The pair have signed an agreement for the investment of $1.6 million for new ammonia storage facilities and import infrastructure on Korea’s southeast coast. Two large-scale tanks, new vessel berths and an offshore transfer pipeline will be capable of handling 1.25 million tons of ammonia throughput every year.
The pair will develop a “master plan” for production, transport and utilization of renewable ammonia to Japan, Singapore, and other APAC markets. The development progress of the renewable ammonia production ecosystem in India (and recent SECI auction results and project requirements) were explored at a recent World Bank webinar.
The outcome leaves the global shipping industry with a target to achieve net-zero emissions by 2050, but – for now – no detailed pathway to reach those targets. The result also leaves a certainty gap, delaying critical investment in zero or near-zero (ZNZ) fuels and propulsion technologies. Despite the setback, work on finer details and mechanisms to be included in the framework continued this week in London.
MISC and Samsung Heavy Industries have received Approval in Principle from Bureau Veritas for their new design of an ammonia fueled LR2 tanker, propelled by PEM fuel cell technology.
ITOCHU, TORAY and Uyeno Transtech have signed a joint development agreement for ammonia bunkering in Japan. Ship management company BSM will oversee the technical management of ITOCHU’s 5000m3 capacity newbuild ammonia bunkering vessel, set to be delivered to Singapore in 2027.
Derivaat NH3 plans to produce hydrogen and ammonia in Estonia via two projects. The first will be electrolysis-based, and powered by an under construction biogas power plant. Part of the produced ammonia will be used to power a rail ferry connecting Finland with Baltic countries using existing railway infrastructure.
The first two recipients in Japan’s long-term contracts for difference program for low-carbon hydrogen production have been announced. Resonac will produce hydrogen from used plastics and subsequently ammonia, with Japanese chemicals giant Nippon Shokubai to act as offtaker.
ABB will engineer and supply automation and electrification technology solutions for SwitcH2’s under-development floating production, storage and offloading (FPSO) vessel.
In our September Episode of Project Features, project partner Lapis Carbon Solutions and LSB Industries walk us through their CCS ammonia project in El Dorado, Arkansas. Permitting is expected to be finalized next year, followed by commencement of CCS operations in late 2026.
MOL has become the first shipping line and future fuel customer to join the Pilbara Clean Fuels Bunkering Hub initiative. MOL aims for its under-development, Capesize bulk carrier vessels to be bunkered in the Pilbara by 2030, servicing the iron ore supply corridor between West Australia and East Asia.