Afc Energy Share Discussion Threads

[haggismchaggis] 21/9/2024 09:58

"Our member companies span the full value chain of ammonia energy, from decarbonized hydrogen and ammonia production, through safety, distribution, and trading, to power generation and energy storage. Our members include technology licensors, EPC firms, energy majors, maritime shipping lines, electricity and gas utilities, fertilizer producers, chemicals manufacturers, and project developers looking to produce future fuels."
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"What connects all of these companies is an interest in the decarbonization of ammonia production and its use as a sustainable energy commodity."
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Chemicals Manufacturers, as he says.

[haggismchaggis] 21/9/2024 09:41

"the global opportunity to displace fossil fuels in industry with ammonia is immense"
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And Mike is onto it!
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"2024 Annual Conference Updates
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Join the discussion at the AEA Annual Conference, where experts and first-movers in ammonia energy come together to share their knowledge and experiences. Focusing on the customer and the development of key demand centers for low-emission ammonia, the program features sessions that will explore important areas in greater depth."
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"2024 Annual Conference Speakers"
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"Mike Rendall, Chief Technology Officer – Ammonia Crackers & Hydrogen, AFC Energy"
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[haggismchaggis] 20/9/2024 14:31

"Hyamtec is set to transform the landscape of hydrogen production and storage, leveraging next-generation ammonia cracking advancements to deliver on-demand hydrogen at unprecedented efficiency and cost-effectiveness"
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"Hyamtec’s Impact
Hyamtec aims to fast-track the decarbonization of heavy industries, which account for over 60% of global emissions, by providing a viable solution where hydrogen is recognized as the clean fuel of choice. This includes industries like steel, cement, mining, and chemicals, where traditional hydrogen storage and transport solutions pose significant challenges."
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"Hyamtec’s modular ammonia cracking units offer a compact and efficient alternative, addressing these challenges head-on. “Hyamtec’s breakthrough in modular ammonia cracking technology is a pivotal moment for the hydrogen industry, presenting a cost-effective, scalable solution for green hydrogen production,” states Dr. Mike Rendall, Managing Director of Hyamtec."
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The company’s innovative approach includes:
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"Compact Design: Next-generation modular ammonia cracking units require minimal physical space, making on-site installation feasible."
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"Cost Efficiency: By significantly lowering production costs, Hyamtec makes hydrogen an economically attractive alternative to fossil fuels."
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"Versatile Integration: These units are designed to integrate seamlessly with ammonia combustion engines, providing immediate decarbonization solutions for power generation, marine, and mining sectors."
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"High-Grade Hydrogen Production: Capable of producing ISO Grade hydrogen without additional purification, Hyamtec’s technology meets the highest standards for fuel cell applications."
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"Sustainability: Utilizing renewable energy sources for ammonia processing enhances the environmental credentials of this technology."
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"A Transformative Step"
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"The introduction of Hyamtec signifies a significant advancement in the mission to decarbonize hard-to-abate sectors. Supported by AFC Energy’s team and cutting-edge technology, Hyamtec stands ready to unlock a cost-effective hydrogen value chain. Industry experts recognize this step as not only pivotal for hydrogen technology but also essential for achieving global net-zero targets."
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“Hyamtec is focused on fast-tracking the decarbonization of industry through ammonia and our ammonia cracking technologies,” Dr. Rendall explains. “With over £40 billion spent per annum on natural gas by industrial users in the UK alone, the global opportunity to displace fossil fuels in industry with ammonia is immense.”
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"The world watches with anticipation as Hyamtec prepares to announce its first commercial deals, heralding a new era in green ammonia and sustainable energy solutions."
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[haggismchaggis] 20/9/2024 14:12

