Bühler GmbHViganThe Wolfson Centre for Bulk Solids Handling Technology TOC EventsPort of StocktonTelestack
  • Cleveland Cascades Ltd
  • TBA Group
  • Van Aalst
  • Port of Stockton
  • Vigan
  • The Wolfson Centre for Bulk Solids Handling Technology

Trafigura and Yara sign clean ammonia MoU

Trafigura and Yara sign clean ammonia MoU

(Posted on 09/06/21)

Trafigura Pte Ltd, one of the world’s leading independent commodity trading companies, and Yara International ASA, a leading global ammonia player, have signed a Memorandum of Understanding to collaborate on the development and promotion of the use of ammonia as a clean fuel in shipping and to explore possible opportunities to work together on certain clean (green and blue) ammonia fuel infrastructure and market opportunities.

Reducing shipping emissions is a vital component of the fight against global climate change, yet greenhouse gas emissions from the global maritime sector are increasing. The Fourth IMO Greenhouse Gas study, published in August 2020 predicts that emissions could increase by as much as 130 percent by 2050 compared with 2008 levels. To reverse this alarming trend the ships in use, the fuels that power them and the related infrastructure all need to change as the industry transitions to low or zero-carbon maritime fuels.

Both Yara and Trafigura have taken a number of steps to progress towards making the transition to a greener economy a reality. For the first time the two companies intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain.

Under the MoU, Trafigura and Yara intend to collaborate in the following areas:

The supply of clean ammonia by Yara to Trafigura Group companies

Exploration of joint R&D initiatives for clean ammonia application as a marine fuel

Development of new clean ammonia assets including marine fuel infrastructure and market opportunities

“This agreement is another good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem,” says Magnus Krogh Ankarstrand, President of Yara Clean Ammonia.

“There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential,” said Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.

Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by the International Maritime Organization.

Yara is a world leader in ammonia, with long experience and leading positions within global ammonia production, logistics and trade.

Latest News

ClassNK issues AiP for jointly developed ammonia fuelled bulk carrier

(Posted on 27/01/23)

ClassNK has issued an Approval in Principle (AiP) for a large ammonia fuelled 210,000 DWT bulk carrier... Read more


Baltic Exchange: Will higher steel values mean bulkers hold value?

(Posted on 27/01/23)

Investors in middle aged dry bulk tonnage may be cheered by the impact of sustained higher recycled... Read more


NI survey into Straits of Malacca and Singapore shipping traffic

(Posted on 27/01/23)

As one of the most important strategic maritime passages in the world, linking the Indian and Pacific... Read more


Ship managers OSM and Thome agree to merge

(Posted on 23/01/23)

OSM Maritime Group and Thome Group have agreed to a merger of the two companies. By joining forces,... Read more


Swedish Club announces key management moves

(Posted on 23/01/23)

In a pivotal move aimed at further strengthening The Swedish Club’s long-term position in the... Read more


Danica Crewing Specialists adds Indian seafarers to crew pool

(Posted on 16/01/23)

International crewing expert Danica Crewing Specialists now has a presence in Mumbai, boosting its recruitment... Read more


Campbell renews Fleet Xpress contract

(Posted on 10/01/23)

Bahamas-based ship-management group Campbell Shipping has extended its relationship with Inmarsat, a... Read more


20,000FRT of iron ore reclaimer components on single AAL sailing

(Posted on 10/01/23)

AAL’s scheduled monthly ‘Asia to Australia West Coast Liner Service’ (AUWC) recently... Read more


Britannia launches TR(B) Americas

(Posted on 10/01/23)

Tindall Riley & Co Ltd./ the Managers of Britannia P&I announce that on 5 January 2023 it acquired... Read more


Swedish Club rings in New Year with welcome for new MD Nordberg

(Posted on 04/01/23)

The Swedish Club has welcomed in the New Year, when it formally greeted its incoming Managing Director... Read more


Cleveland Cascades LtdSailors SocietyTBA GroupVan AalstCimbriaPort of South Louisiana
  • Bühler GmbH
  • Telestack
  • Sailors Society
  • TOC Events

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping