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Magnora, Prime Capital, Troms Kraft to develop green bunker fuel production facility at Tromsø

Project involves large-scale production of green hydrogen and further processing into green ammonia and/or liquid organic hydrogen carriers.

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Renewable energy development company Magnora on Thursday (16 September) said it has entered into agreement with Prime Capital and Troms Kraft for the development of a green maritime fuel project in the Tromsø area in Norway.

The project involves large-scale production of green hydrogen and further processing into green ammonia (NH3) and/or liquid organic hydrogen carriers (LOHC). 

Tromsø is the main logistics hub in Northern Norway for land-based transportation, fishery and other maritime industry.

With more than 3,000 fishing boat calls per year Tromsø is one of the largest fishing ports in Norway, and it is also an increasing popular cruise destination. The region has a surplus of green electricity from hydropower and onshore wind, which makes it attractive for green fuel production, says Magnora.

In line with Magnora’s strategy of engaging early, the project is currently in the feasibility-stage aiming for final investment decision late 2022 to mid-2023. If proceeding as planned, the green fuel project will be in commercial operations by 2025. 

“Magnora is very optimistic when it comes to the ongoing energy transition. We believe that fuels produced from green electricity will play a significant role in reducing carbon emissions, especially in the maritime industry,” says Torstein Sanness, executive chairman of Magnora.

“With an existing electricity surplus from renewables, a large and innovative maritime and fisheries industry, and a competent industrial workforce, Tromsø has all the right ingredients for success.

“Magnora is pleased to enter into a strong partnership together with Troms Kraft and Prime Capital. Troms Kraft brings in-depth local knowledge about the power industry and region, as well as over 100 years of operational experience.  Prime Capital has an impressive track record of business development in the Nordics within renewable energy, and an existing footprint in Northern Norway.”

The partnership with Prime Capital brings the funding and operational capability to execute and operate large industrial projects. 

The company is an investment and asset management company, with a portfolio of green infrastructure investments, with a dedicated team of 110 professionals from diverse backgrounds, including engineering, project management and finance. 

“The report from IPCC (UN) is clear, immediate action is needed from all industries in order to limit the impact of global warning. Prime Capital is heavily involved in the Troms region through the large-scale wind farms Raudfjell and Kvitfjell (Nordlys Vind) and wants to continue to contribute to the further green development of the local industry,” says Mathias Bimberg, Head of Infrastructure at Prime Capital.

“On the short term we believe there is a significant potential for production of green fuels for local consumption, especially in the shipping and fishery industry, and in the longer-term Prime Capital clearly see the potential for national and international export from the region.”

Troms Kraft is a publicly owned power company in Tromsø that produces, distributes and sells electricity from renewable energy sources. The company has about 320 employees and focuses on securing a clean power supply to help stop the climate change. 

“We in Troms Kraft believe we can play a significant role in the development of new industry in our region. This is from our perspective best done through strong partnerships. Together with Magnora and Prime Capital, we do believe our consortium has a good mix of local, national and international footprint,” says Erling Dalberg, Director of Market and Technology of Troms Kraft. Contacts Erik Sneve, CEO.

“We see a promising future for our region, with the combination of access to green electricity, blooming industries such as fishery and tourism and an entrepreneurial spirit.”

 

Photo credit: Nazreen Banu from Unsplash
Published: 21 September, 2021 

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Environment

Indonesia to expedite removal of sunken Malaysia-flagged tanker “Silver Sincere”

Vessel sank while carrying about 1,000 mt of waste oil on 12 January 2025; the wreck was discovered in March 2025 and was found to have drifted about 13 nautical miles from its original sinking site.

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Indonesia to expedite removal of sunken Malaysia-flagged tanker “Silver Sincere”

Indonesia’s Coordinating Ministry for Political and Security Affairs on Tuesday (14 July) held a cross-agency coordination meeting to expedite efforts in handling the Malaysian-flagged tanker Silver Sincere that sank off Bintan Regency, Riau Islands.

The vessel sank while carrying about 1,000 metric tonnes (mt) of waste oil on 12 January 2025. 

According to authorities, the ship sank within Indonesian waters. After several surveys, the wreck was finally discovered in March 2025 and it was found to have shifted approximately 13 nautical miles from the initial sinking location.

