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still a great deal of excitement about these projects and the opportunities they will bring .
“ The Inflation Reduction Act has definitely worked as intended ,” Henrik continues , “ project money from all over the world is coming to the US . It has had a very positive impact on our business , we are growing at a very rapid rate thanks to all the new projects we are winning . At Topsoe , we firmly believe we have the best technology for blue ammonia and blue hydrogen at scale . Our customers and the market agree and that is why we have a very large success rate in these projects and see it as a huge part of our growth engine going forward .”
Henrik expands on the capabilities that make this possible . “ We have technology that is ideally suited to producing low-carbon ammonia and low-carbon hydrogen . As a technology licensor , we supply the know-how to our customers so they can build , own and operate the plants themselves , producing low-carbon hydrogen and ammonia for use across the globe and in countries that need decarbonized energy but don ’ t have the capabilities to sequestrate carbon dioxide . The Southern states here in the US have a geology that is excellent for this process , enabling us to capture more than 99 percent of the carbon dioxide coming from the natural gas being used .”
Henrik goes on to explain how the Topsoe business is meeting the increased demand for these technologies . “ For sustainable aviation fuel ( SAF ) for example , there are a number of technologies we can use . Topsoe ’ s licensees of renewable fuels technology in the US are now the leading producers of SAF from fats , oils , and grease . We also have technology to support several other ways of producing 144