Global agency Argus has unveiled the Argus EU Low-Carbon Ammonia Benchmark (EULAB) to track the cost of delivering blue ammonia to key European ports. This index aims to assist companies trading low-carbon hydrogen-based products, like blue ammonia, by providing insights into price fluctuations and aiding in risk management. EULAB specifically focuses on the expenses associated with blue hydrogen-derived ammonia produced in the US Gulf Coast and transported to Europe. Argus emphasized significant price swings in the blue ammonia market, with values varying by 65% in the past year and a notable €269 ($290) per tonne shift in February alone, showcasing the challenges companies face in contract negotiations. The impending EU Carbon Border Adjustment Mechanism (CBAM) is expected to elevate the cost of high-emission imports, potentially making environmentally friendly options such as blue ammonia more appealing. This initiative signals a growing focus on sustainable energy solutions in the trading sector, with companies increasingly considering low-carbon alternatives to navigate evolving market dynamics.