Ammonia-powered Viridis Bulk Carriers have signed another MoU with Stema Shipping, to join the Flexbulk – NH3 power consortium project.
Stema is joining the other 7 cargo owners Elkem, Vestkorn, Yara, BioMar, Franzefoss Minerals, Viken AT Market and Saltimport in the Flexbulk – NH3 power project.
The 8 charterers represent a significant cargo volume in the North European short sea bulk market. The underlying cargo volume from these 8 charterers provides excellent opportunity to optimize and increase productivity in the logistics chain.
The project has as a clear goal to reduce the cost impact of utilizing carbon free ammonia fuel, which may initially be more expensive than fuels used today.
Realization of the project will have a significant impact on local pollutants and global CO2 emissions from shipping, in addition to reducing value chain emissions for food, fish feed, metals, fertilizer, construction, and other industries which transport large bulk and special project cargo volumes.
Stema Shipping A/S is happy to announce that we decided to join the FlexBulk project – NH3 Power. With this opportunity we get a chance together with the project partners to be part of a very ambitious project to launch a fleet of zero emission short sea bulk carriers
says Jens Madsen, Head of Chartering at Stema Shipping, adding that “the program shows to be a great fit for Mibau Stema Group due to the trading area and our logistic terminal setup within same. Furthermore the project aim to reduce CO2 emissions in logistics, would be an important step towards Mibau Stema Group’s sustainability targets.“
