MoU regarding ammonia-fuelled bulk carriers signed

Ammonia has been advancing as a key zero-emission marine fuel solution and if it becomes possible to commonly use ammonia as a marine fuel, this will greatly contribute to the reduction of greenhouse gas (GHG) emissions. The development and commercialisation of ammonia dual fuelled engines using ammonia as their primary fuel (ammonia-fuelled engines) is essential for widespread use of ammonia-fuelled ships. In particular, the ensuring of safety in the handling of toxic ammonia and the confirming of stable operations at sea are important milestones on the road to the social implementation. This MOU is based on the premise that 200 000 DWT class bulk carriers to be built by Nihon Shipyard will be equipped with ammonia-fuelled engines being developed by MAN as a pilot project prior to commercialisation, and that the necessary operational data will be collected after the delivery of the ships for the commercialisation of ammonia-fuelled engines and ammonia-fuelled ships in cooperation with other parties involved.

The signing of this MOU is an important milestone for the implementation of ammonia-fuelled ships, a new challenge being taken on by the maritime industry, and also an important step in the ongoing implementation of the Integrated Project being facilitated by Itochu.

Itochu and its partners will proceed with the development of the ammonia-fuelled engines and ships based on this MOU, aiming to begin social implementation once the engines and ships are ready in accordance with the integrated project for the development and social implementation of ammonia-fuelled ships selected by the New Energy and Industrial Technology Development Organisation (NEDO) in October 2021 to be a part of its publicly solicited green innovation fund project for next-generation ships/development of ammonia fuelled ships.

As a logistics company rooted in the shipping industry, the K Line Group will continue to work to reduce its environmental impact to aim for sustainable growth and greater corporate value based on its corporate principle of, “we help make the lives of people more affluent.”

Read the article online at: https://www.drybulkmagazine.com/shipping/16042024/mou-regarding-ammonia-fuelled-bulk-carriers-signed/