Hintco, a subsidiary of German government-backed hydrogen market maker H2 Global, has unveiled the terms to contract at least EUR 2.5 billion of renewable ammonia from a geographically-dispersed slate of international producers.
The main mechanism for the second H2Global auction is a series of regional competitions between prospective sellers from four potential production basins to secure contracts worth up to EUR 58.7 million per year for delivery into Germany. The four regional lots, supported by German government funds, could be delivered as hydrogen, ammonia or methanol.
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