"Hyamtec is set to transform the landscape of hydrogen production and storage, leveraging next-generation ammonia cracking advancements to deliver on-demand hydrogen at unprecedented efficiency and cost-effectiveness"
.
"Hyamtec’s Impact
Hyamtec aims to fast-track the decarbonization of heavy industries, which account for over 60% of global emissions, by providing a viable solution where hydrogen is recognized as the clean fuel of choice. This includes industries like steel, cement, mining, and chemicals, where traditional hydrogen storage and transport solutions pose significant challenges."
.
"Hyamtec’s modular ammonia cracking units offer a compact and efficient alternative, addressing these challenges head-on. “Hyamtec’s breakthrough in modular ammonia cracking technology is a pivotal moment for the hydrogen industry, presenting a cost-effective, scalable solution for green hydrogen production,” states Dr. Mike Rendall, Managing Director of Hyamtec."
.
The company’s innovative approach includes:
.
"Compact Design: Next-generation modular ammonia cracking units require minimal physical space, making on-site installation feasible."
.
"Cost Efficiency: By significantly lowering production costs, Hyamtec makes hydrogen an economically attractive alternative to fossil fuels."
.
"Versatile Integration: These units are designed to integrate seamlessly with ammonia combustion engines, providing immediate decarbonization solutions for power generation, marine, and mining sectors."
.
"High-Grade Hydrogen Production: Capable of producing ISO Grade hydrogen without additional purification, Hyamtec’s technology meets the highest standards for fuel cell applications."
.
"Sustainability: Utilizing renewable energy sources for ammonia processing enhances the environmental credentials of this technology."
.
"A Transformative Step"
.
"The introduction of Hyamtec signifies a significant advancement in the mission to decarbonize hard-to-abate sectors. Supported by AFC Energy’s team and cutting-edge technology, Hyamtec stands ready to unlock a cost-effective hydrogen value chain. Industry experts recognize this step as not only pivotal for hydrogen technology but also essential for achieving global net-zero targets."
.
“Hyamtec is focused on fast-tracking the decarbonization of industry through ammonia and our ammonia cracking technologies,” Dr. Rendall explains. “With over £40 billion spent per annum on natural gas by industrial users in the UK alone, the global opportunity to displace fossil fuels in industry with ammonia is immense.”
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"The world watches with anticipation as Hyamtec prepares to announce its first commercial deals, heralding a new era in green ammonia and sustainable energy solutions."
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[haggismchaggis] 20/9/2024 13:41

Sounds like Mike Rendall expecting some trials with big industry real soon. He mentioned Chemical companies.

[grabster] 20/9/2024 12:16

The Chemical Industries Association is a promotional body - a lobbying group paid for and campaigning on behalf of its members, applying pressure to politicians to favour its members. Which is fine, as long as viewers allow for a degree of selectivity in what it does or doesn't mention. ;-)

[haggismchaggis] 20/9/2024 11:20

Written evidence submitted to the UK Parliament by the Chemical Industries Association.
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About us
CIA is the organisation that represents chemical and pharmaceutical companies located throughout the UK. The UK chemical and pharmaceutical industries have a strong record as manufacturing’s number one export earner (on a value-added basis) and a provider of essential inputs to UK value chains. This includes products and technologies which are key enablers of climate change solutions.
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We therefore have a strong contribution to make both to rebalancing and greening the economy. However, the chemical industry is energy intensive, competes globally for market share and inward investment, and has already done much to improve the energy efficiency of our existing production assets. Our contribution is therefore critically dependent on secure and competitive energy supplies and carbon reduction schemes which do not leave us internationally exposed.
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Energy is our number one issue.
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Executive Summary
Hydrogen could play a pivotal role in eliminating the carbon footprint of energy and feedstock in the chemical sector.
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Our sector is already a significant participant in the hydrogen economy, we are both a major producer and consumer of hydrogen, and these roles will only become more important as we transition to net zero. A reliable and competitively priced hydrogen network in the UK would help to enhance the competitiveness of UK industry and would attract inward investment.
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The cost of hydrogen, as well as the energy-intensity of the industrial process and its exposure to international competition, will ultimately dictate whether UK industry can use hydrogen to reach net zero. The overall capital investment required to convert UK industrial sites and equipment is ~£3 billion.
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Under normal circumstances, securing capital to invest in fuel-switching would be difficult for chemical firms based in the UK. But these are not normal circumstances. Our manufacturers are faced with a new and uncertain trading regime, a pandemic, a deep recession and an energy transition which is driving up the price of UK energy relative to other manufacturing locations.
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To establish a successful hydrogen economy, the UK needs a long-term and flexible strategy that establishes the conditions needed to invest. This strategy should have at its heart: the cost of energy, security of supply, market competition and free trade, infrastructure planning, research and innovation, and demand-side measures.
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Utilising Ammonia with our Ammonia Cracker gets around all of the issues detailed above, it also allows the Chemicals Industry to start switching today by blending Hydrogen with Gas, then increasing the ratio of Hydrogen in the blend over time, enabling a seamless transition to 100 percent Hydrogen.
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And it'll cost a tiny fraction of the £3bn to do it.

