Norwegian ammonia bunkering company Azane Fuel Solutions has established a bunkering infrastructure subsidiary to advance its plans for providing clean ammonia as shipping fuel.
As informed, Azane Fuel Solutions was founded in 2021 to provide end-to-end ammonia fuel solutions by developing, owning and operating the infrastructure required to make ammonia available as a maritime fuel. Its owners are Yara Growth Ventures, Navigator Gas, ECOnnect Energy and Amon Maritime .
It is understood that the company is getting ready to realize the first infrastructure investments and is therefore organizing itself into two entities:
Reportedly, Azane Infrastructure is developing several ammonia bunkering infrastructure projects in Norway with backing from Enova, local governments, port owners, ammonia producers and other stakeholders.
Azane seeks to set up a complete value chain for the delivery of clean ammonia as a maritime fuel through small-scale bunkering terminals and by using trucks and vessels.
Commenting on the establishment of Azane Infrastructure, CEO Steinar Kostøl stated: “We expect Azane to become a major bunkering infrastructure owner in Scandinavia over the next couple of years, as ammonia-fuelled vessels are being delivered.”