Investment brings ammonia bunkering closer

nh3 barge_offshorebase

Yara and Navigator Holdings have led an investment round of €5.4m in Azane’s ammonia bunkering startup

The world’s first ammonia bunkering network is a step closer with the acquisition of nearly 30% in Norwegian startup, Azane Fuel Solutions.

Yara International’s venture arm and Navigator Holdings have each acquired a 14.5% stake in the company, a joint venture between ECONNECT Energy and Amon Maritime founded in 2020 to develop ammonia fuel handling technology and services. 

Continue this article…

Already subscribed? SIGN IN now


Sign up for FREE to continue this article!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!