[haggismchaggis] 20/9/2024 11:17

Written evidence submitted to the UK Parliament by the Chemical Industries Association.
.
About us
CIA is the organisation that represents chemical and pharmaceutical companies located throughout the UK. The UK chemical and pharmaceutical industries have a strong record as manufacturing’s number one export earner (on a value-added basis) and a provider of essential inputs to UK value chains. This includes products and technologies which are key enablers of climate change solutions.
.
We therefore have a strong contribution to make both to rebalancing and greening the economy. However, the chemical industry is energy intensive, competes globally for market share and inward investment, and has already done much to improve the energy efficiency of our existing production assets. Our contribution is therefore critically dependent on secure and competitive energy supplies and carbon reduction schemes which do not leave us internationally exposed.
.
Energy is our number one issue.
.
Executive Summary
Hydrogen could play a pivotal role in eliminating the carbon footprint of energy and feedstock in the chemical sector.
.
Our sector is already a significant participant in the hydrogen economy, we are both a major producer and consumer of hydrogen, and these roles will only become more important as we transition to net zero. A reliable and competitively priced hydrogen network in the UK would help to enhance the competitiveness of UK industry and would attract inward investment.
.
The cost of hydrogen, as well as the energy-intensity of the industrial process and its exposure to international competition, will ultimately dictate whether UK industry can use hydrogen to reach net zero. The overall capital investment required to convert UK industrial sites and equipment is ~£3 billion.
.
Under normal circumstances, securing capital to invest in fuel-switching would be difficult for chemical firms based in the UK. But these are not normal circumstances. Our manufacturers are faced with a new and uncertain trading regime, a pandemic, a deep recession and an energy transition which is driving up the price of UK energy relative to other manufacturing locations.
.
To establish a successful hydrogen economy, the UK needs a long-term and flexible strategy that establishes the conditions needed to invest. This strategy should have at its heart: the cost of energy, security of supply, market competition and free trade, infrastructure planning, research and innovation, and demand-side measures.
.

