Japan’s Itochu Corp. and Egypt’s Orascom Construction Plc have inked a Memorandum of Understanding (MOU) for the joint development of ammonia bunkering in the Suez Canal.
“This MOU is an important milestone in the adoption of ammonia as a marine fuel and a necessary step toward the realization of a proposed integrated project, consisting of the construction of a global ammonia supply chain and the development of ammonia-fueled ships by Itochu and its partner companies,” Itochu said on Oct. 25.
Together with Orascom Construction and future partners, Itochu said it aims to establish a global supply chain by promoting the joint development of ammonia bunkering in the Suez Canal in Egypt. The Japanese company to date has been promoting the development of ammonia bunkering in Singapore and the Strait of Gibraltar with partner companies.