Fertilizer Matters EP18: Carbon-adjusted price of ammonia

Hear analysis of Argus’ carbon-adjusted price of ammonia (CAPA) assessments, including what CAPA is and how it reflects the future impact of the carbon border adjustment mechanism (CBAM). The podcast explains Argus’ methodology for calculating CAPA and how it is being utilized by the market - including helping with risk management and evaluating how CAPA will impact and incentivise businesses.

Join Ruth Sharpe, Editor, Argus Ammonia and Andrea Valentini, VP, Business Development – Ammonia as they discuss CAPA and introduce our Japan and Korea Low-Carbon Ammonia Benchmark (JKLAB), in the latest episode of Argus’ Fertilizer Matters podcast series.

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Download our supporting guide to clean ammonia pricing. It includes:

  • What are the most likely clean ammonia pricing structures?
  • What is Carbon-Adjusted Price of Ammonia (CAPA)
  • CAPA and low-carbon price formation in Europe – and CAPA’s relevance beyond Europe
  • What is the Japan and Korea Low-Carbon Ammonia Benchmark (JKLAB)
  • How JKLAB can help potential offtakers in Japan and South Korea


Key topics covered in the podcast:

  • What is CAPA and how is it calculated?
  • How the price is being utilized by the market – and how will it help with risk management
  • Measuring carbon intensity
  • What is CBAM’s impact on existing ammonia prices?
  • What is the Argus Japan and Korea Low-Carbon Ammonia Benchmark (JKLAB)