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Ammobia, Lummus Partner to Commercialize Ammonia Production System

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Ammobia, a California-based developer of low-cost, modular ammonia production technology, on Thursday said it has reached an agreement with Lummus Technology, a Texas-based provider of process technologies and energy solutions, to license and deploy its ammonia production system.

The partnership will result in the deployment of Ammobia's technology in commercial installations worldwide and its integration with Lummus' hydrogen portfolio, including marine fuels and energy storage and transport, the company said in a statement.

Ammobia's Haber-Bosch 2.0 process technology uses lower temperatures and pressures than conventional methods, cutting capital costs by up to 50% and production costs by 10%-30%, while using standard global manufacturing, the statement said.

Ammonia demand is growing beyond its traditional chemical uses, including in fertilizers, with production expected to rise 58% by 2033 amid increasing demand for maritime fuels and power generation.

The $87 billion global ammonia industry has the potential to grow to $370 billion by 2050, the statement said, citing S&P.

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Commodities

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Commodities

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