Mitsui O.S.K. Lines and ITOCHU will use their own vessels to demonstrate ship to ship ammonia bunkering in Singapore in 2027. This week, ITOCHU also signed collaboration agreements for the development of ammonia bunkering near the Suez Canal.
NatWest’s five-year Climate for Transition (CFT) framework will see the UK bank finance £200 billion worth of investments aligned with climate and transition focused finance. Low carbon fuels such as CCS-based and renewable hydrogen and ammonia feature prominently in the framework.
Larsen & Toubro and ITOCHU will develop and commercialise a 300,000 tons per year renewable ammonia plant in Kandla, on India’s west coast. L&T reportedly plans to invest over $5.6 billion in six ammonia production plants around Kandla, serving marine fuel, bunker and export markets.
Following the then-record delivery price submitted in early August, Jakson Green has now committed to supply 85,000 tons per year of renewable ammonia over a ten-year fixed contract, with a fixed delivery price of approximately $580 per ton. Three more price discovery data points were also announced last week, meaning we now have six of the thirteen subsidy winners announced.
Various elements – different definitions for “green” hydrogen, subsidy structures, and transportation & logistics costs – all contribute to the gap between discovered prices for the H2Global and SECI renewable ammonia auctions. More SECI auction results are expected in the coming days and weeks.
Targeting FID later this year, ATOME has received $50 million in funding support from the Green Climate Fund, and an additional $135 million from the European Investment Bank for its Villeta renewable fertiliser project in Paraguay.
NTPC Renewable Energy is the second successful bidder in a series of renewable ammonia reverse auctions to be facilitated by the Solar Energy Corporation of India. The discovered price of $591 per ton is lower than the “record-breaking” bid from ACME announced last week.
Envision’s newly commissioned, AI-enabled, off-grid renewable ammonia production facility in Chifeng will produce 320,000 tons per year, with the first exports planned for Q4 this year.
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.
IHI and GE Vernova have built a large scale combustion test facility which will accelerate the development of gas turbines capable of operating on 100% ammonia. The two parties aim to have such gas turbines commercially available by 2030.