More than 50 leaders across the shipping value chain joined a Call to Action to accelerate the adoption of zero-emission fuels. Amongst the signatories of the Call to Action was Fortescue, which now has partnerships with Höegh Autoliners and COSCO Shipping to accelerate the deployment of ammonia-powered vessels.
Content Related to United Nations
COP29: global shipping leaders join call to accelerate the adoption of zero-emission fuels
Decarbonising fertilizer production in Germany, India
OCI Global will deliver ammonia produced at its Texas plant to COMPO EXPERT in Germany, replacing 25% of its feedstock with low-carbon ammonia from this year. Meanwhile, the Indian Farmers Fertiliser Cooperative Limited (IFFCO) will offtake 200,000 tons of renewable ammonia per year from ACME’s under-development plant in Gopalpur, Odisha. This second deal will be facilitated by the use of “Internationally Transferred Mitigation Outcomes” (or ITMOs), a credit mechanism established by the Paris Agreement.
All hands to the pump: every stakeholder needed to support marine ammonia fuel
For our final episode of Maritime Ammonia Insights, we asked our resident experts Sofia and Conor Fürstenberg Stott to provide their insights on the pathway forward for marine ammonia fuel. Discussion topics included challenges for overlaying alternative fuels onto the existing bunker industry, the importance of seafarers to the transition, and why we need to move beyond talking about competition between alternative fuel candidates.
COP28 Debrief: Flagship Hydrogen Initiatives Launched
A series of flagship hydrogen initiatives were launched at COP28 last month. The initiatives are headlined by a 37-country joint declaration on mutual recognition of certification schemes, a response to sustained calls for increased global regulatory consistency. Additionally, the new ISO methodology for calculating hydrogen emissions was unveiled, paving the way for harmonisation.
Namibia looks towards its first green mega-project
As we reported earlier this March, Namibian President Hage Geingob announced his government is looking to develop and implement national green hydrogen and green ammonia strategies as part of an economy-wide "prosperity" initiative. In an interview with CNBCAfrica this week, Presidential Advisor on Economy James Mnyupe added some more updates.
United Nations Sparks Green Hydrogen Initiative
Last month UN Climate Change announced an initiative whose goal is to scale up green hydrogen production significantly over the next six years. “The new ‘Green Hydrogen Catapult’ initiative will see green hydrogen industry leaders, including ACWA Power, CWP Renewables, Envision, Iberdrola, Ørsted, Snam, and Yara, target the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production, with a view to halve the current cost of hydrogen to below US$2 per kilogram.”
Green Ammonia Consortium Comes to the Fore in Japan
On December 8, the Nikkei Sangyo Shimbun ran a story about the future of coal-fired electricity generation in Japan. The story touched on topics ranging from the plumbing in a Chugoku Electric generating station to the Trump administration’s idiosyncratic approach to environmental diplomacy. And it contained this sentence: “Ammonia can become a ‘savior’ of coal-fired power.” Clearly an explanation is in order.