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Impact of pre-certification on project finance
Article

Impact of pre-certification on project finance

Geofrey Njovu November 26, 2023

In this session at our 2023 annual conference, panelists discussed how unified certification will help solve the chicken and egg relationship between offtake and project development. Moderated by Vibeke Rasmussen from Yara, the discussion featured Ed Davis from the Loan Program Office (US DoE), Tomoaki Ichida from Mitsui OSK Lines, Oleksiy Tatarenko from RMI and Dolf Gielen from the World Bank Group.

Long-term offtake will be made easier with unambiguous, harmonised certification standards, which will in turn have a positive impact on ammonia projects reaching financial close. Certification schemes like the one under-development by the AEA are sorely needed to break the impasse between project development and offtake.

Scaling clean ammonia: a World Bank perspective
Article

Scaling clean ammonia: a World Bank perspective

Geofrey Njovu November 26, 2023

To scale clean ammonia production from 1.4 million tonnes under construction today to the projected 269 million tonnes needed by 2030, key risks including offtake, uncertain price and demand need to be addressed. Potential solutions include technological innovation, a clear mapping of supply and demand, and harmonised standards and certification. Learn more about our 2023 annual conference keynote featuring Dolf Gielen from the World Bank.

Ammonia bunkering in Egypt & beyond
Article

Ammonia bunkering in Egypt & beyond

Geofrey Njovu November 09, 2023

ITOCHU & Orascom Construction have partnered to develop an ammonia bunkering hub at the Suez Canal in Egypt. In other news, Fertiglobe and AD Ports Group will leverage the latter’s logistics expertise and infrastructure in the UAE to strengthen Fertiglobe’s ability to store and transport ammonia & urea.

IMO progresses on guidelines for ammonia fuel
Article

IMO progresses on guidelines for ammonia fuel

Julian Atchison November 07, 2023

The IMO reports that significant progress has been made on the development of draft interim guidelines for the safety of ships using ammonia as fuel. Approval of the final guidelines is scheduled for December 2024, with a series of key regulatory updates due in the coming years.

We do it safely, or not at all: the marine ammonia fuel journey
Article

We do it safely, or not at all: the marine ammonia fuel journey

Sofia Furstenberg Stott November 04, 2023

In our latest episode of Maritime Ammonia Insights, Matt Dunlop (MMMZCS) and Samie Parkar (Lloyd’s Register’s) stepped us through key outcomes of a new, comprehensive safety study for ammonia-fuelled shipping. Combining Quantitative Risk Analysis with Human Factors analysis, a series of risk mitigation & worker training recommendations provides a path forward for the safe operations of ammonia-fuelled vessels.