Floating Blue Ammonia Production: Creating a Zero-Carbon Emission Fuel
Economic investment opportunities exist while transforming the global gas industry
January 15, 2021 /3BL Media/ - Today more than ever, there is strong economic incentive for decarbonization solutions.
Decarbonization efforts are gathering momentum across governments, big business and financial institutions around the world. The three largest importers of liquified natural gas (LNG) – China, Japan and Korea – have pledged to go carbon neutral no later than 2060, and many of the world’s largest and most influential corporations are actively setting ambitious net-zero targets.
Companies continue to seek out new, low- or zero-carbon investment opportunities. As of mid-2020, estimates peg the value of assets at more than US$40 trillion, driving investors to look for opportunities to invest in bankable decarbonization projects. This reflects a growing realization that to achieve these goals, the pace and scale of solutions needs to rapidly increase.
Golar, an industry leader in floating LNG, and Black & Veatch, a leader in oil, gas and chemical infrastructure, are building on their established relationship to accelerate the hydrogen economy and the low-carbon energy future. To learn more, download the newest joint report from Golar and Black & Veatch, Floating Blue Ammonia Production: Creating a Zero-Carbon Emission Fuel.
With decarbonization pledges and activities progressing, disruption of the world’s energy markets is inevitable and already in motion. Affordable, scalable energy alternatives to fossil fuels are emerging and financing is lining up to propel critical low-carbon infrastructure development. Goldman Sachs Group Inc. projects that in 2021 spending on renewable power alone will overtake that of oil and gas drilling for the first time and several utilities who have led the way in investing in renewables are emerging as what Bloomberg calls, “the clean supermajors.”
Hydrogen is a leading commodity in the quest for clean energy, but managing pure hydrogen poses multiple challenges. To learn more, download the report.
