Chevron in NH3 joint study project with Angelicoussis Group
Chevron has announced the agreement of a joint study agreement (JSA) with the Angelicoussis Group into the transportation of ammonia in tankers. The deal was announced between the Energy Transition focused division of the Angelicoussis Group, Green Ships, Chevron’s subsidiary Chevron Shipping Company LLC.
The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next generation vessel requirements and a preliminary system to transport ammonia between the U.S. Gulf Coast and Europe. Future opportunities will focus on additional global markets.
Ammonia is a carrier of hydrogen and is believed to have potential to lower the carbon intensity of the marine industry. Through the JSA, the Angelicoussis Group and Chevron aim to advance ammonia’s technical and commercial feasibility at scale, particularly as an export for petrochemicals, power, and mobility markets.