The Global Green Ammonia Market is projected to grow by USD 3.21 billion, with a CAGR of 113.07% during the 2023-2028 period, as reported by Technavio. Factors such as the increasing focus on sustainable practices, the depletion of non-renewable resources, and heightened environmental awareness are driving this growth. The green ammonia production process utilizes electrolyzers that convert renewable energy into hydrogen, which is then combined with nitrogen to produce ammonia. This environmentally conscious production method is gaining traction in agriculture and energy storage, providing an innovative solution to reduce nitrogen emissions and support organic farming techniques.
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