World News
Amogy and ITOCHU Corp Plan Onboard Ammonia-to-Power System for Ships
Ammonia technology company Amogy and Japan's ITOCHU Corporation are set to work together on developing an ammonia-to-power system for ships.
The two firms have signed a memorandum of understanding setting out plans to explore the potential application of Amogy's technology on ITOCHU's ships, Amogy said in a statement on its website last week.
Amogy has developed a modularised system that can extract hydrogen from ammonia on board a ship, and then use it to power a fuel cell.
The two companies will now attempt to find suitable vessels on which to install the system.
"We are excited to embark on this journey with ITOCHU Corporation," Seonghoon Woo, CEO of Amogy, said in the statement.
"This collaboration marks a significant step towards exploring sustainable energy solutions for the maritime industry.
"Together, we aim to drive innovation and contribute to a greener future."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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