Hy2gen and Trafigura have today signed a Memorandum of Understanding to collaborate on a study aimed at quantifying the needs of the shipping industry for green ammonia as the industry transitions to low and zero-carbon maritime fuels. The study will consider the necessary aspects to enable large-scale commercial adoption, including the required quantities of green ammonia, and the transport and storage capacities that will be needed.
Building the infrastructure to enable an efficient supply chain that can deliver sufficient quantities of 100 per cent renewable and carbon-free green ammonia to market will demand enormous commitments in production, infrastructure and shipping upgrades that the study aims to quantify.
“As one of the largest physical commodity traders and vessel charterers in the world Trafigura is uniquely placed to push this transition forward,” said Cyril Dufau-Sansot, CEO Hy2gen AG.
Trafigura recognized the key role and potential of Hy2gen for the industrial production of green hydrogen early on, and has been an investor in Hy2gen since 2019.
“Hy2gen is a first mover and pioneer in green ammonia production and concept development. We very much recognize their capacity to quickly execute projects of scale that can fast track the transition for the shipping industry to run on clean fuels,” said Julien Rolland, Head of Power and Renewables for Trafigura.