Iberdrola and fertilizer producer Fertiberia will launch a 100 MW green ammonia project in Puertollano, Spain. Estimated at $175 million, the 100 MW photovoltaic plant will produce green hydrogen, which Fertiberia will then combine with nitrogen at its existing fertilizer plant to produce ammonia – despite the scale of the project, Fertiberia estimates that it will reduce its natural gas consumption by only 10%. As an existing market for hydrogen, fertilizer plants offer ideal opportunities for near-term deployment of electrolysis projects. There is still a lack of financial incentives for low-carbon fertilizers, but fertilizer companies – especially in Europe – will be swept up by the momentum in decarbonization and will have to adapt.
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