According to analysts, the global green ammonia market will grow by more than one billion dollars between 2022 and 2027, because the market demand for this green product is growing at a very fast pace.
Ammonia is currently produced from natural gas, and the production process emits 2 tons of CO₂ for every ton of ammonia. For this reason, ordinary ammonia is called grey ammonia. The current market volume is around 185 million tons worldwide. In the case of green ammonia, on the other hand, CO₂ is not emitted in the production process, and therefore its production volumes are expected to skyrocket in the near future, with green ammonia replacing grey ammonia and additionally being used for other purposes.
During the first stage OÜ Derivaat NH3 will invest around 70 million euros in the Paldiski plant. When the plant starts operating in 2026, it will create around 20 new jobs in the region. In addition, the plant will provide work for many more people daily – from transportation to provision of services.
For the city of Paldiski, the new plant is part of a bigger plan to transform from a small town into Estonia’s and Europe’s smart industrial centre and the epicentre of future industry. For the Derivaat NH3 team, the Paldiski plant is not the first such chemical industry project. The technology and design of the plant are developed and carried out in cooperation with a Ukrainian company that has more than 40 years of experience in the field of building ammonia plants.
