Green Ammonia Could Become Top Side Bet for Oil Majors

The world’s biggest oil and gas firms are pouring billions of U.S. dollars into projects to produce low-carbon ammonia, a chemical critical for fertilizers that also has the potential to become a clean fuel, including in the shipping industry. Some major green ammonia projects have been announced in the United States in recent months, while the U.S. Department of Energy (DOE) is also providing loan guarantees to help finance such projects planned to produce green ammonia for farmers in the Midwest. Green Ammonia Potential Ammonia, the key…