Norway-headed Yara Clean Ammonia (YCA), part of global ammonia and fertilizers major Yara International ASA (Yara), and Denmark-headed Bunker Holding A/S, one of the world’s largest supplier and trader of marine fuels, have signed a Memorandum of Understanding (MoU) to explore opportunities to work together to accelerate plans to supply the shipping industry with ammonia as a fuel.
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The collaboration will focus on exploring opportunities to supply clean ammonia as a marine fuel to First Movers in the shipping industry along key trade routes and bunkering ports in various geographical regions.
This agreement connects two key elements of the supply chain needed to achieve the use of clean ammonia as a shipping fuel, namely a global supplier of ammonia and the largest bunker supplier today in terms of end users.
This commitment will cover multiple global geographies and focus on serving First Mover initiatives spanning different regions.
We are excited to work with Yara Clean Ammonia on developing a credible commercial offering for the supply of low- and zero-carbon ammonia to our global customer base. We at Bunker Holding are committed to playing a leading role in facilitating the decarbonization of the maritime sector and as such it is vital for us to collaborate with partners who can offer the market confidence around the scale and security of supply of low-carbon fuels, said Valerie Ahrens, Senior Director New Fuels and Carbon Markets of Bunker Holding.
Ammonia, a sustainable solution for maritime transport
Clean ammonia is seen as one of the most effective alternatives for decarbonizing maritime transport.
As of 2026, shipping companies are expected to expand the use of this sustainable fuel to reduce carbon dioxide (CO2) emissions by up to 100 percent on a full life cycle basis.
The development and use of sustainable fuels contribute to several of the 2030 Agenda’s Sustainable Development Goals: SDG 7 (Affordable and clean energy), SDG 8 (Decent work and economic growth), SDG 12 (Responsible consumption and production), and SDG 13 (Climate action).
We look forward to collaborating with Bunker Holding to support the acceleration of the net-zero carbon energy transition for the Shipping Industry with clean ammonia. Our global assets and logistical footprint coupled with Bunker Holdings’ position as the world’s largest bunker player will bring safety, reliability, and security of clean ammonia supply as shipping fuel and will add more resilience and robustness to developing this value chain in the future, said Murali Srinivasan, SVP Commercial of Yara Clean Ammonia.
