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 they’d signed a memorandum of understanding (MoU) aiming to produce the marine trade with carbon emissions-free ammonia for gas.
Beneath the plan, Yara is to produce Trafigura with clear ammonia, and the corporations are to collectively conduct analysis in addition to develop marine gas 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 reminiscent of explosives, is one in every of a number of candidates to develop into the delivery trade’s most popular zero-carbon delivery gas.
Ammonia known as inexperienced when produced from renewable electrical energy whereas the blue model is made with fossil gas and a subsequent carbon seize and storage course of (CCS).
“There’s a rising consensus that hydrogen-based fuels will finally be the delivery fuels of the long run, however clear and complete regulation is important,” mentioned Jose Maria Larocca, Trafigura government director and co-head of oil buying and selling.
(Reporting by Victoria Klesty; modifying by Jason Neely)