Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Vopak.jpg

Itochu, Vopak to develop ammonia marine fuel supply chain in Singapore

Japan’s Itochu Corporation and its electric services firm Itochu Enex, along with terminal operator Vopak Terminals, have come together to study the feasibility of developing infrastructure to support the use of ammonia as marine fuel in Singapore.

The three parties signed a non-binding memorandum of understanding in Singapore last week.

The joint agreement aims to develop the establishment of supply chain of ammonia marine fuel in Singapore, integrating the project with developing zero-emission ships by Itochu and Itochu Enex with other partners.

Vopak Terminals in Singapore will support Itochu in the feasibility study and promote the development of an independent, onshore facility for the storage and handling of ammonia with loading/unloading functions in Singapore.

Itochu Enex will promote the development of ammonia fuel supply chain in Singapore, while Itochu will promote the establishment of offshore facilities such as floating tank and/or fuel supply ships as well as formation of global partnerships.

Itochu noted that the early adoption of ammonia as a suitable zero emission, alternative fuel for ships can help towards achieving shipping’s transition to a decarbonised future.

The IMO has set a goal to reduce shipping’s greenhouse gas (GHG) emissions by at least 40% by 2030 from 2008 levels, by 50% by 2050 and to phase them out entirely during this century.

“Itochu group intends to promote initiatives to reduce GHG with the cooperation of domestic and overseas companies, as well as the relevant government agencies,” Itochu said.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish