FILE PHOTO: Trafigura brand is pictured within the firm entrance in Geneva, Switzerland, March 11, 2012. REUTERS/Denis Balibouse
June 8, 2021
OSLO (Reuters) – International commodities dealer Trafigura and Norway’s Yara mentioned on Monday that they had signed a memorandum of understanding (MoU) aiming to provide the marine trade with carbon emissions-free ammonia for gasoline.
Underneath the plan, Yara is to provide Trafigura with clear ammonia, and the companies are to collectively conduct analysis in addition to develop marine gasoline infrastructure and market alternatives for each “inexperienced” and “blue” ammonia, the businesses mentioned.
Ammonia, a hydrogen-carrying chemical used as a fertiliser but additionally in different purposes comparable to explosives, is certainly one of a number of candidates to turn out to be the delivery trade’s most well-liked zero-carbon delivery gasoline.
Ammonia is named inexperienced when produced from renewable electrical energy whereas the blue model is made with fossil gasoline and a subsequent carbon seize and storage course of (CCS).
“There’s a rising consensus that hydrogen-based fuels will in the end be the delivery fuels of the long run, however clear and complete regulation is important,” mentioned Jose Maria Larocca, Trafigura govt director and co-head of oil buying and selling.
(Reporting by Victoria Klesty; enhancing by Jason Neely)