Asia/Pacific News
Itochu Signs Green Ammonia Supply Deal with India's L&T for Bunkering
Japanese firm Itochu Corporation has signed a long-term agreement with India’s L&T Energy GreenTech Ltd, a subsidiary of Larsen & Toubro, for the supply of green ammonia for bunkering purposes.
Under the deal, L&T subsidiary will supply 300,000 mt/year of green ammonia from its proposed facility at Kandla in the Indian state of Gujarat on a long-term take-or-pay basis, L&T said in a press release last week.
The agreement builds on a joint development deal signed in July 2025 and marks a move towards securing firm demand for the project.
Itochu plans to use the fuel to support its ammonia bunkering business, including operations in Singapore, as it develops a global supply network.
The deal also supports LTEGL’s strategy to scale its green hydrogen and derivatives platform and position Kandla as an export hub for low-carbon fuels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| APAC Average | 1029.50 | 32.00 | 1478.50 | 13.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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