Site items in: Asia

Ammonia-powered Aframaxes
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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.

Building a renewable ammonia supply chain between Australia and Korea
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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.

India: renewable developments
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In Indian developments this week:

  • Avaada Group and the Rajasthan state government will jointly develop a $5 billion, million-tonne-per-year renewable ammonia plant in the city of Kota.
  • Multinational Larsen & Toubro has switched on a new renewable hydrogen plant for its Hazira manufacturing complex in Gujarat.
  • Korean steelmaker POSCO and Greenko have signed an MoU to cooperate in green hydrogen and ammonia production in India.
  • And at our recent Australia conference, IEEFA’s Kashish Shah outlined how renewable hydrogen & ammonia can relieve the burden of US$13 billion in subsidies paid every year to the fertiliser sector in India.

Maritime ammonia: FSRBs, AiPs for bunkering and a new collaboration
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In maritime ammonia updates this week:

  • NYK Line, Nihon Shipyard, ClassNK, and IHI Corporation have signed a joint R&D agreement for the commercialisation of an ammonia floating storage and regasification barge (A-FSRB).
  • DNV has granted Approval in Principle to Azane Fuel Solutions for their flexible ammonia bunkering terminal design. The Approval allows Azane and partner Yara to proceed with their bunker network rollout across Scandinavia.
  • And US-based Amogy & Amon Maritime will collaborate to jointly develop ammonia-powered shipping solutions, including the use of Amogy’s technology platform in Amon’s future projects.