This is the reason you and your BIL have to keep on eye on NHHH. There are huge margins for Moni!
Is ammonia the fuel of the future?
CF Industries is launching the first big green ammonia project in the US. Over the next 3 years, the company will spend $100 million to convert 20,000 t per year of conventional ammonia at its flagship plant in Donaldsonville, Louisiana, to green by installing electrolyzers. The electricity for the plant will be renewable power purchased from the grid.
By CF’s estimates, green ammonia will cost about $500 per metric ton to make, about three times as much as conventional ammonia. But the company estimates that it could fetch $2,200 per metric ton in the alternative energy marketplace, about eight times as much as conventional.
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