Brazilian iron ore producer Vale and 22 industry organizations that transport products such as iron ore via ships have signed a memorandum of understanding for the use of ammonia as ship fuel.
With Anglo American, owner of the Minas-Rio iron ore project in Brazil, ABS, Classnk, DNV, Equinor, Fortescue, Metals Group, Genco Shipping & Trading, Jera, K-Line, Man Energy Solutions, Mitsui E&S Machinery, Nihon Shipyard, NS United Pavilion Energy, Total Energies, Trafigura, Ube Industries, Uniper SE, Uyeno Transtech, Vopak Terminal Singapore, Itochu Enex and Itochu companies signed contracts.
Vale stated that it signed the agreement within the scope of its value chain strategy along with reducing carbon emissions by using clean energy sources.
The company also said the study could also evaluate the integrated development of ammonia-fueled vessels.
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