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

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

MOL sells steam LNG carrier for scrap

Japan's shipping giant MOL has sold one steam liquefied natural gas (LNG) carrier for scrap, according to brokers.

QatarEnergy LNG carrier completes trials in China

A 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program has completed its trials in China, according to Hudong-Zhonghua.

Titan, MOL wrap up first LNG bunkering op under new term contract

Dutch LNG supplier Titan and Japan's shipping giant MOL have completed the first LNG and bio-LNG bunkering operation for MOL's car carrier under a new multi-delivery contract.

MOL, Seaspan wrap up Vancouver LNG bunkering op

Japan's shipping giant MOL has joined forces with Canada's Seaspan Energy to complete its first ship-to-ship LNG bunkering operation in Vancouver, Canada.