In our November episode of Project Features, we explored the MadoquaPower2X renewable ammonia project in Sines, southern Portugal. 300,000 tons per year of RFNBO-compliant ammonia will be produced for export to Rotterdam and Duisburg from 2028, focused on marine fuel and fertilizer markets in Europe.
Meet the IMO to unpack the recently-approved interim guidelines for ammonia as a marine fuel. Ahead of the first ammonia-fueled vessels hitting the water in 2026, we learn about the development process at the IMO, what content the guidelines have, and will answer questions from the global shipping stakeholders.
To open the AEA’s 2024 Annual Conference in New Orleans, H2Global Managing Director Timo Bollerhey presented updates from the “green market maker”. To meet global climate targets, we need to accelerate market creation and maturation, and push past key tipping points. H2Global does this by bridging the green premium gap between sellers and buyers and facilitating transactions for clean commodities. A successful first ammonia auction was concluded in 2024, informing plans for a second, larger, truly global auction round that will be launched in the near future.
More than 50 leaders across the shipping value chain joined a Call to Action to accelerate the adoption of zero-emission fuels. Amongst the signatories of the Call to Action was Fortescue, which now has partnerships with Höegh Autoliners and COSCO Shipping to accelerate the deployment of ammonia-powered vessels.
MEPC 82 featured important progress in the ongoing development of the IMO’s “mid-term measures” to cut GHG emissions. States remain divided over the precise architecture of the financial mechanism, and the distribution of revenues received significant attention - particularly from states concerned about unjust or inequitable consequences of the energy transition.