.
Utilising Ammonia with our Ammonia Cracker gets around all of the issues detailed above, it also allows the Chemicals Industry to start switching today by blending Hydrogen with Gas, then increasing the ratio of Hydrogen in the blend over time, enabling a seamless transition to 100 percent Hydrogen.
.
Written evidence submitted to the UK Parliament by the Chemical Industries Association.
.
About us
CIA is the organisation that represents chemical and pharmaceutical companies located throughout the UK. The UK chemical and pharmaceutical industries have a strong record as manufacturing’s number one export earner (on a value-added basis) and a provider of essential inputs to UK value chains. This includes products and technologies which are key enablers of climate change solutions.
.
We therefore have a strong contribution to make both to rebalancing and greening the economy. However, the chemical industry is energy intensive, competes globally for market share and inward investment, and has already done much to improve the energy efficiency of our existing production assets. Our contribution is therefore critically dependent on secure and competitive energy supplies and carbon reduction schemes which do not leave us internationally exposed.
.
Energy is our number one issue.
.
Executive Summary
Hydrogen could play a pivotal role in eliminating the carbon footprint of energy and feedstock in the chemical sector.
.
Our sector is already a significant participant in the hydrogen economy, we are both a major producer and consumer of hydrogen, and these roles will only become more important as we transition to net zero. A reliable and competitively priced hydrogen network in the UK would help to enhance the competitiveness of UK industry and would attract inward investment.
.
The cost of hydrogen, as well as the energy-intensity of the industrial process and its exposure to international competition, will ultimately dictate whether UK industry can use hydrogen to reach net zero. The overall capital investment required to convert UK industrial sites and equipment is ~£3 billion.
.
Under normal circumstances, securing capital to invest in fuel-switching would be difficult for chemical firms based in the UK. But these are not normal circumstances. Our manufacturers are faced with a new and uncertain trading regime, a pandemic, a deep recession and an energy transition which is driving up the price of UK energy relative to other manufacturing locations.
.
To establish a successful hydrogen economy, the UK needs a long-term and flexible strategy that establishes the conditions needed to invest. This strategy should have at its heart: the cost of energy, security of supply, market competition and free trade, infrastructure planning, research and innovation, and demand-side measures.
.

.
Utilising Ammonia with our Ammonia Cracker gets around all of the issues detailed above, it also allows the Chemicals Industry to start switching today by blending Hydrogen with Gas, then increasing the ratio of Hydrogen in the blend over time, enabling a seamless transition to 100 percent Hydrogen.
.
And it'll cost a tiny fraction of the £3bn to do it.

[haggismchaggis] 20/9/2024 11:06

Sounds like he's expecting some trials with big industry real soon.

[haggismchaggis] 20/9/2024 10:36

Troll alert!!

[grabster] 20/9/2024 10:15

Rob - this is an investors' website. The company has been losing money hand over fist. An operating loss of £20m last year needs to be bettered this year - (If what AFC told us ahead of 2024 is true, it will be of course - no panic). I guess most investors here are hoping (and believing) that 2023 was just another low point in the company's history and it will go from strength to strength once it pulls out of this latest dive. If it doesn't it's just another crash among the many. I've been following the hydrogen saga for 60 years. There have been more losers than winners - hence the big pinch of sceptical salt with which I view each exciting change of direction that a company announces. ;-)

[robrub] 20/9/2024 09:29

Ring Mike Rendal at AFC... if you are going to make public comments get yourself an education first..

[grabster] 20/9/2024 09:24

In this past few years great efforts have been made to produce ammonia in greener ways - but almost all of it is still a fossil fuels product with a HUGE carbon footprint.

Ammonia is flavour-of-the-month at AFC - I don't blame them for heading off down that pathway excitedly and using it to pull in investors who have lost faith in their main prospects - but it isn't going to win favour for long.

[zingaro] 20/9/2024 09:11

To me it's a distraction from making money ie profits from their fuel cell generators.

[vatnabrekk] 20/9/2024 09:05

In Germany they have had to stop running their hydrogen train because they cannot get supplies of hydrogen. If they had a cracker they would be able to produce their own hydrogen on site, assuming that they would be able to get supplies of ammonia of course!

[haggismchaggis] 20/9/2024 08:48

"Nature has given ammonia attributes that seem to make it a perfect commodity for a future hydrogen economy."."Ammonia has a higher energy density, at 12.7 MJ/L, than even liquid hydrogen, at 8.5 MJ/L. Liquid hydrogen has to be stored at cryogenic conditions of –253 °C, whereas ammonia can be stored at a much less energy-intensive –33 °C. And ammonia, though hazardous to handle, is much less flammable than hydrogen."."Furthermore, thanks to a century of ammonia use in agriculture, a vast ammonia infrastructure already exists. Worldwide, some 180 million metric tons (t) of ammonia is produced annually, and 120 ports are equipped with ammonia terminals.".hTTps://cen.acs.org/business/petrochemicals/ammonia-fuel-future/99/i8..

