SINGAPORE (ICIS)–Norwegian fertilizer main
Yara has signed an settlement with commodity
buying and selling agency Trafigura to develop and promote
using ammonia as a clear gas in shipping,
the 2 companies mentioned on Monday.
The 2 companies underneath the memorandum of
understanding (MoU) settlement additionally plan to
“discover doable alternatives to work
collectively on sure clear (inexperienced and blue)
ammonia gas infrastructure and market
alternatives”, they mentioned in an announcement.
Greenhouse fuel emissions from the worldwide
maritime sector may rise by as a lot as 130%
by 2050 in contrast with 2008 ranges, the joint
assertion mentioned.
“There’s a rising consensus that
hydrogen-based fuels will finally be the
shipping fuels of the long run, however clear and
complete regulation is important,” mentioned
Jose Maria Larocca, govt director and
co-head of oil buying and selling for Trafigura.