In an effort to decarbonize, Marco Polo Marine Ltd. will bring ammonia power from Amogy Inc. to its offshore wind fleets.
Amogy Inc, a pioneer of emission-free, energy-dense ammonia power solutions, and Marco Polo Marine Ltd, a regional integrated marine logistics company, have signed a Memorandum of Understanding (MoU) to collaborate in developing a zero-emission solution for offshore wind fleets.
The collaboration marks a milestone step toward the widespread adoption of ammonia fuel in the maritime industry. The ammonia-to-power system developed by Amogy can help offshore wind fleets achieve zero emissions, promoting a more sustainable future for the maritime industry.
“Amogy’s ability to convert ammonia to gaseous hydrogen in our wind vessels is a step in the right direction that brings us closer to our long-term goal of decarbonizing the maritime industry by reducing greenhouse gas emissions,” Sean Lee, CEO of Marco Polo Marine, said in a statement.
“We’re delighted to work with a respected and innovative maritime operator that shares our bold vision for a greener and more sustainable future,” said Seonghoon Woo, CEO of Amogy. “The APAC region’s commitment to clean fuels makes it important that we have an impact here and we hope that our partnership with Marco Polo can serve as a powerful example for other maritime operators.”
The new partnership will allow Amogy to fine-tune its ammonia-to-power system to support specific types of wind vessels, such as CSOVs and SOVs. The partnership will allow both parties to ensure optimal performance, best practices, and successful execution to promote sustainability and carbon neutrality initiatives across the maritime and offshore wind industries.
Amogy’s proprietary ammonia-to-power system will be installed on Marco Polo Marine’s existing or newly built wind vessels, enabling them to operate with zero emissions, the companies say.
The global offshore wind energy market is expected to increase by about five times in size by 2030, according to a report by the US Department of Energy. Asia is expected to have overtaken Europe as the world’s largest regional offshore wind market by cumulative installations. Wind vessels like CSOVs and SOVs etc. are important support vessels in the offshore wind industry, and the adoption of ammonia power would see a significant decrease in carbon dioxide and other greenhouse gas emissions from such vessels.
The Maritime & Port Authority of Singapore (MPA) and the Singapore Energy Market Authority (EMA) recently launched an Expression of Interest (EOI) process to build, own and operate low or zero-carbon power generation and bunkering projects on Jurong Island, noting that they saw ammonia power as a “promising pathway” to decarbonization.
The collaboration between Amogy and Marco Polo Marine comes after Amogy announced it is building a zero-emission ammonia-powered vessel, with the intention of sailing it in late 2023. Ammonia is predicted to become the leading fuel source for the world’s giant cargo ships by 2050. This new partnership comes on the heels of Amogy’s recent $139 million B-1 raise, enabling the company to continue its organizational development to support commercialization, begin manufacturing its innovative ammonia-to-power technology, and bring its first product to market in 2024.
Amogy aims to decarbonize transportation with ammonia-based, emission-free, high energy-density power solutions to accelerate the global journey towards Net Zero 2050. The company’s scalable ammonia-powered, zero-emissions energy system has been demonstrated with success in a drone, heavy-duty tractor, and semi-truck. The investors of Amogy include Amazon’s Climate Pledge Fund, AP Ventures, SK, Saudi Aramco, and DCVC.
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