Norwegian ammonia bunkering technology company Azane Fuel Solutions has received confirmation that it will be granted NOK89 million (approximately $10.3 million at current exchange rates) through the Norwegian Green Platform Initiative for its first project, the “Ammonia Fuel Bunkering Network,” which will build a green ammonia bunkering terminal.
Confirmation of the funding was announced on Sept. 2 by Norway’s Minister of Climate and Environment, Sveinung Rotevatn, Yara International ASA reported in a statement.
Azane Fuel Solutions, working with project partners spanning the entire value chain for ammonia as a marine fuel, will develop, build and operate the first bunkering terminal in a Norwegian port, under real conditions. With this public funding, the project is on track to be the first in the world to pilot ammonia bunkering operations.
“This first green ammonia terminal will be an important enabler for international adoption of ammonia fuel,” said Miriam T. Wennberg, CFO at independent Norwegian technology company and project partner, ECONNECT Energy.
Azane Fuel Solutions will offer its products and services globally and see the Northern European market as a likely early adopter of ammonia fuel for the maritime industry.