Marine Transportation System For Future Expansion Of The Fuel Ammonia Market

139

In October, NYK signed a time charter contract with Mitsui & Co., Ltd. (hereinafter “Mitsui”; head office: Tokyo; president: Kenichi Hori) for the transport of ammonia. The vessel Berlian Ekuator, owned and operated by NYK, will be used for the shipments, according to an article published on their website.

Global energy transition

The vessel will transport fuel ammonia to be used by JERA Co., Inc. (hereinafter “JERA”) in the world’s first large-scale fuel-conversion demonstration test, which will be conducted at unit 4 of JERA’s Hekinan Thermal Power Station. In June, Mitsui and JERA signed an ammonia sales and purchase agreement to be used in the demonstration test.

Through this agreement, NYK will contribute to the global energy transition by accumulating practical knowledge on the handling of ammonia and developing a marine transportation system for the future expansion of the fuel ammonia market.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: NYK

LEAVE A REPLY