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Chevron and Angelicoussis Group Team Up to Explore Ammonia Shipping

Mike Schuler
Total Views: 1407
April 14, 2023

Chevron Corporation has teamed up with the Angelicoussis Group’s Energy Transition division, Green Ships, to explore the use of tankers to transport ammonia, a lower carbon marine fuel.

The two companies have announced a Joint Study Agreement (JSA) to evaluate the ammonia transportation market, existing infrastructure, safety aspects, potential next-generation vessel requirements, and a preliminary system to transport ammonia between the U.S. Gulf Coast and Europe. The aim of the JSA is to advance ammonia’s technical and commercial feasibility at scale, particularly as an export for petrochemicals, power, and mobility markets.

According to Mark Ross, President of Chevron Shipping Company, “We are pleased to collaborate with the Angelicoussis Group on this study, help advance lower carbon energy at scale and progress marine transportation of ammonia.” The collaboration between Chevron Shipping, Chevron New Energies, and the Angelicoussis Group is expected to accelerate the companies’ ambitions to become leading, global clean energy providers by focusing on all aspects of the hydrogen supply chain.

Ammonia is a carrier of hydrogen and is believed to have the potential to lower the carbon intensity of the marine industry. The JSA will contribute to identifying the technical, operational, and commercial challenges of carrying ammonia at scale and using it as a fuel in a safe and sustainable way. The partnership between Chevron and the Angelicoussis Group dates back to 2000 and has grown to include multiple LNG carriers, as well as joint work on energy transition initiatives.

Chevron aims to grow its traditional oil and gas business, lower the carbon intensity of its operations, and grow new lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets, and other emerging technologies.

Athens-based Angelicoussis Group was founded in 1947 and provides shipping services across the LNG, tanker, and dry bulk markets. The group established Green Ships in 2022 to lead all energy transition engagements with its partners, customers, and other stakeholders across a broad range of value chains pertaining to its shipping activities.

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