Offshore staff
SAN RAMON, Calif. — Chevron, through its subsidiary Chevron Shipping Co. LLC, and the Angelicoussis Group's Green Ships division, have formed a joint study agreement to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel.
The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next-generation vessel requirements and a preliminary system to transport ammonia between the US Gulf Coast and Europe. Future opportunities will focus on additional global markets.
Ammonia is a carrier of hydrogen and is believed to have potential to lower the carbon intensity of the marine industry. Through the agreement, the Angelicoussis Group and Chevron aim to advance ammonia’s technical and commercial feasibility at scale, particularly as an export for petrochemicals, power and mobility 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 Co.
Stelios Troulis, Green Ships and Energy Transition Director for the Angelicoussis Group, added, “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 toward identifying the technical, operational and commercial challenges of carrying ammonia at scale and using it as a fuel in a safe and sustainable way."
Chevron and the Angelicoussis Group have a long-standing relationship dating back to 2000. Since then, the partnership has grown from conventional vessels to include multiple LNG carriers as well as joint work on energy transition initiatives.
04.13.2023
