Port of South LouisianaIMPA EventsViganVan AalstTBA GroupSailors Society
  • Van Aalst
  • Telestack
  • Sailors Society
  • Vigan
  • Cimbria
  • Bühler GmbH

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 endorses alternative fuelled bulk vessels with AiPs

(Posted on 07/12/23)

ClassNK has issued Approvals in Principle (AiPs) for four cutting-edge ship designs developed by Marine... Read more


Partnership delivers new classification notations for Laskaridis bulker

(Posted on 07/12/23)

A smartship partnership bringing together ship management company Laskaridis Shipping, digital technology... Read more


ABB introduces CO2e Calculator for enhanced transparency on emissions

(Posted on 07/12/23)

ABB has launched a new digital tool allowing shipowners, operators and designers to estimate the emission... Read more


Dry bulk shipping bares brunt of Panama Canal water level crisis

(Posted on 03/12/23)

The Dry Bulk and LNG segments have borne the brunt of restricted transits, particularly due to their... Read more


CSM announces digital world-first crew Self-Assessment Tool

(Posted on 03/12/23)

Columbia Shipmanagement (CSM) is set to further boost operational efficiency on its vessels, as crew... Read more


Shi.E.L.D. Services selects Spinergie for digitized bulk solutions

(Posted on 26/11/23)

Shi.E.L.D. Services has selected Spinergie as its preferred digitized solution provider to monitor and... Read more


Wellbeing and welfare boost for Indian maritime cadets

(Posted on 26/11/23)

Thousands of cadets and trainees in India will benefit from in-depth wellness training and support thanks... Read more


Sustainable dry bulk shipping solutions in focus at INTERCARGO forum

(Posted on 17/11/23)

As shipping continues its journey to decarbonisation, INTERCARGO will host a special forum in Athens... Read more


INTERCARGO statement on KMAX Ruler attack

(Posted on 13/11/23)

INTERCARGO was deeply saddened and concerned to hear of the reported appalling missile attack on the... Read more


New resources for crews and their support system

(Posted on 13/11/23)

A new-look Wellness at Sea Awareness Campaign for seafarers, their families and shore staff that &ldquo... Read more


Port of StocktonBühler GmbHTMS Awards 2023Geneva DryCimbriaTelestack
  • Port of Stockton
  • TBA Group

Subscribe to our newsletter

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