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Ammonia

Woodside to buy OCI Global blue ammonia plant for USD 2.35 billion

Ammonia project will contribute to global availability of low-carbon intensity ammonia, with potential to reduce carbon emissions in hard-to-abate sectors, including in new applications in power and shipping.

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Woodside to buy OCI Global blue ammonia plant for USD 2.35 billion

OCI Global (CI), a global producer and distributor of hydrogen products, on Monday (5 August) announced that it has reached an agreement for the sale of 100% of its equity interests in its Clean Ammonia project under construction in Beaumont, Texas, to Woodside Energy Group Ltd (Woodside) for a total consideration of USD 2.35 billion on a cash-free and debt-free basis.

Under the proposed Transaction, Woodside will acquire 100% of the equity interests in OCI Clean Ammonia. Woodside will pay 80% of the Purchase Price to OCI at closing of the Transaction, with the balance of the Purchase Price payable at project Completion, defined as completion of the plant according to certain agreed terms and conditions.

OCI will continue to manage the construction, commissioning and startup of the facility and will continue to direct the contractors until the project is fully staffed and operational, at which point it will handover to Woodside.

The Transaction is expected to close in H2 2024, subject to satisfaction of customary closing conditions and receipt of OCI shareholder approval. OCI’s Board of Directors has approved the Transaction and has recommended that its shareholders approve the Transaction.

OCI Clean Ammonia is the world’s first large-scale, low-carbon intensity (CI) hydrogen-based greenfield ammonia facility, which began engineering in late 2021, construction in December 2022, and is expected to produce first ammonia in 2025. 

Offering first-mover advantages including superior construction terms and favorable tax incentives, the project is a unique collaboration between OCI and Linde that integrates Linde’s low CI hydrogen production and carbon capture technology with OCI’s ammonia production, storage and transportation infrastructure. 

In addition, Linde has contracted with ExxonMobil the CO2 transportation and sequestration infrastructure. The project in its first phase will result in the capture and sequestration of 1.7 million metric tonnes per year of CO2  for OCI that would otherwise have been released to the atmosphere.

OCI Clean Ammonia is anticipated to meet blue ammonia specifications by any standard announced to date. It is the only blue ammonia facility under construction globally, capable of producing 1.1 million metric tonnes per year of blue ammonia in its first phase, with the necessary infrastructure and utilities in place to double that capacity in its existing plot plan. 

This design philosophy and oversized infrastructure is expected to provide significant savings on budget and timeline for the ‘plug and play’ second line over any newbuild projects of similar nature. Permitting for the second line has been submitted and is expected to be received by year-end.

Nassef Sawiris, Executive Chairman of OCI, said: “We are exceptionally proud to have put in motion on a global scale the first FID’d blue ammonia project, with first production expected in less than a year from now.”

“This pioneering investment will contribute to the global availability of low-carbon intensity ammonia, with significant potential to reduce carbon emissions in hard-to- abate sectors, including existing markets in fertiliser and industrial sectors, as well as in new applications in power and shipping.”

“We are confident that in Woodside we have found the rightful custodian for this landmark asset and its talented employees. Under Woodside’s leadership, OCI Clean Ammonia will play a vital role in the global energy transition, delivering new energy products and lower carbon services to reduce Woodside’s customers’ emissions globally.”

 

Photo credit: OCI Global
Published: 6 August, 2024 

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Ammonia

Mitsui E&S commercialises ammonia dual-fuel engines and fuel supply systems

Company says it has established a supply framework for marine propulsion systems aimed at the practical implementation of ammonia-fuelled vessels.

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Mitsui E&S commercialises ammonia dual-fuel engines and fuel supply systems

Mitsui E&S on Thursday (20 August) said it has completed the commercialisation of large ammonia dual-fuel marine engines and ammonia fuel supply systems (AFSS).

As the only company in Japan manufacturing both ammonia dual fuel engines and AFSS, the company said it has established a supply framework for marine propulsion systems aimed at the practical implementation of ammonia-fuelled vessels.

“While ammonia holds promise as a next-generation fuel that emits no carbon dioxide during combustion, it is difficult to ignite and poses risks related to toxicity and corrosiveness; therefore, ensuring safety, reliability, and environmental performance is crucial for its practical implementation in society,” it said. 

In February, Mitsui E&S conducted land-based tests involving the integrated operation of the Ammonia dual fuel engine MITSUI-Everllence B&W 7S60ME-C10.5-LGIA-HPSCR and the AFSS, witnessed by ClassNK (Nippon Kaiji Kyokai), and verified their performance. 

Following the completion of the tests and the subsequent review, Mitsui E&S confirmed the completion of onshore testing in accordance with classification society rules and verified compliance with International Maritime Organization (IMO) NOx regulations through NOx certification. 

“Consequently, we have finalised the commercialisation of the ammonia dual fuel engines and the AFSS and are now able to supply it for actual vessels,” it added. 

Mitsui E&S said it has already decided to expand its land-based testing facilities for AFSS compatible with both Everllence and WinGD licensed engines. 

“In conjunction with this, we will establish a mass-production system for both the engines and the AFSS to meet the anticipated rise in demand,” it said. 

Mitsui E&S added the company is expanding its engine lineup to accommodate a diverse range of next-generation marine fuels, including ammonia, by offering ammonia-fuelled engines and AFSS as an integrated package.

 

Photo credit: Mitsui E&S
Published: 24 August, 2026

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