Industries

In 2021, hydrogen demand for ammonia production was ~34 Mt, for methanol was ~15 Mt and for DRI in the steel industry, demand was ~5 Mt. Considering current trends and announced policies, global hydrogen demand in these segments is expected to increase by 11 Mt by 2030 (see Figure 7).

Figure 7: Global hydrogen demand in industries, 2015-2030

(Source: IEA 2022- Global Hydrogen Review)

 The demand for green ammonia primarily stems from fertilizer segment and there are some other uses such as power generation and shipping. Ammonia (NH₃) is also considered as a good medium for storing GH. NH₃ is a highly versatile fuel for transition to a carbon free economy.