Yara and Bunker Holding team up for ammonia shipping fuel venture

Bunker Hill Mining

23/06/2023 11:20

OSLO, June 23 (Reuters) - Norway's Yara Clean Ammonia
 YAR.OL  and Denmark's Bunker Holding Group plan to collaborate
to speed up the development of the market for clean ammonia as a
shipping fuel, the two companies said on Friday.
    Benefiting from Yara's production and Bunker Holding's
shipping fuel distribution network, the companies aim to develop
a commercial offering for the supply of low- and zero-carbon
ammonia to a global customer base.
    "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 clean ammonia and the largest
bunker supplier today in terms of end users," they said.

 (Reporting by Terje Solsvik; editing by Victoria Klesty)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70;))