ITOCHU’s Singapore Ammonia Bunkering project is driving forward the use of clean ammonia as a marine fuel
Read the full case study on our Build Clean Now campaign website
Bright Spot | ITOCHU
ITOCHU’s Singapore Ammonia Bunkering project is driving forward the use of clean ammonia as a marine fuel
Read the full case study on our Build Clean Now campaign website
Bright Spot | ITOCHU
In choosing Singapore for its ammonia bunkering initiative, ITOCHU is linking the world’s busiest port with one of shipping’s most promising clean fuels. The project is showing how early engagement with regulators, suppliers and shipyards can build confidence in an unfamiliar fuel, offering lessons for others as green ammonia markets expand worldwide.
Itochu recognises the benefits of becoming a first mover in the ammonia bunkering market, viewing ammonia as a more scalable fuelling solution than methanol. While the company has already placed an order for an ammonia bunkering vessel and is actively working together with the Singapore port authorities, it is also implementing an ammonia production strategy. Itochu is planning to develop two production projects, one in India and one in Indonesia. In the future, the company also plans to start operating in the Suez and Panama canals and develop local production capacities.
For us, moving into clean fuels is a strategic and profit-driven decision. As ammonia is easier to produce at scale, it is the most likely solution for the huge quantities of green shipping fuel that will be needed. However, it is a specialty product that is difficult to handle. If we can build confidence with authorities and become a key player, we believe margins can be a lot healthier than in the traditional fuels space.
Itochu
Singapore Ammonia Bunkering Initiative
Read the full case study on our Build Clean Now campaign website
Bright Spot | ITOCHU
Discover many more success stories in our report
Report | Clean industry: dawn of a new era
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Bright Spots are part of the Build Clean Now campaign. Every Bright Spot is an opportunity to inspire the next wave of progress.
With thanks to ITOCHU Ammonia Bunkering Initiative for the 3D image shown. © ITOCHU Ammonia Bunkering Initiative
Mission Possible Partnership | MPP
Mission Possible Partnership (MPP) is an independent non-profit organisation advancing global clean industry transformation. Since 2019, we have been working with some of the most energy-intensive industries: aluminium, aviation, cement, chemicals, shipping and steel, to cut their nearly 25% of global GHG emissions.
We mobilise business, finance, government and civil society leaders to speed up the shift to clean materials, chemicals and fuels. Having charted sectoral pathways to net-zero, we continue to forge new territory, lifting the barriers to enable a critical mass of clean industrial projects to break ground by 2030.
Industrial Transition Accelerator | ITA
The ITA is a global multi-stakeholder platform -managed by Mission Possible Partnership – to fast-track decarbonisation across heavy-emitting industry and transport sectors. It aims to significantly grow the pipeline of commercial-scale, clean industrial projects to reduce emissions by 2030.
Build Clean Now | BCN
Build Clean Now is a global campaign bringing together governments, companies and finance to accelerate the pace at which clean industrial projects are financed and built, year-on-year. It is led by the Industrial Transition Accelerator (ITA) and Mission Possible Partnership (MPP).
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