Saudi-based ACWA Power has signed agreements to explore the overseas production of hydrogen & ammonia with two organisations: South Korean power utility KEPCO, and government-owned finance body the Industrial Development Corporation of South Africa.
Asia
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Key Singaporean safety study releases report
Nanyang Technical University, the Singapore Maritime Institute, ASTI and the American Bureau of Shipping have released their long-awaited report into safety considerations for ammonia bunkering. The report identifies the highest-risk bunkering scenarios, uses theoretical release simulations to determine maximum impact distances, and outlines the key requirements for developing mitigation measures going forward.
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Ammonia-powered Aframaxes
Thailand’s state-owned oil & gas organisation PTT and Singapore-based AET Tankers have agreed to jointly develop two dual-fuel Aframax vessels, with the intention of powering them with ammonia fuel. AET will select a shipyard for construction, with the two vessels to be delivered to PTT for long-term charters by early 2026.
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Building a renewable ammonia supply chain between Australia and Korea
Korea Zinc, Hanwha Impact, SK Gas and Australia-based Ark Energy will work together to build a million-tonne-per-year renewable ammonia supply chain between Korea and Australia by 2032. Ark Energy’s renewable energy portfolio in Queensland will be leveraged for ammonia production, with the three South Korean organisations acting as offtakers. The announcement comes as the Qld state government launches an ambitious new energy plan, which will support the addition of 20-plus GW of renewable energy generation to Qld’s grid.
