ITOCHU - a Japanese trading house propelling maritime ammonia
Hear about an upcoming FID decision on an ammonia-propelled bulk carrier, and ITOCHU’s long-term strategy for maritime ammonia fuel.
Hear about an upcoming FID decision on an ammonia-propelled bulk carrier, and ITOCHU’s long-term strategy for maritime ammonia fuel.
At this year’s Australia conference, we recognise that interest in Australian ammonia is on the rise. At previous conferences we’ve witnessed the strengthening of ties between Australia, Japan and South Korea, and this year we see a new player emerge. The EU’s growing ambitions have catapulted it into the ammonia conversation, and the nascent of an Australia-Europe ammonia supply chain is quickly developing. To give our audience the EU-perspective, we welcome a terrific virtual panel beaming in live from the Netherlands, Germany and Italy: Jill Thesen (Federation of German Industries), Martijn Coopman (Port of Rotterdam), Anna Fedeles (Austrade) and Anna Freeman (Clean Energy Council). Join us in-person or online, and make sure to register by the end of this week (Friday 29 July) to secure the early-bird rate.
This week we explore four announcements in the maritime ammonia space:
JGC Corporation has entered into a series of new ammonia partnerships. As part of a wider agreement to license KBR’s patented ammonia production technology, a new renewable ammonia pilot plant will be developed near Fukushima. JGC will team up in an “alliance agreement” with TOYO Corporation to develop fuel ammonia production projects and import terminals in Japan. And in Indonesia - where TOYO is currently assessing the feasibility of retrofitting an existing ammonia plant to run entirely on renewable energy - JGC and Indonesia’s national energy organisation Pertamina will collaborate on key decarbonisation projects.
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.
Adani Power and two Japanese organisations - IHI Corporation and Kowa - have signed a new MoU to conduct a feasibility study into 20% ammonia-coal co-firing at the Mundra power plant in Gujarat, India. The trio will also investigate increasing this co-firing percentage all the way up to 100% ammonia fuel (“mono-firing”). The new MoU contributes to a national-level partnership announced last week - the "India-Japan Clean Energy Partnership (CEP)".