Hintco GmbH has announced the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). The winning bidder, Fertiglobe, a partnership between ADNOC and OCI, is set to produce renewable ammonia for European ports starting in 2027 with a contract value of EUR 397 million. This initiative secures a potential supply of renewable ammonia, starting at 19,500 tons in 2027 and scaling up to 397,000 tons by 2033, contributing significantly to the decarbonization efforts in Europe and globally. The auction attracted interest from over 65 countries and 22 companies/consortia globally, indicating a growing market for renewable hydrogen. The auction also exemplifies the need for financial and procurement innovations in creating thriving markets. Fertiglobe will source renewable hydrogen from Egypt Green Hydrogen to produce renewable ammonia, furthering sustainable practices in the industry. The unsuccessful bids on renewable methanol and eSAF will see their funds reallocated to the renewable methanol lot, promoting economies of scale in the market.