[haggismchaggis] 20/9/2024 08:43

Grabster = lying con man troll. Filter the crook.

[vatnabrekk] 20/9/2024 08:37

grabster:
"...ammonia (which takes up 6x the space of the hydrogen)?"

No it doesn't, it takes up less space than liquid hydrogen:

"Liquid ammonia has a volumetric hydrogen density that is about 45% higher than liquid hydrogen."

[grabster] 20/9/2024 07:17

;-)

"You make it sound like they need to park the Hindenburg in a garden shed"

Only because AFC Hyamtec themselves talk like it's a "crackers for all" world they are offering, in which enterprises much much smaller than the giants you name can avail themselves of the kit.

(I've not been to Dunsfold yet to look (a 300mile round trip each time) but have viewed it on video)

[robrub] 20/9/2024 05:31

Take a drive down to Dunsfold and look at the prototype cracker compound it's about half the size of a petrol forecourt.I'm damn sure ICI, British Steel, Blue circle Cement, BASF, Akzonobel etc can make room for Hyamtec at their vast production plants.You make it sound like they need to park the Hindenburg in a garden shed

[grabster] 19/9/2024 21:09

If the equipment that Hyamtec supply to the customer saves money by generating hydrogen at point-of-use, eliminating the storage and delivery cost of truck delivered hydrogen, it presumably requires the customer to have a suitable storage tank for the ammonia (which takes up 6x the space of the hydrogen)? And for that tank to be immediately adjacent to wherever the cracker facility is being operated? I look forward to asking the company about that in person but would be happy to be corrected here if I've got that wrong.

[haggismchaggis] 19/9/2024 20:18

BIG INDUSTRY, LARGE INDUSTRIAL PLANTS, WE CAN DO IT TODAY! (BRING IT ON!)
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Mike Rendall interview video transcript.
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BIG INDUSTRY is struggling to decarbonize and they're reliant on natural gas pipelines and natural gas. They want to move to alternative solutions, they want to move to hydrogen, but they just can't get hydrogen in the quantities that they need, it's SUCH A LARGE AMMOUNT that you require to decarbonize chemical plants or power generation.
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So what we've been looking at is we can create hydrogen on demand and simulate a gas pipeline using our ammonia cracking technology.
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Welcome back inside our proactive newsroom and joining me now is the managing director of Hyamtec, Doctor Mike Rendall and, this is a subsidiary of AFC energy and, doctor Rendall, good to see you, how are you?
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I'm doing great, thanks, thanks very much for asking.
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Yeah, good to have you along and, excited to learn about the the new subsidiary that you're now running. Tell me a little bit about the sort of the origins of the decision to make a subsidiary using the technology.
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Yeah, sure. So we started off our journey on Ammonia cracking about three and a half years ago at AFC energy and, originally it was to link it with a fuel cell so we could convert ammonia into hydrogen and then to convert the hydrogen to electrical power. But what we found, certainly more recently, is, the opportunities for making hydrogen are FAR GREATER or far in excess of, the opportunities that you can work with on just making the energy from the fuel cell.
.
So, we've been looking at exploring the markets where we could put our cracker technology to decarbonize heavy industry and that's the big goal here. BIG industry users. So, like chemical plants that consume up to 40% of the UK's natural gas. We can look to decarbonize using ammonia and hydrogen, so our technology leads into that really well and it's how we, why we decided to separate from the AFC energy part.
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Talk to me a little bit about about opportunity here. I was reading in the news release that the UK spending about $40 billion annually on natural gas. I mean, it sounds like this is,this is something that there's a lot of opportunity for with the company.
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Well, this is the actual main opportunity we're sort of targeting. I mean, big industry are struggling to decarbonize and they're reliant on natural gas, pipelines of natural gas. They want to move to alternative solutions. They want to move to hydrogen, but they just can't get hydrogen in the quantities that they need, it's such a large amount that you require to decarbonize chemical plants or power generation.
.
So what we've been looking at is we can create hydrogen on demand and simulate a gas pipeline using our ammonia cracking technology and, the fuel density of ammonia you can carry so much larger, which means it actually becomes a lot more straightforward to create hydrogen specifically for these industrial applications, without requiring a pipeline.
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AND WE CAN DO IT TODAY!, we've got the technology and we're looking at rolling out this into these large industrial plants for these tests and these trials RIGHT NOW.
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Will that be a big part of what the message will be from the company? Just about the ease of being able to transform what you're talking about, because I'm sure a lot of companies look at it going, like 'it's going to cost us like a lot of money to be able to do something like this'. But it sounds like you're saying the ease of your technology really makes it, sort of a first mover in this type of industry.
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Well, precisely. I mean, a lot of people, a lot of these big plants need to look at decarbonization, have to look at throwing away some of their major investments and what we're suggesting is you don't need to do that.
.
You can link our cracking technology, you can blend it with natural gas to start with, so you can already benefit from reduced emissions or reduce carbon by using hydrogen from cracked gas. Over time you can transition that to 100% hydrogen from cracked gas, without having to change a chemical plant and, so you're saving a vast amount of money on investments, on capital equipment. You're saving vast amounts of money not having to upgrade your electrical grid, because you don't need it.
.
So it's a lot more familiar to these industrial partners and that's what's the exciting piece and, that's where a number of our conversations are leading RIGHT NOW with potential people interested in taking our technology, is it's a really relatively straightforward way to adopt, and that's the beauty of our process.
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Absolutely. Very exciting times, for sure.
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Doctor Rendall, thank you so much, great to catch up with you. And congratulations on the new role, it sounds like it's VERY EXCITING!
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BRILLIANT! IT CERTAINLY IS, WE'VE GOT A LOT OF OPPORTUNITES THAT WE'RE FOLLOWING HERE, KEEP WATCHING!!
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All right. We will for sure.
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There's that doctor Mike Rendallm, he's the managing director for Hyamtec which is a subsidiary of AFC Energy
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[haggismchaggis] 19/9/2024 20:05