The meeting was aimed to align cross-ministerial and institutional measures to expedite the handling of the Silver Sincere wreck while minimising risks to shipping safety, the marine environment, and national interests.

Deputy for Coordination of State Defense and National Unity Purwito Hadi Wardhono emphasised that the handling of the impact of the Silver Sincere sinking was the first case to be comprehensively coordinated, serving as a model for handling foreign vessels sinking within Indonesian jurisdiction.

Through this cross-sectoral coordination, the government will establish a clear and measurable framework that can serve as a reference for resolving similar cases in the future, while minimising state losses due to environmental pollution, damage to underwater ecosystems and infrastructure, and disruption to shipping lanes.

“The most important thing is to immediately stop and prevent the negative impacts of this ship sinking,” Purwito said.

“Therefore, a coordinating role is crucial, as maritime security governance involves various ministries and institutions with varying authorities, allowing for faster, more integrated, and more effective response,” he said. 

He added that the Silver Sincere was a Malaysian-flagged vessel that sank within Indonesian jurisdiction, and therefore, all handling processes must comply with the provisions of Indonesian laws and regulations.

In the meeting, Prof. Eko Ganis Sukoharsono, representing the SAE Energy Consulting Team, presented the results of an analysis based on 14 observation periods using Sentinel-1 Synthetic Aperture Radar (SAR) satellite imagery. 

The analysis results showed strong indications of a waste oil spill that has resulted in marine pollution, damage to the seabed due to shifting shipwrecks, disruption of coastal ecosystems and fishing grounds, and potentially threatening the livelihoods of fishing communities around the Riau Islands. 

Purwito added these findings further emphasise the importance of accelerating the removal of the shipwrecks to prevent widespread environmental impacts, maintain shipping safety, and avoid the potential for greater state losses.

The meeting brought together representatives of related ministries and institutions including the Ministry of Foreign Affairs, Ministry of Defense, Ministry of Transportation, Ministry of Maritime Affairs and Fisheries, Ministry of Environment, Attorney General’s Office.  

Related: MPA: Malaysia-registered tanker “Silver Sincere” sinks off Pedra Branca

 

Photo credit: MarineTraffic / Julian T
Published: 20 July, 2026

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LNG Bunkering

Singapore: FueLNG achieves 800th LNG bunkering operation milestone

Bunker tanker “FUELNG Venosa” delivered LNG marine fuel to bulk carrier “MV Ubuntu Humanity” at Eastern Bunkering A Anchorage (AEBA) on 11 July.

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Singapore: FueLNG completes 800th LNG bunkering operation

Singapore’s licensed LNG bunker supplier FueLNG on Friday (17 July) announced the successful completion of its 800th LNG bunkering operation in the republic.

The company said bunker tanker FUELNG Venosa delivered LNG marine fuel to bulk carrier MV Ubuntu Humanity at Eastern Bunkering A Anchorage (AEBA) on 11 July. 

“This achievement is more than just a number,” FueLNG said.

“It reflects the trust our customers place in us, the dedication of our operations team, the professionalism of our marine partners, and our unwavering commitment to safe, efficient, and reliable bunker deliveries.” 

Manifold Times previously reported FueLNG completing its 500th LNG ship-to-ship (STS) bunkering operation.

Related: Singapore: FueLNG achieves milestone of 500th STS LNG bunkering operation

 

Photo credit: FueLNG
Published: 20 July, 2026

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Methanol

Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 mt annually.

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Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Ship design and engineering service provider Western Baltic Engineering on Thursday (16 July) showcased its latest concept design for a green methanol bunkering vessel, developed for the operational needs of the Port of Klaipėda.

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 metric tonnes (mt) annually. 

“It is Western Baltic Engineering’s first concept dedicated exclusively to green methanol bunkering, expanding our portfolio of alternative-fuel vessel solutions,” the company said in a social media post.

“Building on our experience in methanol-ready vessel design, it reflects our continued focus on enabling the industry’s transition to cleaner fuels.”

“As the maritime sector evolves, engineering companies have a responsibility not only to respond to market needs but also to anticipate future challenges,” said Marius Arkusauskas, Director at Western Baltic Engineering.

“By exploring emerging technologies and alternative fuel applications, we help our partners prepare for the next generation of maritime operations while contributing to a more sustainable future.”

 

Photo credit: Western Baltic Engineering
Published: 20 July, 2026

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