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AMMONIA-FUELLED TANKER PROJECT GAINS NEW PARTNER

AMMONIA-FUELLED TANKER PROJECT GAINS NEW PARTNER

Thursday, December 2, 2021 

The Castor Initiative – the multinational coalition that is committed to make zero emission shipping a reality, consisting of MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI), MAN Energy Solutions (MAN), the Maritime and Port Authority of Singapore (MPA) and Yara International (Yara) has been joined by Jurong Port.

This follows the key project milestone when LR awarded Approval in Principle (AiP) to SHI for its ammonia fuel supply and fuel storage system. SHI had earlier received an AiP in September 2020 for its ammonia-fuelled tanker design.

With Jurong Port, a provider of best-in-class multipurpose port services as the Castor Initiative’s latest partner, the multinational coalition will now have an even wider and diverse circle of maritime expertise to ensure and support the complete ecosystem required for their ammonia-fuelled tanker to operate sustainably on water. True to its firm commitment to reduce total carbon footprint, Jurong Port is home to the world’s largest port-based solar power generation facility as well as the world’s first green berths.

Jurong Port CEO Ooi Boon Hoe said: "We are delighted to be part of The Castor Initiative, which is determined to take concrete steps to meet IMO 2050 targets through the development and deployment of ammonia-fuelled ships. As actions by the shipping industry in meeting the decarbonization goals are gaining momentum, we recognize that there could be multiple pathways for future marine fuels. Being the operator of the busiest bunkering terminal in the world’s largest bunkering port today, Jurong Port is keen to facilitate the adoption of such future marine fuels, including Ammonia, by providing suitable supporting bunkering infrastructure. We look forward to contributing to the success of The Castor Initiative and reinforcing Singapore as the world’s leading bunkering hub."

Nick Brown, LR CEO said: "The collective drive to decarbonise the maritime sector is gaining momentum and deep-sea zero-carbon vessels will be in operation by the middle of the decade. Collaboration among the Castor Initiative partners on an ammonia-fuelled tanker continues apace and we are delighted that Jurong Port has joined our development project and will support our efforts to deliver technically viable and safe zero-emission shipping."

Brian Østergaard Sørensen, VP and Head of R&D Two-Stroke Business, MAN Energy Solutions, said: "MAN Energy Solutions is very happy to work with a broad variety of industry partners and to take advantage of their expertise on our mutual path to decarbonisation. More than ever, this Initiative’s commitment to decarbonising the maritime economy through developing an ammonia-fuelled tanker seems timely and we look forward to be working with Jurong Port in this respect."

Murali Srinivasan, SVP and Commercial Head of Yara Clean Ammonia, said:"We recognise the need for collaboration through the whole value chain in order to make zero-emissions shipping a reality, by using ammonia as a fuel. We are therefore delighted to have Jurong Port join the Castor Initiative. Their expertise will add value to the existing collaboration within this initiative and will ensure a more complete approach toward the first ammonia-fueled tanker becoming a reality by 2024."

To meet the IMO 2050 ambitions on halving greenhouse gas (GHG) emissions from 2008 levels, zero-carbon vessels need to enter the world fleet by 2030. The Castor Initiative was motivated by the partners’ shared belief that the maritime industry needs leadership and greater collaboration if shipping is to meet the IMO’s GHG ambitions. While ammonia is one of the fuels being considered by maritime stakeholders, the partners also recognise that the shipping industry will need to explore multiple decarbonisation pathways and hope their collaboration will spur others in the maritime industry to join forces on addressing this global challenge.

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