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Singapore: Pavilion Energy, MOL, Total join Itochu and Vopak ammonia bunker fuel study

17 May 2021

Itochu Corporation, Itochu Enex Co. Ltd., Vopak Terminals Singapore Pte Ltd., Pavilion Energy Singapore Pte. Ltd., Mitsui O.S.K. Lines Ltd. and Total Marine Fuels Private Limited on Monday (17 May) entered into a memorandum of understanding (MOU) on the joint development study of ammonia as a new marine fuel in Singapore.

The development builds upon an earlier arrangement with Vopak 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.

“[Pavilion Energy, MOL, and Total] have high expertise and experience at each business segment, and are engaging in LNG bunkering business in Singapore,” stated a statement from Itochu Corporation.

“Great contribution to the project will be expected through their participation.”

According to Itochu Corporation, the purpose of the MOU is not limited to expansion and acceleration of the joint development of an ammonia fuel supply chain, including an on-shore and/or off-shore facility and an ammonia bunkering ship in Singapore.

It is also a key element of an integrated project that includes the development of ammonia fuelled ship by Itochu with other partners.

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

Itochu, for its part, will aim to accelerate the development of sustainable energy systems through these initiatives, to ensure “contributions to the SDGs and improved efforts” as one of the basic policies of its new medium-term management plan, and achieve a low-carbon society.

The individual roles of the stakeholders are as follows:

  • Itochu Enex – promote the development of ammonia fuel supply chain and safety guidelines of ammonia bunkering in Singapore together with other parties, by making use of their experience and expertise in the operation of marine fuel supply in Japan and Singapore.
  • Itochu – promote (i) the development of off-shore facility such as floating storage unit and/or fuel supply ship, and safety guidelines of ammonia bunkering in Singapore together with other partners, and (ii) the integrated project, leading the formation of partnerships in Japan and overseas 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.
  • Vopak – promote the development of an independent, on-shore facility for the storage and handling of ammonia with loading / un-loading facilities in Singapore by tapping its ammonia storage & handling expertise in its Banyan Terminal in Singapore.
  • Pavilion Energy – promote the development of the ammonia fuel supply chain and safety guidelines of ammonia bunkering in Singapore with other partners, through leveraging each other’s experience and expertise, especially in the operation of LNG as a marine fuel in Singapore.
  • MOL – promote the development of off-shore facility such as floating storage unit and/or ammonia bunkering ship, and safety guidelines of ammonia bunkering in Singapore together with other partners, by making use of their experience and expertise, especially as ship owner and ship-manager of LNG bunkering ship.
  • Total – promote (i) the development of ammonia fuel supply chain and safety guidelines of ammonia bunkering in Singapore together with other partners, and (ii) the development of bunkering infrastructures together with other partners, by making use of their experience and expertise in LNG as marine fuel.

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

 

Photo credit: Manifold Times 
Published: 17 May, 2021

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