Chevron Shipping Company LLC and the Angelicoussis Group, announced last week a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel.
The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next generation vessel requirements and a preliminary system to transport ammonia between the U.S. Gulf Coast and Europe. Future opportunities will focus on additional global markets.
Through collaborating with Chevron Shipping Company on this study, we aim to make a meaningful contribution to prepare our industries for the transition towards lower carbon operations
…said Maria Angelicoussis, CEO of the Angelicoussis Group.
As Stelios Troulis, Green Ships and Energy Transition Director for the Angelicoussis Group said, ammonia has potential as a hydrogen vector and is considered one of the alternative fuel options to decarbonize shipping. The hope this study will contribute towards identifying the technical, operational and commercial challenges of carrying ammonia at scale and using it as a fuel in a safe and sustainable way.
We are pleased to collaborate with the Angelicoussis Group on this study, help advance lower carbon energy at scale and progress marine transportation of ammonia
…said Mark Ross, President of Chevron Shipping Company
Chevron is leveraging its international functional marine expertise and collaborating with the Angelicoussis Group to pursue the delivery of lower carbon proof points to the market
…said Austin Knight, Vice President, Hydrogen, Chevron New Energies.
