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Signing up for Green Maritime Corridors
Article

In the few short weeks since we explored the concept & implementation of “Green Maritime Corridors” at Ammonia Energy, we’ve seen a flurry of significant players express their interest in the space. Here we explore announcements from the Castor Initiative, the European Green Corridors Network, and the news that Singapore will become a signatory to the Clydebank Declaration for Green Shipping Corridors.

Ammonia vessel updates: the Castor Initiative, MS Green Ammonia & post-Panamax bulkers
Article

Five ammonia vessel updates this week:

1. An ammonia/liquefied CO2 carrier concept design from Mitsui O.S.K. Lines & Mitsubishi Heavy Industries.

2. Approval in Principle for an ammonia-fueled car carrier designed by China State Shipbuilding.

3. Approval in Principle for the MS Green Ammonia.

4. An MoU between three members of the Castor Initiative to design & construct two Very Large Crude Carriers.

5. A concept design for up to four types of ammonia-ready, LNG-fueled vessels (ARLFV) from NYK Line.

AFC Energy: Power Tower & off road racing
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Two updates from AFC Energy:

1. The “Power Tower”, a 10kW, ammonia-fueled, off-grid power was launched last month, with Keltbray and Acciona to deploy modular units on construction sites mid-year.

2. The launch of Extreme-H off road racing, with green methanol and ammonia likely to act as hydrogen carriers for the hydrogen-fueled racing championship.

Ammonia energy financing update: March 2022
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This week we explore some recent funding announcements for ammonia energy:

  • New York-based Amogy receives backing from Amazon and the Empire State Development Fund.
  • Haldor Topsoe reaches an agreement with the European Investment Bank for a €45 million loan to support R&D initiatives.
  • Israel-based H2Pro closes a $75 million funding round to develop its proprietary water splitting technology.
  • Hy2gen closes a €200 million investment round for construction of its green e-fuel facilities, including two green ammonia projects in Norway and Canada.
  • and Australia-based Jupiter Ionics receives $2 million in government funding for development of its electrochemical synthesis technology.