Itochu to Develop Ammonia Supply for Shipping
Mar 15, 2021 10:10:am
Summary
Itochu is working with one of Japan's biggest vessel owners and one of its biggest ammonia producers.
by: Joe Murphy
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Itochu to Develop Ammonia Supply for Shipping
Itochu has teamed up with fellow Japanese companies Ube Industries and Uyeno Transtech to provide ammonia for use as a shipping fuel and jointly develop supply sites in Japan, it said on March 12.
Itochu said early development of zero-emission vessels was needed to meet targets set by the International Maritime Organisation (IMO), which include a 40% improvement in vessel efficiency by 2030 and a 50% cut in greenhouse gas emissions from shipping by 2050 versus the levels in 2008.