London, 11/12/2024 – Today, Freight Investor Services (FIS) is delighted to announce that the ICE Ammonia Outright – Argus Ammonia NWE CFR Future has surpassed the milestone of 25.000 tonnes traded.
Following the transactions this week, a total of 26.5kt has been traded.
Since the contract’s launch in January 2023, FIS has successfully facilitated every transaction on this contract, showcasing the desk’s expertise and solidifying its position as a leading player in the market.

Kieran Walsh, FIS Ammonia and Fertilizer Broker, said:

“We are pleased to celebrate the milestone of 25,000 tonnes traded on the ICE Argus Ammonia Outright (AOA) contract. As the sole broker for these transactions, we thank our clients—both longstanding partners and new entrants—for their trust and support in this exciting market. Ammonia’s role in the energy transition highlights its potential as a cornerstone of low-carbon energy solutions, and we are optimistic about the bright future for this product. This achievement builds on FIS’s long history of developing innovative derivatives markets, and we remain committed to driving progress and supporting the continued growth of ammonia trading.” 

Ammonia is gaining traction as a promising method in decarbonising energy sectors, due to its hydrogen-rich composition. Unlike fossil fuels, ammonia can be produced using renewable energy sources or through carbon capture and storage techniques significantly reducing its carbon footprint. It can be used directly as a fuel in power generation or as a hydrogen carrier, enabling efficient storage and transport of hydrogen for various applications.  Ammonia’s properties make it a key commodity in decarbonising sectors such as shipping, and industrial processes, contributing to global zero-carbon goals.

For further information on Ammonia trading, please contact the FIS Ammonia desk.

Contacts: 

Kieran Walsh – Kieranw@freightinvestor.com