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Singapore: Itochu Group partners Vopak to explore supply of ammonia as bunker fuel

15 Jun 2020

Japanese trading corporation Itochu group on Friday (12 June) said it has signed a non-binding memorandum of understanding with Vopak Terminals Singapore Pte Ltd to jointly study the feasibility of developing an infrastructure to support the use of ammonia as an additional source of marine fuel for vessels in Singapore.

In order to achieve IMO 2030’s goals, the early adoption of ammonia as a suitable zero emission, alternative marine fuel for ships is a key element, it explained. 

The purpose of the joint agreement is not limited to the development of an ammonia bunkering supply chain in Singapore, it is also a key element in the development of a zero-emissions ship by Itochu and Itochu Enex with other partners.

Itochu Group said it intends to promote initiatives to reduce GHGs with the cooperation of domestic and overseas companies, as well as the relevant government agencies.

The role of each company in the development of the project is as follows:

Company Individual  Roles
Itochu Enex
  • Itochu Enex will promote the development of an ammonia fuel supply chain in Singapore by making use of their experience and know-how in the operation of bunker tankers for fuel supply as well as its track record in bunker supply.
Itochu
  • Itochu will promote (i) the development of off-shore facilities such as floating tanks and/or bunker supply ships together with Itochu Enex and other partners in Singapore and (ii) the integrated project, leading the consortium in Japan by making use of networks with various industries / companies such as shipper, shipping company, ammonia producer and/or any other parties related to ammonia fuel supply chain, owning and operate ammonia fueled ships, and jointly developing a facility for supplying ammonia fuel for ships with Itochu Enex.
Vopak Terminals
  • Vopak will support Itochu in the feasibility study and promote the development of an independent, on-shore facility for the storage and handling of ammonia with loading / unloading facilities in Singapore by tapping its ammonia storage & handling expertise in its Banyan Terminal in Singapore.

Related: Japanese consortium to jointly develop ammonia-fuelled commercial vessel


Published: 15 June, 2020

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