A consortium of Nordic companies joined together to joined together in a new concept study exploring the business case for ammonia, seeking to confirm its potential scalability and application on long-distance routes. The Nordic Green Ammonia-Powered Ship concept study concludes that green ammonia holds the potential to play a significant role in decarbonizing maritime transport if investors and operators are presented with a credible business model.
“Understanding the technologies and business models needed to deliver zero-emission shipping is key,” says Jesse Fahnestock, Project Director at the Global Maritime Forum who along with Fu?rstenberg Maritime Advisory developed the project. “The NoGAPS concept study examines the full value chain viability of powering ships with green ammonia. It finds that using green ammonia as a fuel is both practical and feasible. Focus should now be on measures that can strengthen the business case for zero-emission ammonia.”
The Nordic Green Ammonia-Powered Ship concept study brings together key players in the entire value chain for a green ammonia-powered gas carrier. A major conclusion is that green ammonia holds potential to play a significant role in decarbonizing maritime transport if investors and operators are presented with a credible business model. Momentum is building behind .
Green ammonia-powered vessels have potential to play a role in decarbonizing the maritime industry; demonstrating business models will be an important catalyst.
Nordic consortium study bullish on potential of ammonia-powered ships June 2, 2021, by Fatima Bahtić
The Nordic Green Ammonia-Powered Ship (NoGAPS) consortium has announced the results of its latest study on green ammonia-powered gas carrier transporting ammonia in Northern Europe and using zero-emission ammonia as a fuel.
In the past couple of years, ammonia has been creating the buzz, being identified as one of the key alternatives to conventional fuels on the shipping industry’s decarbonization path. Related Article
Recent research
The NoGAPS project report, developed by the Global Maritime Forum and Fürstenberg Maritime Advisory, summarizes the potential of green ammonia-powered shipping in decarbonizing maritime transport.
Maritime Activity Reports, Inc. March 17, 2021
The Getting to Zero Coalition’s updated Mapping of Zero Emission Pilots and Demonstration Projects. Source: Getting to Zero Coalition
The Getting to Zero Coalition’s updated Mapping of Zero Emission Pilots and Demonstration Projects uncovers emerging trends, sees a strong climb in the number of identified projects as well as increased activities in Asia.
The fuel of the future debate is one of the hottest topics in maritime circles, as shipowners eye ever tightening emission regulations through 2050. While there is no silver bullet solution, the Getting to Zero Coalition’s biannual Mapping of Zero Emission Pilots and Demonstration Projects outlines the spread and scope of existing zero emission projects, encompassing the full value chain of technologies needed to facilitate shipping’s transition to zero emission fuels.