Brooklyn-based technology startup Amogy has signed a collaboration agreement with Yara Clean Ammonia (YCA), a decarbonization-focused subsidiary of global ammonia producer, Yara International ASA.
Under the memorandum of understanding (MOU), Yara will consider Amogy’s ammonia-to-power system as a zero-emissions solution for use within future shipping projects. The companies will also pursue opportunities with external partners, including shipowners, for Amogy to deliver its proprietary technology and YCA to deliver clean ammonia.
Amogy has developed a proprietary ammonia-to-power platform, which is set to be deployed in an ammonia tanker barge in 2023 in partnership with Southern Devall.
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Amogy to deploy its technology on a tank barge Innovation Based in Oslo, Norway, Yara operates the largest global ammonia network, which includes ships, access to ammonia terminals, and ammonia production and consumption sites across the world. YCA, a subsidiary of Yara, has large ambitions to commercialize the application of low-carbon blue and renewable green ammonia to enable the decarbonization of hard-to-abate industries, including the application of clean ammonia as a marine fuel. YCA is currently building an ammonia bunkering network in Scandinavia with the first bunker barge to be operational in 2024.
“ This collaboration with Yara Clean Ammonia is a natural next step for Amogy following the establishment of our Norway operations earlier this year,” said Seonghoon Woo , Co-Founder and CEO of Amogy.
“This agreement provides a fantastic opportunity for Amogy to work alongside innovators in this space to support further demonstrations of our technology in maritime vessels.”
As Amogy pursues commercialization of its technology within oceangoing vessels, YCA and Amogy will collaborate for these efforts, including potential integrations in tugboats, barges, offshore supply vessels, and other ships.
“Amogy’s work with Yara Clean Ammonia will provide us with more opportunities to demonstrate and deliver ammonia-to-power technologies to the maritime sector,” said Christian Berg , Managing Director for Amogy Norway.
“As a former member of their team, I’m very familiar with YCA’s commitment to driving innovation in ammonia production and transportation to support cleaner shipping and food production. With access to YCA’s ammonia and partner portfolio, Amogy can introduce proven zero-carbon fueling opportunities to more changemakers around the world and move toward our goal of decarbonizing the transportation industry by 2050.”
“Through this collaboration with Amogy, we can explore valuable applications for ammonia as a fuel within the transportation, export and trading networks,” said Magnus Krogh Ankarstrand , president of Yara Clean Ammonia.
“We’re excited to support their efforts to further demonstrate the viability of ammonia power technologies in the shipping industry and explore opportunities to integrate their platform into our operations as well as the introduction of their technology to existing and future partnerships, as a future solution for decarbonization.”
The global green ammonia market is expected to grow at a CAGR of 94.6% through 2030.