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Lloyd’s Register: vessel AiP and development updates
Article

Several ammonia-centric vessel designs were granted AiP at the recent Posidonia shipping exhibition in Greece. Lloyd’s Register approved designs including the world’s largest Very Large Ammonia Carrier, a container vessel and a gas carrier propelled by Amogy’s ammonia-to-power technology, a NOX-compliant container vessel featuring a MAN ammonia engine, and an ammonia-powered Very Large Ore Carrier. Lloyd’s Register also recently approved H2SITE’s onboard ammonia cracking technology.

Taking the market’s temperature: European Hydrogen Bank awards €720 million
Article

The European Hydrogen Bank has awarded nearly €720 million to seven renewable hydrogen and ammonia projects. The funding will act to bridge the price gap between the cost of hydrogen production and the price buyers are willing to pay. Recipients will receive €0.37 - €0.48 in subsidies per kilogram of renewable hydrogen, and will collectively produce 1.58 million tons of renewable hydrogen over ten years. In conducting a transparent auction process, the European Commission has also provided vital insights into trends in demand for renewable hydrogen and ammonia.