By: ICN Bureau
Last updated : September 28, 2023 8:41 am
The maritime sector accounts for about 2.8% of all global greenhouse gases (GHG) emissions
Enova has extended its grants to Yara clean ammonia projects towards emission-free shipping.
“We are grateful for the grants Enova has awarded the projects we are developing together with our partners. These grants contribute to Yara’s ability to execute the projects, taking us one significant step closer to an emission-free maritime sector. The projects represent the whole value chain, from the engine- and ship technology to the fuelling of these ships. Realizing them will help us enable the shipping market," says Magnus Krogh Ankarstrand, President of Yara Clean Ammonia.
Yara Clean Ammonia and North Sea Container Line (NCL) have received Enova support for the construction of a clean ammonia-fuelled container vessel. In collaboration with Azane Fuel Solutions, Yara Clean Ammonia is developing a pilot bunkering barge which will deliver clean ammonia to vessels. One bunkering barge has received grants from Enova. This is critical bunker infrastructure and will be part of a future bunker network in Scandinavia. Both projects will thus contribute to innovation- and technology development that are crucial to establishing a market for clean ammonia as a zero-emission shipping fuel.
“These projects will showcase the potential and the feasibility of clean ammonia as an emission-free fuel to decarbonize the maritime industry. This makes them key to Yara Clean Ammonia, and key to reducing emissions in a hard-to-abate sector,” says Ankarstrand.
In addition, Yara is a partner as cargo owner and fuel supplier to Viridis Bulk Carriers / Flexbulk, which has received Enova support for constructing two ammonia-fuel bulk carriers.
The grants from Enova are essential to bringing the projects to final investment decisions. “The green transition we need to undergo is massive, and we will only succeed with strong public-private cooperation. Risk mitigating public support and the commitment from all stakeholders to drive the development of this market, is vital. Yara Clean Ammonia is grateful for the excellent cooperation and strong efforts made by all our partners, and the important role Enova is playing”, says Magnus Krogh Ankarstrand.
The maritime sector accounts for about 2.8% of all global greenhouse gases (GHG) emissions. Clean ammonia can be used as an emission-free fuel for shipping, enabling us to reach the global emission goals.