The Green Partnership
Yara Clean Ammonia, a subsidiary of Norwegian fertilizer behemoth, Yara, joins forces with Danish bunker titan, Bunker Holding, to steer the market towards ammonia as an eco-friendly shipping fuel. A memorandum of understanding outlines their partnership, which will explore opportunities for clean ammonia supply to pioneering shipping companies along crucial trade routes and bunkering ports.
Yara Clean Ammonia, with its impressive fleet of 15 ships and access to 18 ammonia terminals, stands as the largest global ammonia network. This alliance brings together two pivotal players in the supply chain, vital to achieving clean ammonia as a viable shipping fuel.
Charting a Cleaner Course
Murali Srinivasan, Senior Vice President of Commercial at Yara Clean Ammonia, expressed his enthusiasm for the collaboration, stating that their global assets and logistical footprint combined with Bunker Holding’s position as the world’s largest bunker player will ensure the safety, reliability, and security of clean ammonia supply as a shipping fuel. This partnership will further strengthen and develop the value chain in the future.
Valerie Ahrens, Senior Director of New Fuels and Carbon Markets at Bunker Holding, commented on their commitment to spearhead the decarbonization of maritime ventures. She emphasized the critical need for collaboration with partners capable of instilling market confidence surrounding the scale and security of low-carbon fuel supply.
On the Horizon: A Greener Maritime Future
This groundbreaking partnership between Yara Clean Ammonia and Bunker Holding has the potential to significantly impact the shipping industry’s carbon footprint. With their combined expertise and resources, these two innovative organizations could lead the way in transforming traditional shipping practices and establishing clean ammonia as a vital alternative fuel source.
The Ongoing Voyage: Future Developments
As the partnership progresses, both Yara Clean Ammonia and Bunker Holding will actively collaborate on identifying the most favorable markets for clean ammonia as a shipping fuel. Their cooperation will be instrumental in uncovering the most strategic locations for future small-scale onsite production facilities, as well as establishing global supply commitments to early adopters of low-carbon fuel initiatives. This will surely set the foundation for cleaner maritime operations worldwide.
