MOL and partners to develop large ammonia carrier

Japanese shipping giant MOL is joining forces with Namura Shipbuilding and Mitsubishi Shipbuilding to develop a large ammonia carrier that will also run on ammonia.

MOL has this year revealed several deals for ammonia and it recently signed a memorandum of understanding with MAN Energy Solutions and Mitsui E&S Machinery for an ammonia-fueled main engine.

The firm expects great demand in the future for ammonia as a “next-generation clean energy source that emits no carbon dioxide (CO2) during combustion,” it said in a statement on Thursday.

According to MOL, annual ammonia demand in Japan could reach 3 million tons by the year 2030, and 30 million by 2050.

To meet this increased demand, MOL and its partner would develop the large-size ammonia carrier, it said.

In addition, MOL said it would push ahead with efforts to shift to ammonia as a vessel fuel, with the aim of deploying net zero emissions ocean-going vessels in the 2020s and achieving net zero GHG emissions by 2050.

The jointly developed large-size ammonia carrier would adopt an ammonia-fueled main engine to promote reduction of greenhouse gas emissions from MOL-operated vessels, the firm said.

Most Popular

Shell’s LNG Canada achieves first LNG

LNG giant Shell has started production at the first liquefaction train at its LNG Canada export terminal in Kitimat, an LNG Canada spokesperson told LNG Prime on Sunday.

Atlantic LNG shipping rates jump to $49,750 per day

Atlantic spot LNG shipping rates rose to $49,750 per day this week, while European prices also jumped compared to the previous week.

India’s May LNG imports drop

India's liquefied natural gas (LNG) imports dropped by 15.3 percent year-on-year in May, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

More News Like This

KARMOL’s FSRU named in Singapore

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has named its latest floating storage and regasification unit at Seatrium's yard in Singapore.

MOL’s LNG carrier to feature SOFC tech

Japan's MOL and South Korea's Samsung Heavy Industries have received approval from classification society LR for the design of a 174,000-cbm LNG carrier integrating solid oxide fuel fell (SOFC) technology.

MOL says it will consider both Chinese and Korean yards for new LNG carrier orders

Japan's MOL said it will consider both Chinese and South Korean yards for new orders of liquefied natural gas carriers. This follows recent media reports suggesting that MOL intends to suspend new LNG carrier orders to Chinese shipyards.

MOL orders LNG-fueled VLCC for charter to Idemitsu Tanker

Japan's shipping giant MOL has ordered a new LNG-fueled very large crude carrier (VLCC) to sail under a long-term time charter contract with compatriot Idemitsu Tanker.