dc.description.abstract | This thesis investigates the profitability of North Ammonia’s production of green ammonia for
shipping, focusing on key factors influencing its success. Green ammonia, recognised as a
promising candidate for decarbonising the shipping industry, is produced with zero emissions
using renewable energy sources. However, uncertainties surrounding future availability and
demand hinder its widespread adoption.
Using a conceptual framework and a case study research design, the thesis addresses the
problem statement by dividing it into three research questions, each covering a specific
dimension. Firstly, the macro environment is examined to determine the potential profitability
of green ammonia production in Norway. Political and technological factors are identified as
crucial in establishing the market and influencing profitability. While the potential market size
indicates profitability, several undetermined factors require clarification for a conclusive
assessment. Factors such as access to renewable energy, location, knowledge, and technology
are found to be influential. Furthermore, the study identifies access to renewable energy and
location as potential competitive advantages for North Ammonia if effectively leveraged. AWE
is determined to be the most economically viable electrolysis technology for the project, with
the choice between AWE and PEM having minimal impact on profitability. Energy prices are
identified as the most significant factor affecting production costs and, consequently, North
Ammonia’s project profitability.
This research contributes to the ongoing investigation of green ammonia as a shipping fuel,
focusing on the profitability of Norwegian production. The identified macro environmental
factors and North Ammonia’s resources provide valuable insights for a new and emerging
market. Further analysis of technology choices and production costs will enhance the
understanding of green ammonia production. However, it is important to note that the
conclusions drawn in this thesis are limited to the available data and require further research
for a comprehensive assessment. | |