Following the ammonia fuel trials announced in Japan, a new report by Alfa Laval, Hafnia, Haldor Topsoe, Vestas and Siemens Gamesa suggests renewably generated ammonia fuels could power up to 30% of the global maritime fleet by 2050. The report suggests the construction of 150m tonnes/year of production capacity alongside supply chain development will make green ammonia cost-competitive with today's existing oil bunker prices.
Today’s conventional ammonia costs are comparable to Very Low Sulphur Fuel Oil (VLSFO) or Marine Gasoil (MGO).
To read the full 59-page report, click here, and visit the link below for additional industry developments in adoption of ammonia fuel:
https://splash247.com/how-green-ammonia-could-power-30-of-the-merchant-fleet-by-2050/