Yara to set up Scandinavian green ammonia shipping fuel network

OSLO, April 1 (Reuters)Yara from Norway YAR.OL and Azane Fuel Solutions have signed an agreement to create a Scandinavian network of bunker terminals to supply ships with carbon-free ammonia as a marine fuel, the companies announced on Friday.

They said the network will make ‘green’ ammonia – produced from renewable electricity – available to the region’s maritime industry by 2024, when the first ships with ammonia engines are expected to come on board. the market.

A hydrogen-carrying chemical primarily used as a fertilizer, ammonia is one of many candidates to become the shipping industry’s preferred carbon-free transportation fuel.

“These bunker terminals are key pieces of the puzzle that need to be in place to ensure a reliable and secure supply of ammonia as a zero-emissions fuel,” said Magnus Krogh Ankarstrand, Yara’s Clean Ammonia Unit Manager, in a press release.

Azane Fuel Solutions, a Norwegian ammonia bunker technology company that will design and build the terminals, last year received public funding for a pilot project to build the world’s first ammonia bunker terminal in Norway.

The terminals will be both land-based and floating, Yara said. It did not provide any details on the cost of the project or the number of terminals it planned to put in place.

Yara aims to reduce all CO2 emissions from its ammonia plant in Porsgrunn, southern Norway, by switching to renewable electricity using natural gas as a feedstock. It also has green ammonia projects in Australia and the Netherlands.

(Reporting by Victoria Klesty; editing by Barbara Lewis)

((victoria.klesty@thomsonreuters.com; +47 2331 6592; Reuters Messaging: victoria.klesty.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button