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MOL placing its bets on ammonia

by Port News Editorial Staff

MITSUI OSK Lines has signed an agreement with two of its national partners, Namura Shipbuilding and Mitsubishi Shipbuilding, to build a large tanker for transporting ammonia.

In a press release the Japanese carrier said that ammonia was expected to be in high demand in the future as a next-generation clean energy source as it didn’t emit carbon dioxide during combustion. Moreover, the fuel would mainly be required in mixed combustion in coal-fired thermal power plants and for green powering next-generation ships.

It is estimated that Japan will need 3 million tonnes of ammonia by 2030 and 30 million tons by 2050. The tanker will be running on ammonia too.

Translation by Giles Foster

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