BIG INDUSTRY, LARGE INDUSTRIAL PLANTS, WE CAN DO IT TODAY! (BRING IT ON!)
.
Mike Rendall interview video transcript.
.
BIG INDUSTRY is struggling to decarbonize and they're reliant on natural gas pipelines and natural gas. They want to move to alternative solutions, they want to move to hydrogen, but they just can't get hydrogen in the quantities that they need, it's SUCH A LARGE AMMOUNT that you require to decarbonize chemical plants or power generation.
.
So what we've been looking at is we can create hydrogen on demand and simulate a gas pipeline using our ammonia cracking technology.
.
Welcome back inside our proactive newsroom and joining me now is the managing director of Hyamtec, Doctor Mike Rendall and, this is a subsidiary of AFC energy and, doctor Rendall, good to see you, how are you?
.
I'm doing great, thanks, thanks very much for asking.
.
Yeah, good to have you along and, excited to learn about the the new subsidiary that you're now running. Tell me a little bit about the sort of the origins of the decision to make a subsidiary using the technology.
.
Yeah, sure. So we started off our journey on Ammonia cracking about three and a half years ago at AFC energy and, originally it was to link it with a fuel cell so we could convert ammonia into hydrogen and then to convert the hydrogen to electrical power. But what we found, certainly more recently, is, the opportunities for making hydrogen are FAR GREATER or far in excess of, the opportunities that you can work with on just making the energy from the fuel cell.
.
So, we've been looking at exploring the markets where we could put our cracker technology to decarbonize heavy industry and that's the big goal here. BIG industry users. So, like chemical plants that consume up to 40% of the UK's natural gas. We can look to decarbonize using ammonia and hydrogen, so our technology leads into that really well and it's how we, why we decided to separate from the AFC energy part.
.
Talk to me a little bit about about opportunity here. I was reading in the news release that the UK spending about $40 billion annually on natural gas. I mean, it sounds like this is,this is something that there's a lot of opportunity for with the company.
.
Well, this is the actual main opportunity we're sort of targeting. I mean, big industry are struggling to decarbonize and they're reliant on natural gas, pipelines of natural gas. They want to move to alternative solutions. They want to move to hydrogen, but they just can't get hydrogen in the quantities that they need, it's such a large amount that you require to decarbonize chemical plants or power generation.
.
So what we've been looking at is we can create hydrogen on demand and simulate a gas pipeline using our ammonia cracking technology and, the fuel density of ammonia you can carry so much larger, which means it actually becomes a lot more straightforward to create hydrogen specifically for these industrial applications, without requiring a pipeline.
.
AND WE CAN DO IT TODAY!, we've got the technology and we're looking at rolling out this into these large industrial plants for these tests and these trials RIGHT NOW.
.
Will that be a big part of what the message will be from the company? Just about the ease of being able to transform what you're talking about, because I'm sure a lot of companies look at it going, like 'it's going to cost us like a lot of money to be able to do something like this'. But it sounds like you're saying the ease of your technology really makes it, sort of a first mover in this type of industry.
.
Well, precisely. I mean, a lot of people, a lot of these big plants need to look at decarbonization, have to look at throwing away some of their major investments and what we're suggesting is you don't need to do that.
.
You can link our cracking technology, you can blend it with natural gas to start with, so you can already benefit from reduced emissions or reduce carbon by using hydrogen from cracked gas. Over time you can transition that to 100% hydrogen from cracked gas, without having to change a chemical plant and, so you're saving a vast amount of money on investments, on capital equipment. You're saving vast amounts of money not having to upgrade your electrical grid, because you don't need it.
.
So it's a lot more familiar to these industrial partners and that's what's the exciting piece and, that's where a number of our conversations are leading RIGHT NOW with potential people interested in taking our technology, is it's a really relatively straightforward way to adopt, and that's the beauty of our process.
.
Absolutely. Very exciting times, for sure.
.
Doctor Rendall, thank you so much, great to catch up with you. And congratulations on the new role, it sounds like it's VERY EXCITING!
.
BRILLIANT! IT CERTAINLY IS, WE'VE GOT A LOT OF OPPORTUNITES THAT WE'RE FOLLOWING HERE, KEEP WATCHING!!
.
All right. We will for sure.
.
There's that doctor Mike Rendallm, he's the managing director for Hyamtec which is a subsidiary of AFC Energy
.

