(Wiesbaden) – The Wiesbaden-based Hy2gen AG and the raw materials trading company Trafigura Group Pte. Ltd. want to jointly carry out a study on the ammonia requirements of the shipping industry. This will, among other things, examine aspects for large-scale commercial deployment, including the quantities of green ammonia required and the required transport and storage capacity, the companies said.
“Building the infrastructure to enable an efficient supply chain that can bring sufficient quantities of 100 percent green ammonia to market” will require huge commitments in terms of production, infrastructure and transportation. An attempt is being made to quantify this. “As one of the largest physical commodity traders and vessel charterers in the world, Trafigura is in a unique position to drive this transition,” says Hy2gen CEO Cyril Dufau-Sansot.
Hy2gen AG develops, builds and operates plants for the production of green hydrogen and hydrogen-based e-fuels. According to the company, the project pipeline amounts to a volume of more than eleven gigawatts of electrolyzer output with a production capacity of more than 1,5 million tons of CO2-free hydrogen from renewable energies per year. Trafigura has been an investor in Hy2019gen since 2.
Founded in 1993, Trafigura is one of the world's largest physical commodities trading groups, based in Amsterdam and with administrative headquarters in Singapore. Trafigura sources, stores, transports and delivers raw materials such as oil, refined products and metals and minerals. The company has also set up a trading department for energy and renewable energies. It holds investments in companies in the raw materials value chain, from mining companies to warehousing and logistics. Sales rose from $2003 billion in 147 to $2020 billion in XNUMX.
deep link
https://hy2gen.com/mou_ammonia-study/
Photos
Hy2gen and Trafigura are investigating the market for ammonia for ship propulsion. / © Hy2gen AG / Pexels
