Site items in: Ammonia Markets

Article

With $25 million in funding from the Norwegian Government, Amon Marine will develop two ammonia-powered bulk carriers, entering into a new vessel market. Also in Norway, Færder Tankers has received approval in principle for their design of a 50,000 cubic metre capacity dual fuel ammonia medium carrier and bunkering vessel.

Presentation

Korea’s Clean Hydrogen Portfolio Standard (CHPS) is a tender process for subsidizing clean hydrogen imports for power generation applications. Here, we break down the results of the first tender, where the only awarded winner was Korea Southern Power Co. (KOSPO) for the import of clean ammonia fuel to be co-fired at the Samcheok power station. We also look at issues in the first tender process, adjustments made in advance of the second tender announced this May, and how entrants into the Korean clean ammonia market can best position themselves.

Article

Based on their analysis, UMAS and the University College of London conclude that scalable e-fuels have the highest potential to meet shipping’s new decarbonization targets, but that the next decade is critical to ensure supply chains are ready to supply these fuels. Ammonia-LNG dual-fuel vessels represent the lowest-risk, cheapest decarbonization option to the mid 2030s.

Winners of 2nd EU Hydrogen Bank auction announced
Article

Winning projects in the second round of the EU Hydrogen Bank auction have been announced. Requesting production subsidies similar to first round winners, fifteen renewable hydrogen projects will be funded over ten years, including two ammonia projects led by IGNIS in Spain. A third auction round is set to launch later this year.