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16 April 2023
Chevron and Angelicoussis Group announce ammonia
carrier joint study agreement
16 April 2023
Chevron Corporation,
through its subsidiary Chevron Shipping Company LLC, and the Angelicoussis
Group, through its Energy Transition division, Green
Ships, announced a
Joint Study Agreement (JSA) to explore how tankers can be used to
transport ammonia, a potential lower carbon marine fuel.
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 US 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.
Chevron and the
Angelicoussis Group have a long-standing relationship dating back to
2000. Since then, the partnership has grown from conventional vessels
to include multiple LNG carriers, as well as joint work on energy
transition initiatives. The teaming of Chevron Shipping, Chevron New
Energies and the Angelicoussis Group on this study supports and
accelerates both organizations’ ambitions to become leading, global
clean energy providers by focusing on all aspects of the hydrogen
supply chain.
The Greece-based
Angelicoussis Group was founded in 1947 and provides shipping services
across the LNG, tanker and dry bulk markets. The Group is a privately
held family business and is headed by Maria I. Angelicoussis who
became CEO in 2021.
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
509 995 1879
Cell, Pacific Time Zone.
General office:
509-254
6854
4501 East Trent
Ave.
Spokane, WA 99212
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