Global agency Argus has launched a new price index to help companies trading low-carbon hydrogen-based products like blue ammonia in Europe.
The Argus EU Low-Carbon Ammonia Benchmark (EULAB) will track the true cost of delivering blue ammonia to the ports of Amsterdam, Rotterdam and Antwerp. This can help companies manage price risks and compare costs from different sources.
The EULAB index reflects the cost of blue hydrogen-derived ammonia, produced in the US Gulf Coast using natural gas with carbon capture and storage and shipped to Europe.
Argus highlighted sharp price swings in blue ammonia over the past year, with values fluctuating by 65%. In February alone, prices swung by €269 ($290) per tonne – underscoring the difficulty for companies to confirm contracts.
With the EU’s Carbon Border Adjustment Mechanism (CBAM) set to kick in next year, high-emission imports will come at a premium, potentially making low-carbon alternatives like blue ammonia more appealing.
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