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Asian Based Group to Investigate the Practicalities of Green Ammonia as a Maritime Fuel - Latest industry shipping news from the Handy Shipping Guide


Asian Based Group to Investigate the Practicalities of Green Ammonia as a Maritime Fuel
MoU Commits Partners to Build and Test Vessel
SOUTH KOREA – Hyundai Merchant Marine (HMM) has signed a memorandum of understanding (MoU) with LOTTE Fine Chemical, Lotte Global Logistics, steel maker and technology company POSCO, the Korean Register (KR), and Korea Shipbuilding & Offshore Engineering (KSOE) to seek feasible solutions to the green ammonia supply chain.
Under the terms of the MoU, each member pledged joint efforts to form the end-to-end supply chain for ammonia bunkering, including production, storage, and transportation of green ammonia.
More specifically, Korea Shipbuilding & Offshore Engineering (KSOE) plans to develop an ammonia-powered ship, which will be certified by Korean Register (KR). HMM and Lotte Global Logistics will then take charge of testing and operating the vessel. Once POSCO produces green ammonia overseas, LOTTE Fine Chemical will transpor ....

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