Chevron, Angelicoussis Group announce joint study on ammonia transport
SUMMARY
The joint study will look into issues such as developing a system to transport ammonia between the US Gulf Coast and Europe.
By Shardul SharmaPOSTED IN:
World Americas Europe Technology Innovation EU United States
Chevron Corp and Athens-based Angelicoussis Group have signed a joint study agreement to explore how tankers can be used to transport ammonia, a potential lower-carbon marine fuel, Chevron said on April 13.
The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next generation vessel requirements and a preliminary system to transport ammonia between the US Gulf Coast and Europe. Future opportunities will focus on additional global markets, Chevron said.
Ammonia is a carrier of hydrogen and is believed to have potential to lower the carbon intensity of the marine industry. Through the agreement, the Angelicoussis Group and Chevron aim to advance ammonia’s technical and commercial feasibility at scale, particularly as an export for petrochemicals, power, and mobility markets.
“Global value chain solutions are critical for growing the hydrogen market, and we believe shipping will play a crucial role. Chevron is leveraging its international functional marine expertise and collaborating with the Angelicoussis Group to pursue the delivery of lower carbon proof points to the market,” said Austin Knight, vice president, hydrogen, Chevron New Energies.
