Peninsula and Itochu Launch Ammonia Bunkering JV in Europe
Global marine fuels supplierPeninsulaand Japan'sItochu Corporationhave launched a joint venture to develop ammonia bunkering infrastructure and supply chains acrossEurope. The new company,I&P Marine. . .
Global marine fuels supplierPeninsulaand Japan'sItochu Corporationhave launched a joint venture to develop ammonia bunkering infrastructure and supply chains acrossEurope. The new company,I&P Marine Ammonia Ltd. (IPMA), will initially focus on majorEuropeanandMediterraneanports, the companies said in an emailed statement onWednesday. It builds on a memorandum of understanding that thetwo companies signed in2023to jointly explore ammonia as a marine fuel. Ship & Bunkerhad previously reported that the joint venture formation was granted the green lightby theEuropean CommissioninMay. Peninsula will bring its global bunkering network, which spans more than500 ports, while Itochu will contribute its expertise in fuel production and supply chain development. The partners said the venture aims to create a reliable and scalable ammonia bunkering network, helping bridge the gap between early development and commercial adoption. “With an initial focus on Europe, IPMA is well positioned to accelerate the emergence of an operational ammonia marine fuel supply chain, complementing and reinforcing the broader industry initiatives already underway across the region,” they said. Ammonia is emerging as a promising marine fuel to help decarbonise shipping. While adoption is still in its early stages, thefirst ammonia-capable oceangoing vessel is now in service, and ammonia-fuelled marine engines have been developed. Ship & Bunker News TeamTo contact the editor responsible for this story email us at[email protected]