.

[haggismchaggis] 19/9/2024 19:46

There is already Green Ammonia available, loads more is on the way, for example from NEOM and Air Products whom AFC are well acquainted with.
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"An equal joint venture between ACWA Power, Air Products and NEOM, NGHC’s mega-plant will integrate up to 4GW of solar and wind energy to produce up to 600 tonnes per day of carbon-free hydrogen by the end of 2026, in the form of green-ammonia as a cost-effective solution for the transportation and industrial sectors globally."
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"15 Jul 2024 — More than $37 billion worth of investments in early-stage ammonia projects were confirmed and progressed at the Egypt-EU Investment Conference last month"
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"Green shift to create 1 billion tonne ‘green ammonia’ market?"
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"Green Ammonia Industry worth $6.2 billion by 2030"
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"Developers have announced a pipeline of 180 million metric tons of low-carbon ammonia plants that could be built by 2035"
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Blue Ammonia uses Carbon Capture And Storage, so is therefore an option for big industrial users to cut their CO2 footprint in the short term by changing from Natuaral Gas to Blue Ammonia.

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One thing you can be 100 percent sure of, is that AFC and Mike Rendall have done their homework and know where to get Blue or Green Ammonia from already. They wouldn't be creating a subsidiary and ploughing ahead with clients if there was no low CO2 Ammonia available to supply those clients with.

[jumpenjim] 19/9/2024 13:54

I hate to think what would happen to the share price if that was bad news this week

jj