world’s biggest fertilizer producers, CF Industries Holdings Inc and Yara International Asa, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the United States and Norway to produce clean energy to power ships.
The consumption of oil for transportation is one of the top contributors to global greenhouse gas emissions that cause climate change, and fertilizer producers join a growing list of companies adjusting their business models to profit from a future lower-carbon economy.
By altering the production process for ammonia normally usedfor fertilizer, the companies told Reuters they can producehydrogen for fuel or a form of carbon-free ammonia usedeither as a carrier for hydrogen or as a marine fuel topower cargo and even cruise ships.