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Ammonia

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New milestone unlocked as ADNOC delivers first certified commercial shipment of low-carbon ammonia
Ammonia

New milestone unlocked as ADNOC delivers first certified commercial shipment of low-carbon ammonia

ADNOC delivered the first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage to Mitsui in Japan.

about 2 years ago
Actis-Fortescue consortium to work on large green hydrogen project in Oman
Ammonia

Actis-Fortescue consortium to work on large green hydrogen project in Oman

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A consortium between Actis and Fortescue has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman.

about 2 years ago
Saudi’s NEOM secures $2.7 billion for development of major projects
Ammonia

Saudi’s NEOM secures $2.7 billion for development of major projects

NEOM has secured a new revolving credit facility (RCF), worth $2.7 billion, that will support short-term financing requirements as NEOM moves forward with the development of major projects.

about 2 years ago
BGN
Ammonia

BGN: $370M secured for three new VLGCs

Swiss energy company BGN and the UAE-based player across multiple marine sectors Al Seer Marine have secured funding from several banks located in the Gulf region to support the construction of three very large gas carriers (VLGCs) in South Korea and Japan.

about 2 years ago
Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain
Ammonia

Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain

Hydrom and VNG will examine the economic potential of building a green hydrogen and ammonia value chain between Oman and Germany.

about 2 years ago
ACWA Power allies with LONGi for its green hydrogen project in Uzbekistan
Ammonia

ACWA Power allies with LONGi for its green hydrogen project in Uzbekistan

ACWA Power and LONGi Hydrogen have partnered up for the first phase of a 3,000 tonne-per-year green hydrogen project in Uzbekistan.

about 2 years ago
Yara to receive green ammonia from Oman under new deal with ACME
Ammonia

Yara to receive green ammonia from Oman under new deal with ACME

Norwegian ammonia trade and shipping company Yara and Indian renewable energy company ACME have signed a long-term firm and binding agreement for the supply of ammonia produced in Oman with reduced CO2 emissions. According to Yara, the agreement is the result of 18-month negotiations during which th

about 2 years ago
HMM Nuri
Ammonia

Liner majors rally behind WSC’s GHG pricing mechanism

The World Shipping Council (WSC) is proposing a solution to the challenge of crafting a global greenhouse gas pricing regulation that encourages investment in green fuels, as the UN International Maritime Organisation works towards its target of achieving net-zero carbon emissions in the shipping in

about 2 years ago
WoodMac: Carbon intensity regulation to make or break global hydrogen market
Ammonia

WoodMac: Carbon intensity regulation to make or break global hydrogen market

The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen produced rather than its color, according to Wood Mackenzie’s (WoodMac’s) Horizons report ‘Over the rainbow: Why understanding full value-chain car

about 2 years ago
McDermott and Baker Hughes install subsea infrastructure for Inpex off Australia
Ammonia

Wood to provide services for several of Inpex’s decarbonization projects

UK’s engineering and consulting company Wood has been chosen by Japan’s energy major Inpex Corporation to work on several of its decarbonization projects across the globe. In Japan, Wood said the company will deliver concept design services for a carbon dioxide (CO2) transportation network, noting t

about 2 years ago
Masdar and CMA CGM forge green maritime fuels alliance
Ammonia

Masdar and CMA CGM forge green maritime fuels alliance

Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Masdar revealed the agreement on January 30, stating that the partnership aims to source, supp

about 2 years ago
BGN
Ammonia

BGN surfaces as owner behind order for two VLGCs from HHI

Dubai energy trader BGN has emerged as the owner behind the order for the construction of two Very Large Gas Carriers (VLGCs) at Hyundai Heavy Industries. HHI’s parent company HD KSOE announced the deal in a stock exchange filing in mid-January. The deal is said to be worth KRW 310 billion ($235 mil

about 2 years ago
DNV: Orders for alternative-fueled vessels grow, methanol in spotlight
Ammonia

DNV: Orders for alternative-fueled vessels grow, methanol in spotlight

According to the latest stats from DNV’s Alternative Fuels Insight (AFI) platform, a total of 298 ships with alternative fuel propulsion were ordered in 2023, with methanol going mainstream. The classification society revealed that by a small margin, methanol proved the most popular alternative fuel

about 2 years ago
Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead
Ammonia

Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead

The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi

about 2 years ago