Chevron, Angelicoussis Group to explore ammonia transport options
13 April 2023
Chevron Shipping Company LLC and the Angelicoussis Group’s Green Ships division have announced a Joint Study Agreement (JSA) to evaluate how tankers can be used to transport ammonia, which has potential as a lower-carbon marine fuel.
Initially, the JSA will study the ammonia transportation market, existing infrastructure, safety aspects of ammonia, potential next-generation vessel requirements and preliminary systems to transport ammonia between the US Gulf Coast and Europe.
In the future, the JSA will focus on additional global markets.
“We are pleased to collaborate with the Angelicoussis Group on this study, help advance lower-carbon energy at scale and progress marine transportation of ammonia,” said Mark Ross, president of Chevron Shipping Company. “I’m proud of the collaboration between Chevron Shipping, Chevron New Energies and the Angelicoussis Group and look forward to driving progress toward our energy-transition goals.”
“Through collaborating with Chevron Shipping Company on this study, we aim to make a meaningful contribution to prepare our industries for the transition towards lower-carbon operations,” said Maria Angelicoussis, CEO of the Angelicoussis Group. “Combining our many years of experience in seaborne transport of liquid and gaseous energy sources with Chevron’s vast experience in the energy business provides a solid basis for this endeavor.”
According to Stelios Troulis, Green Ships and Energy Transition director for the Angelicoussis Group, ammonia has potential as a hydrogen vector and is considered one of the alternative fuel options to decarbonize shipping.
“We believe this study will contribute towards identifying the technical, operational and commercial challenges of carrying ammonia at scale and using it as a fuel in a safe and sustainable way,” Troulis said.
Chevron and the Angelicoussis Group’s goals include advancing ammonia’s technical and commercial feasibility at scale, particularly as an export for petrochemicals, power and mobility markets
“Global value-chain solutions are critical for growing the hydrogen market, and we believe shipping will play a crucial role,” said Austin Knight, vice president of Hydrogen at Chevron New Energies. “Chevron is leveraging its international functional marine expertise and collaborating with the Angelicoussis Group to pursue the delivery of lower-carbon proof points to the market.”
Since 2000, Chevron and the Angelicoussis Group have worked as partners on projects including conventional vessels, liquefied natural gas carriers and energy transition initiatives.
The companies said this JSA supports both organizations’ aims to provide clean energy on a global scale, as well as their focus on the hydrogen supply chain.