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Angelicoussis Group and Chevron in ammonia carrier study

Angelicoussis Group and Chevron in ammonia carrier study
Chevron and the Angelicoussis Group will explore the use of tankers in ammonia transport under a new Joint Study Agreement (JSA).

The scope of the study will cover the ammonia transportation market, existing infrastructure, the safety considerations surrounding the corrosive and poisonous chemical, the requirements of next generation vessels and a system to transport ammonia between the US Gulf Coast and Europe.

Future opportunities will focus on additional global markets, the companies said.

As a potential low- or zero-carbon future fuel for the maritime industry. The JSA aims to build knowledge around the technical and commercial feasibility of ammonia at scale.

“Through collaborating with Chevron Shipping Company on this study, we aim to make a meaningful contribution to prepare our industries for the transition towards lower carbon operations,” said Maria Angelicoussis, CEO of the Angelicoussis Group. “Combining our many years of experience in seaborne transport of liquid and gaseous energy sources with Chevron's vast experience in the energy business provides a solid basis for this endeavour.”

“We are pleased to collaborate with the Angelicoussis Group on this study, help advance lower carbon energy at scale and progress marine transportation of ammonia,” said Mark Ross, President of Chevron Shipping Company. “I’m proud of the collaboration between Chevron Shipping, Chevron New Energies and the Angelicoussis Group and look forward to driving progress toward our energy transition goals.”

“Ammonia has potential as a hydrogen vector and is considered one of the alternative fuel options to decarbonize shipping. We believe this study will contribute towards identifying the technical, operational and commercial challenges of carrying ammonia at scale and using it as a fuel in a safe and sustainable way,” said Stelios Troulis, Green Ships and Energy Transition Director for the Angelicoussis Group.