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Ammonia is expected to take up substantial share of bunker fuels by 2050, says Low Yen Ling

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At APPEC 2025, Singapore’s Senior Minister of State for Trade and Industry says while LNG, methanol and biofuels will remain relevant in the near term, ammonia is expected to gain momentum.
Low Yen Ling Singapore’s Senior Minister of State for Trade and Industry

Singapore is developing more support for alternative maritime fuels, especially ammonia, said the republic’s Senior Minister of State for Trade and Industry on Monday (8 September). 

Low Yen Ling said Singapore’s position as the world’s largest bunkering hub is a unique advantage as we prepare for a multi-fuel future. 

“While LNG, methanol and biofuels will remain relevant in the near term, ammonia is expected to gain momentum and account for a substantial share of bunker fuels by 2050,” she said in her speech at the Asia Pacific Petroleum Week (APPEC) 2025, 

“The strong industry response of 26 bids for EMA and Maritime Port Authority’s (MPA) ammonia bunkering Request for Proposal or RFP, underlines market confidence in Singapore’s potential to be a leader in maritime fuels and ammonia.”

In 2023, EMA and MPA announcing they have shortlisted six consortiums whose proposals will be further developed in a closed Request for Proposal (RFP) to provide a low- or zero-carbon ammonia solution for power generation and bunkering on Jurong Island (the Project).

The RFP is the next stage in the selection of a developer for the project, following the Expression of Interest (EOI) that was launched in December 2022 and closed at the end-April 2023. Under the EOI, EMA and MPA received a total of 26 proposals. 

Last year, EMA and MPA said they have shortlisted two consortia that will proceed to the next round of evaluations of proposals to provide a low- or zero-carbon ammonia solution on Jurong Island for power generation and bunkering.

The two consortium leads selected were Keppel’s Infrastructure Division and Sembcorp-SLNG, and the bunkering players in these consortia are Itochu Corporation, Nippon Yusen Kabushiki Kaisha (NYK Line) and Sumitomo Corporation.

APEEC is hosted annually in Singapore by S&P Global and supported by Enterprise Singapore (EnterpriseSG), and this 41st edition is the most well-attended to date, with over 1,200 delegates from 46 countries.

Related: Singapore to select developer for low-carbon ammonia solution for power generation and bunkering
Related: Singapore: EMA, MPA shortlist two consortia for ammonia power generation and bunkering

 

Photo credit: S&P Global Commodity Insights
Published: 9 September, 2025

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