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Based on their analysis, UMAS and the University College of London conclude that scalable e-fuels like ammonia and methanol) have the highest potential to meet shipping’s new decarbonization targets, but that the next decade is critical to ensure supply chains are ready to supply these fuels. Ammonia-LNG dual-fuel vessels represent the lowest-risk, cheapest decarbonization option to the mid 2030s.

Winners of 2nd EU Hydrogen Bank auction announced
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Winning projects in the second round of the EU Hydrogen Bank auction have been announced. Requesting production subsidies similar to first round winners, fifteen renewable hydrogen projects will be funded over ten years, including two ammonia projects led by IGNIS in Spain. A third auction round is set to launch later this year.