Chevron and the Angelicoussis Group to study the use of ammonia carriers
A joint study agreement (JSA) between Chevron Shipping and the Angelicoussis Group’s energy transition division, Green Ships, will investigate how tankers can be used for the transportation of ammonia, a potential maritime fuel.
The initial study will evaluate the ammonia transportation market in addition to existing infrastructure and safety surrounding ammonia. The companies will also study next-generation vessel requirements and a preliminary system to transport ammonia between the Gulf Coast of the USA and Europe. In the future, the companies plan to focus on other global markets.
The Angelicoussis Group and Chevron are seeking to advance ammonia’s technical and commercial feasibility at scale, with a focus on export to the petrochemical, power and mobility markets.
“Global value chain solutions are critical for growing the hydrogen market, and we believe shipping will play a crucial role,” said Austin Knight, vice president, hydrogen, Chevron New Energies. “Chevron is leveraging its international functional marine expertise and collaborating with the Angelicoussis Group to pursue the delivery of lower carbon proof points to the market.”
“Through collaborating with Chevron Shipping Company on this study, we aim to make a meaningful contribution to prepare our industries for the transition toward lower carbon operations,” said Maria Angelicoussis, CEO of the Angelicoussis Group. “Combining our many years of experience in seaborne transport of liquid and gaseous energy sources with Chevron’s vast experience in the energy business provides a solid basis for this endeavor.”
“Ammonia has potential as a hydrogen vector and is considered one of the alternative fuel options to decarbonize shipping. We believe this study will contribute toward identifying the technical, operational and commercial challenges of carrying ammonia at scale and using it as a fuel in a safe and sustainable way,” said Stelios Troulis, Green Ships and energy transition director for the Angelicoussis Group.
