Tag: ammonia

Oceania Marine Energy and Kanfer Shipping AS have signed a Letter of Intent (LOI) to bring the world’s first ammonia-ready LNG bunkering vessel to Australia.

Eastern Pacific Shipping joined a study with NTU Singapore to explore the use of ammonia as an alternative marine fuel.

Industry players set up “Joint Study” framework for studying common issues on ammonia as an alternative marine fuel.

Trafigura and Yara International signed a Memorandum of Understanding to collaborate on the development and promotion of the use of ammonia as a marine clean fuel.

Amid a growing discussion on ammonia as an attractive fuel solution to decarbonization, Japanese entities NYK Line, Nihon Shipyard, and ClassNK inked a MoU with Yara International to jointly study the practical application of an ammonia-fueled ammonia gas carrier that uses ammonia as its main fuel.

A newly-established Nordic Green Ammonia-Powered Ship (NoGAPS) consortium revealed that green ammonia holds potential to play a significant role in decarbonizing maritime transport if investors and operators are presented with a credible business model.

Talking about the future of decarbonization in shipping, Soren Skou, CEO of A.P. Moller Maersk believes that the solution could be a methanol-ammonia combination.

Khalifa Industrial Zone Abu Dhabi (KIZAD) announced the formation of a green ammonia production facility, targeting regional and international markets.

HMM has signed a memorandum of understanding (MoU) with LOTTE Fine Chemical, Lotte Global Logistics, POSCO, Korean Register (KR), and Korea Shipbuilding & Offshore Engineering (KSOE) to seek feasible solutions on the green ammonia supply chain.

Ammonia and hydrogen are considered as the main marine fuels, in case the world reaches net-zero in 2050, thus accounting for around 60% of the market, while ammonia will occupy the largest share, said the International Energy Agency (IEA).