Argus, a global energy and commodity price reporting agency, has launched the Argus EU Low-carbon Ammonia Benchmark (EULAB) to facilitate trading of low-carbon ammonia products in Europe. This index, focusing on mass-balanced 'blue' ammonia delivered to ARA ports, aims to assist companies align with the incoming CBAM regulation in the EU. The rise of blue ammonia production in the US, anticipated to serve European markets for marine fuel and power, highlights the significance of low-carbon options in the energy sector. European subsidies for 'green' products are prompting a move towards blue ammonia imports, which can be utilized as marine fuel, power generation, or split into hydrogen and nitrogen for other applications. The EULAB index, offering transparency and adaptability in pricing, is poised to become an essential market reference, reflecting the fluctuating nature of ammonia costs. This launch follows the successful introduction of the JKLAB index in Japan and Korea, further expanding Argus' suite of ammonia and hydrogen price assessments globally. The EULAB index's flexibility to adjust for varying production technologies' carbon intensity solidifies its role in establishing fair pricing mechanisms for low-carbon ammonia products.