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MOL Signs Charter Contract with Yara for Ammonia Carrier

marinesalvage by marinesalvage
March 24, 2024
in Tug&Barge&Salvage
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MOL Signs Charter Contract with Yara for Ammonia Carrier
Ammonia carrier Green Pioneer (Credit: MOL)

Ammonia provider Green Pioneer (Credit: MOL)

Japanese delivery main Mitsui O.S.Okay. Lines has signed a time constitution contract for the ammonia provider Green Pioneer with Yara Clean Ammonia Switzerland, a bunch firm of Yara International.

The vessel was delivered on December 25,2023 and is predicted to be engaged within the transportation of ammonia, primarily within the Pacific area.

Ammonia is now primarily used as a uncooked materials for fertilizers, however it’s anticipated to see a big enhance in demand sooner or later as a next-generation clear power that doesn’t emit carbon dioxide when burned, comparable to combined burning in coal-fired energy crops and use as a hydrogen provider.

MOL and Yara Group have been working collectively for the reason that signing of a memorandum of understanding on decarbonization initiatives together with ammonia space in 2022, and the conclusion of this common constitution contract is without doubt one of the achievements ensuing from that settlement, the businesses mentioned.

Both corporations goal to construct a long-term partnership within the clear ammonia area and actively increase their enterprise to construct an ammonia provide chain.

The Green Pioneer was inbuilt 2010 at Hyundai Mipo Dockyard, and has a cargo tank capability of 34,500 m3.

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