Chevron Shipping, a subsidiary of the energy giant, and its long-time partner in shipping, the Greek Angelicoussis Group, will conduct a joint study on the development and potential of ammonia transport. They join a growing number of companies looking to leverage their gas transportation expertise to prepare for the challenges of transporting large quantities of ammonia as a potential alternative fuel or as a hydrogen carrier.
The two companies report that they have been working together for more than 20 years, beginning with the development of conventional tankers. They have also been involved in the development of several LNG tankers operated for Chevron Shipping.
The Angelicoussis Group and Chevron report that they aim to advance the technical and commercial feasibility of ammonia at scale, particularly as an export product for petrochemical, energy and mobility markets. The joint study will examine how tankers can be used to transport ammonia, a potentially lower-carbon marine fuel. The first study will assess the ammonia transportation market, existing infrastructure, safety aspects of ammonia, potential requirements for next-generation vessels, and a preliminary system for transporting ammonia between the US Gulf Coast and Europe.
“By collaborating with Chevron Shipping Company on this study, we aim to make a significant contribution to preparing our industries for the transition to lower-carbon operations,” said Maria Angelicoussis, CEO of Angelicoussis Group. “The combination of our long history of maritime transportation of liquid and gaseous fuels with Chevron’s extensive experience in the energy business provides a solid foundation for this endeavor.”
Research into the potential for large-scale transport of ammonia follows other efforts that both companies have undertaken independently to develop opportunities as the energy transport market changes. Last year, Chevron announced another feasibility study in which it is working with Japan’s Mitsui OSK Lines to study the transportation of liquefied carbon dioxide (CO2) from Singapore to permanent storage sites off the coast of Australia. The companies said they would study the technical and economic feasibility of initially transporting up to 2.5 million tons of liquefied CO2 per year by 2030.
“Global value chain solutions are critical to the growth of the hydrogen market and we believe shipping will play a critical role,” said Austin Knight, vice president, hydrogen, Chevron New Energies. “Leveraging its international marine functional expertise, Chevron is partnering with Angelicoussis Group to advance the deployment of lower-carbon detection points in the marketplace.”
In addition to LNG carriers, the Angelicoussis Group also has a large fleet of bulkers operated by its company Maran Dry Management. They reported on several projects to develop hydrogen-powered ships. They research the application of the concepts to both bulkers and future tankers.
Source: News Network
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