M.V. Grand Wisdom will operate under a 25-year COA worth USD 600 million from Vale International, Switzerland for transporting Brazilian iron ore to China.
Project has been granted funding from the EU under its Fuel Cells and Hydrogen Joint and aims to qualify 20MW fuel cell solutions for oceangoing vessels.
While ammonia is a potential clean fuel, challenges like corrosiveness, slow ignition, and NOx emissions will require new engine and gas supply systems, it said.
Joint research was initiated at the Gastech trade fair in Houston 2019 where they agreed to jointly develop low and zero carbon solutions for shipping.
Project is supported with USD5.3 million from the Norwegian government, and the MS Green Ammonia will start sailing in 2024.
Biofuels are more expensive and depend on governmental incentives to compete on price, such support frameworks remain largely absent in Asia, it said.
The development is an expansion of a 4+4+4+3 contract with MAN Energy Solutions since the first four BW LPG dual-fuel retrofit orders in September 2018.
Euglena biodiesel is a next-generation renewable fuel produced with used cooking oil and Euglena- a type of algae similar to brown seaweed and sea tangle, it...
BioMSAR® offers similar CO2 emissions reductions as using LNG while using existing low-cost HFO infrastructure, and does not contain methane, it said.
Company said it could be ready to offer biofuel to customers by next year through a carbon credit program as the fuel is currently only available...
