EXMAR launches its first ammonia-fueled vessel
Hull No.8389 is the first of four 46,000 m3 mid-sized gas carrier vessels being constructed in South Korea for EXMAR, with formal delivery on track for 2026.
Hull No.8389 is the first of four 46,000 m3 mid-sized gas carrier vessels being constructed in South Korea for EXMAR, with formal delivery on track for 2026.
Following the then-record delivery price submitted in early August, Jakson Green has now committed to supply 85,000 tons per year of renewable ammonia over a ten-year fixed contract, with a fixed delivery price of approximately $580 per ton. Three more price discovery data points were also announced last week, meaning we now have six of the thirteen subsidy winners announced.
Wärtsilä has supplied a new advanced simulation suite for the Akademi Laut Malaysia (ALAM) maritime training institute, featuring dual-fuel simulator technology and training for methanol and ammonia fuels across different engine types. In Kochi, India, Bernhard Schulte Shipmanagement (BSM) has just launched its first methanol bunker simulator, with an ammonia version to follow in early 2026.
Located in Yanbu, a strategically-positioned port city on the Red Sea, 4 GW of electrolysis will feed the production of 400,000 tons of renewable hydrogen per year, or more than 2.2 million tons of renewable ammonia – twice the size of the under-construction NEOM project.
NTPC Renewable Energy is the second successful bidder in a series of renewable ammonia reverse auctions to be facilitated by the Solar Energy Corporation of India. The discovered price of $591 per ton is lower than the “record-breaking” bid from ACME announced last week.
Jilin Electric Power put its 180,000 tons per year, $822 million renewable ammonia production plant into operation on July 26, adding to a growing list of Chinese projects beginning renewable ammonia production in 2025.
ACME is the first successful bidder in a series of renewable ammonia reverse auctions to be facilitated by the Solar Energy Corporation of India. The discovered price of $641 per ton represents a substantial drop from the previous benchmark of $1,153 per ton of renewable ammonia, set in H2Global’s first auction late last year.
Envision Energy has announced the completion of a successful ammonia bunkering operation at COSCO Shipping Heavy Industry's terminal in Dalian. The Yuantuo 1 – which was also involved in China’s first-ever ammonia bunkering operation in January this year – was refueled with renewable ammonia fuel produced at Envision’s newly-opened production plant in Chifeng.
After installation by early 2027, the pilot system will provide power at a large industrial electricity consumer facility. The pair then aim to scale and rollout ammonia-to-power solutions across Taiwan’s significant high-tech and manufacturing sector.
Europe-based developers Hynfra and Yamna have signed agreements with the Andhra Pradesh state renewable energy agency for the development of two renewable mega-projects, totalling 2 million tons of ammonia production capacity and $6 billion in investments.