SINGAPORE (THE BUSINESS TIMES) – A unit of Sembcorp Marine (Sembmarine), LMG Marin, has clinched a contract to design the world’s first inexperienced ammonia-fuelled tanker for Grieg Edge, the innovation unit of Norway’s Grieg Maritime Group.
The zero-emission vessel will transport and distribute inexperienced ammonia gasoline from a manufacturing facility in Berlevag, Norway, to Svalbard, a Norwegian archipelago between mainland Norway and the North Pole from 2024, changing coal-fired energy.
Sembmarine introduced on Friday (Dec 3) that the contract got here after the group began rebalancing its product options portfolio – with an growing deal with renewables and different inexperienced options – from 2015.
A Sembmarine spokesman informed The Enterprise Occasions the contract worth couldn’t be disclosed resulting from market sensitivity.
Inexperienced ammonia is produced with hydrogen derived from water electrolysis powered by renewable sources of vitality equivalent to wind and photo voltaic, making it an environmentally pleasant gasoline.
In distinction, each tonne of standard ammonia, or gray ammonia, produced generates two tonnes of carbon dioxide, given the necessity to combine hydrogen and atmospheric nitrogen below strain.
Sembmarine’s president and chief govt Wong Weng Solar stated LMG Marin can leverage the group’s built-in marine and offshore engineering capabilities and technological bench energy to design the tanker.
The group, in the meantime, famous its participation in a research by the International Centre for Maritime Decarbonisation, the place it’s a founding member, to outline security and operational envelopes for an ammonia bunkering pilot in Singapore.
Sembmarine’s involvement underpins its dedication to work with business stakeholders to reinforce Singapore’s standing as a serious marine gasoline bunkering hub, it stated.
The trouble additionally helps the Worldwide Maritime Organisation’s purpose to scale back general greenhouse gasoline emissions from ships by 50 per cent from 2008 ranges by 2050, it added.
Transferring ahead, Mr Wong stated Sembmarine is “decided to leverage its deep engineering experience and state-of-the-art services to create inexperienced waves for a extra sustainable offshore and marine business, globally”.
“The world’s vitality transition is below method and the marine business has been proactive in driving the business ahead in the direction of a greener future. This thrilling interval of change additionally opens up new enterprise prospects and alternatives,” he added.
Sembmarine shares have been buying and selling flat at 8.3 cents at 2.42 pm on Friday.