Green Ammonia - $AMMP Ammonia production currently accounts for nearly 1.8% of global CO2 emissions. With climate change on the horizon, companies have begun to research new ammonia production methods, decarbonizing it to create what we call “green” ammonia. $AMMP is one of those companies.
A new study found that in 2019 revenues for green ammonia were around $13M. By 2028 it's estimated that the total revenues will reach $850M with a CAGR of 62.84% from 2021-2028.
https://www.google.ca/amp/s/finance.yahoo.com/amphtml/news/850-million-green-ammonia-markets-095300676.html
Many companies and governments have also shown interest in acquiring green ammonia due to pressure from climate change. $AMMP recently secured an MOU with Brazil’s newest deep-water port, Porto Central.
- AmmPower will deliver its green ammonia technology to help with energy solutions, including green ammonia to be used for shipping fuel. Its liquid bulk terminal will allow AmmPower to move clean hydrogen and ammonia throughout the region where necessary. Porto Central will also serve as an energy hub and will work with AmmPower to deliver electricity to the national/international grid.
- Additionally, $AMMP recently announced that they've opened the manufacturing facility in Michigan.
They're finally moving along with their research. Now that they have a larger facility to study new methods of synthesizing ammonia and hydrogen, I expect many good things to come. Only a $24M market cap here!