Hanwha Ocean Moves to Advance Ammonia Fuel in Shipping

One of the world’s leading shipbuilders, Hanwha Ocean of South Korea, is joining forces with New York-based Amogy to fast-track the implementation of Amogy’s zero-emission ammonia-to-power technology for ammonia-fueled vessels.

Under the agreement, Hanwha Ocean will acquire Amogy’s cutting-edge ammonia-to-electric power system. The partnership also brings in Hanwha Aerospace, a Hanwha Ocean affiliate and developer of hydrogen fuel cell systems.

Amogy, founded in 2020 by four MIT PhD alumni, is working on a scalable, ammonia-powered, zero-emissions energy system designed for the heavy-duty transportation sector, including cargo ships. Together, the three companies aim to expedite the rollout of the technology across the wider maritime industry.

“Ammonia stands out as an eco-friendly energy source including strengths in storage and transportation, it is also an important energy source of Hanwha Ocean’s pioneering maritime decarbonization solutions,” said Hyoung Seog Kim, Executive Vice President at Hanwha Ocean. “Through this partnership, and with Amogy’s ammonia-to-electrical power system and Hanwha Aerospace’s hydrogen fuel cell system, we move toward a more sustainable and carbon-neutral future, taking a significant stride forward.”