ITOCHU : Announces the Expansion of the Joint Study Framework on Ammonia as an Alternative Marine Fuel to Include 34 Companies and Organizations
July 28, 2021 at 10:07 pm EDT
Share
ITOCHU Announces the Expansion of the Joint Study Framework on Ammonia as an Alternative Marine Fuel to Include 34 Companies and Organizations
July 29, 2021
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter 'ITOCHU') established a joint study framework of 23 companies and organizations with the objective of collaboratively discussing common issues in pursuit of the utilization of ammonia as an alternative marine fuel (press release dated June 11, 2021 ). Recently, 11 companies and organizations have joined this joint study framework, expanding it to 34 companies and organizations. The 11 companies and organizations are Anglo Eastern Ship Management, BHP, Bureau Veritas, CMA CGM, INPEX, JFE Steel, Lloyd's Register, Maersk, Navios Group, Rio Tinto and Vitol Asia. This expansion is an indicator of the high level of interest in the utilization of ammonia as an alternative maritime fuel.
In 2021, the Joint Study Framework will discuss common issues including (1) Safety assessment of NH3 fuel ship under guideline, (2) Safety assessment of NH3 bunkering, (3) NH3 fuel specification, and (4) NET CO2 emission at NH3 production. The discussion has included collaborators from CF Industries, Nutrien and Yara, major ammonia producers. Going forward, the Joint Study Framework will seek to share opinions, view, expertise and experience with other ammonia producers, related international organizations, port authorities and regulators in potential bunkering countries.
The aim of the Joint Study Framework is to verify and organize common issues regarding the use of ammonia as a maritime fuel, which is a new challenge for maritime stakeholders. Also, this is a step toward advancing an integrated project involving ITOCHU and its partner companies working to develop ships using ammonia fuels and establish a global ammonia supply chain. For its part, ITOCHU will accelerate the development of sustainable energy systems through these initiatives and ensure its contributions to the SDGs and improvement of related efforts, one of the basic policies laid out in its new medium-term management plan, as the company pursues a low-carbon society.
【Participating Members】
ABS, ANGLO AMERICAN, ANGLO EASTERN, BHP, BUREAU VERITAS, CLASSNK, CMA CGM, DNV, EQUINOR, FORTESCUE FUTURE INDUSTRIES, GENCO SHIPPING & TRADING, INPEX, JERA, JFE STEEL, K-LINE, LLOYD'S REGISTER, MAERSK, MAN ENERGY SOLUTIONS, MITSUI E&S MACHINERY, NAVIOS GROUP, NIHON SHIPYARD, NS UNITED, PAVILION ENERGY, RIO TINTO, TOTALENERGIES, TRAFIGURA, UBE INDUSTRIES, UNIPER SE, UYENO TRANSTECH, VALE, VITOL ASIA, VOPAK TERMINAL SINGAPORE, ITOCHU ENEX and ITOCHU.
News Releases 2021
News Releases 2021 Machinery Company
Attachments
Original document
Permalink
Disclaimer
Itochu Corporation published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 02:06:03 UTC.
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).
ITOCHU CORPORATION 
