# Ammonia and Carbon dioxide

Their prices have moved together.

Source page: https://www.materialinsights.org/links/ammonia-and-carbon-dioxide/

[Ammonia](https://www.materialinsights.org/chemicals/ammonia/) (chemical) and [Carbon dioxide](https://www.materialinsights.org/chemicals/carbon_dioxide/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: by-product source

*Cost and price · Weak · Both ways*

Ammonia plants are a main CO2 source, so when high gas prices close them, as in Europe in 2022, CO2 gets scarce and dearer. The two can move in opposite directions: -0.09 monthly and -0.40 over the last five years.

- **-0.09** monthly change correlation
- **0.11** 12-month change correlation
- **0.76** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.