The Argus Japan Korea Low-Carbon Ammonia Benchmark (JKLAB) provides an all-in CFR cost of delivering low-carbon ammonia to Japan or Korea from the US gulf region.

 

JKLAB is: 

  • Designed to be referenced in offtake agreements.
  • A specific decarbonised ammonia benchmark, rather than a reference to fossil fuels, or fertiliser-demand driven unabated ammonia markets.
  • Compliant with import requirements for carbon intensity in both Japan and Korea.
  • Free from discounts or other cost adjustment factors agreed between buyers and sellers. 

 

JKLAB is published in the Argus Hydrogen and Future Fuels service, which contains over 800+ mass-balanced production costs, capacity databases, global news and analysis, and much more. 

 

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JKLAB Methodology

JKLAB reflects US gulf coast production via Autothermal Reformation (ATR) of Henry-Hub priced natural gas with carbon capture and storage (CCS) at CAPEX and OPEX at 1.1mmtpy scale. It is an all-in cost, capturing the natural gas, power and carbon capture and storage, as well as the weighted cost of capital (WACC) for a selection of oil and gas and fertiliser companies. It also includes the cost of freight voyages between the US and Japan and Korea, as well as printing both including and excluding the effects of the IRA act’s 45Q subsidies. 

 

View full methodology >>

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Argus Hydrogen and Future Fuels

The Argus Hydrogen and Future Fuels Service provides an authoritative view on hydrogen and derivative product markets including: 

  • News on policy, technology and industry 
  • 800+ mass-balanced production costs 
  • Capacity databases 
  • High-quality analysis   
  • Japan Korea Low-Carbon Ammonia Benchmark (JKLAB) 

Get a free report and request a trial >>

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Argus Low Carbon Hydrogen Strategy Report (Asia-Pacific and the Middle East) 

In-depth analysis of the key sectors, countries and policies enabling hydrogen growth in Asia-Pacific and the Middle East. 

  • Fundamentals to 2050 
  • Demand sectors coverage 
  • Green and blue projects 
  • Breakeven price analysis 

View table of contents, report sample and demo video >> 

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Argus Low Carbon Hydrogen Strategy Report (Europe and Africa) 

In-depth analysis of the key sectors, countries and policies enabling hydrogen growth in Europe and Africa. 

  • Fundamentals to 2050 
  • Demand sectors coverage 
  • Green and blue projects
  • Breakeven price analysis 

View table of contents, report sample and demo video >> 

About Argus 

Headquartered in London with over 1,400 staff, Argus is an independent media organisation with 30 offices in the world’s principal commodity trading hubs. 
 
Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy. 
 
Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.