Yara, Bunker Holding team up to accelerate use of ammonia as marine fuel

Yara Clean Ammonia (YCA), a subsidiary of Norwegian chemical company Yara International, has inked a deal with Danish bunker supplier Bunker Holding to facilitate use of ammonia as shipping fuel.

PHOTO: Yara’s ammonia carrier Yara Nauma at sea. Yara International

“Clean ammonia is one of the most effective alternatives for decarbonizing maritime transport,” YCA says.

Under the deal, both companies will explore opportunities to supply clean ammonia as marine fuel to “First Movers” along “key trade routes and bunkering ports in various geographical regions.”

The agreement brings together two crucial constituents of the supply chain required to accelerate the use of ammonia as shipping fuel – “a global supplier of clean ammonia and the largest bunker supplier today in terms of end users,” YCA says.

The deal will help “to support the acceleration of the net-zero carbon energy transition for the Shipping Industry with clean ammonia,” YCA's senior vice president commercial Murali Srinivasan says.

By Tuhin Roy

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