Yara Clean Ammonia (YCA) and Bunker Holding Group have signed an MoU to accelerate the market for clean ammonia as a shipping fuel. This agreement connects two key elements of the supply chain needed to achieve this: a global ammonia supplier and the bunker supplier with the most end users today.
Murali Srinivasan, SVP commercial of Yara Clean Ammonia, says: ‘We look forward to collaborating with Bunker Holding to support the acceleration of the net-zero carbon energy transition for the Shipping Industry with clean ammonia. Our global assets and logistical footprint, coupled with Bunker Holdings’ position as the world’s largest bunker player will bring safety, reliability, and security of clean ammonia supply as shipping fuel and will add more resilience and robustness to developing this value chain in the future.’
Valerie Ahrens, senior director, new fuels and carbon markets of Bunker Holding, says: ‘We are excited to work with Yara Clean Ammonia on developing a credible commercial offering for the supply of low- and zero-carbon ammonia to our global customer base. We at Bunker Holding are committed to playing a leading role in facilitating the decarbonisation of the maritime sector and as such it is vital for us to collaborate with partners who can offer the market confidence around the scale and security of supply of low-carbon fuels.’
The commitment will span the globe and focus on serving First Mover initiatives, which aim to harness the purchasing power of companies to decarbonise the corporate ecosystem and unlock the emerging potential of emerging technologies needed to decarbonise the world by 2050.
