ET Highlights: Indian fertilizer firms secure renewable ammonia, ING says energy transition funds plentiful, Norway's Horisont to cease operations

Energy transition highlights: Our editors and analysts bring together the biggest stories in the industry this week, from renewables to storage to carbon prices.

Top story

India's renewable ammonia auction series sees lowest bid at Rupees 49.75/kg by ACME

India's renewable ammonia auction series saw the lowest bid so far at Rupees 49.75/kg, or approximately $569/mt, by ACME Cleantech Solutions for supplying to Indian Farmers Fertilizer Cooperative (IFFCO), in what could serve as a new benchmark for the domestic market and also be a point of reference for the global trade which is in the midst of conducting procurement tenders.

The auction, ninth in a series of 13, is part of the Strategic Interventions for Green Hydrogen Transition program under India’s Rupees 197.44 billion ($2.37 billion) National Green Hydrogen Mission, designed to support the development of a renewable hydrogen economy, and also get a toehold in the future international trade of clean fuels.

“The bidding interest continues to remain strong,” an industry participant, close to the bidding process, told Platts, a part of S&P Global Energy. The auctions, which are being conducted by Solar Energy Corporation of India, will conclude on Sept. 29. In total, the auctions will see a capacity of 724,000 mt/year of renewable ammonia being awarded.

Of this, IFFCO’s Paradeep unit in Odisha, which has a capacity of 4.34 million mt/year of fertilizers, will take delivery of 100,000 mt/year of renewable ammonia.

SPGlobal.com

Energy transition capital plentiful even as investors reassess: ING

Energy transition investments are entering a phase of realism amid mounting concerns over project delivery and technological challenges, but funding remains plentiful, according to ING Bank. While international oil companies and utilities have cut spending on renewables, they are not giving up on the energy transition but rather recalibrating strategies, ING's global head of energy, Michiel de Haan, told Platts in an interview, terming the quantum available for clean energy funding as “enormous.”

States can help US industry compete globally via decarbonized processes: experts

US states can use regulations, incentives and technical support to facilitate decarbonization of their industrial sectors to help them compete in a world economy increasingly focused on mitigating climate change, according to experts. As the global demand for clean technologies and low-carbon products grows, the US industry must adapt to stay competitive, and in order to do so, that means transitioning to cleaner heat sources, Elina Vanuska, industrial decarbonization fellow at the Renewable Thermal Collaborative, a coalition of companies, institutions and governments, said.

S&P Global Energy Core

Norwegian CCS, blue ammonia developer Horisont to cease operations

Norwegian carbon capture and storage and low-carbon ammonia project developer Horisont Energi is to wind down its operations, after failing to secure new financing to keep the business going. The company, which spun off its Barents Blue low-carbon ammonia project earlier in 2025 into a separate entity, said a “lack of commercial breakthroughs” across its core projects meant it was now focused on an “orderly wind-down of day-to-day operations, and to focus work on realization of value related to IP, technology, concepts, projects and other assets.”

Thyssenkrupp completes pre-FEED for Australia renewable fuels project

Germany's Thyssenkrupp Uhde has completed the pre-front-end engineering design phase for HAMR Energy's Portland Renewable Fuels Project in Victoria, Australia, marking a step toward establishing the country's low-carbon liquid fuels industry. HAMR Energy's project will convert biomass residue and renewable electricity into renewable methanol, which can fuel shipping or be refined into sustainable aviation fuel, using its proven capabilities in process engineering, technology integration and project execution, it said.