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The popularity of ammonia as a fuel for shipping is likely to benefit from a growing number of green ammonia production projects. Shipowner confidence in the availability of ammonia was displayed this
The popularity of ammonia as a fuel for shipping is likely to benefit from a growing number of green ammonia production projects. Shipowner confidence in the availability of ammonia was displayed this week by Belgian oil tanker group CMB.TECH and charterers Mitsui O.S.K. Lines and MOL Chemical Tankers as they signed deals for nine ammonia-powered bulk carriers and chemical tankers.
Green hydrogen and ammonia projects around the world have advanced over the last few weeks. Last week, for example, the Australian Renewable Energy Agency announced the first recipient from its Hydrogen Headstart Program, with A$814 million in funding allocated to Copenhagen Infrastructure Partners for the 1.5GW Murchison Green Hydrogen Project in Western Australia.
The development involves large-scale production of renewable hydrogen and ammonia powered by approximately 1.2GW of solar photovoltaic power and approximately 1.7GW of onshore wind power. Green ammonia is expected to be exported globally.
Separately, the Port of Newcastle, Australia, announced last week that Mitsubishi Heavy Industries (MHI) will help it develop a new clean energy hub. MHI has experience developing the Takasago Hydrogen Park in Japan, the world’s first integrated hydrogen validation facility which began operations in September 2023. Newcastle’s Clean
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