Hy2gen and Trafigura will develop a study to quantify the infrastructure and production demands for green ammonia to decarbonize the shipping industry.
he study will consider the necessary aspects to enable large-scale commercial adoption, including the required quantities of green ammonia, and the transport and storage capacities that will be needed.
Building the infrastructure to enable an efficient supply chain that can deliver sufficient quantities of the 100 percent renewable and carbon free green ammonia to market will demand enormous commitments in production, infrastructure and shipping upgrades that the study aims to quantify
In addition, Trafigura recognized the potential of Hy2gen for the industrial production of greenhydrogen early on, and has been an investor in Hy2gen since 2019.
Furthermore, during June, 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.
Under their agreement, both sides will explore possible market opportunities on certain clean (green and blue) ammonia fuel infrastructure.