ITOCHU & Orascom: joint development of ammonia bunkering at the Suez Canal
ITOCHU Corporation has signed an MoU with Orascom Construction for the joint development of an ammonia bunkering hub at the Suez Canal, a strategic location for international maritime logistics. The agreement is part of ITOCHU’s ambition to promote ammonia as a marine fuel through the construction of a global ammonia supply chain and the development of ammonia-fuelled ships. Orascom will contribute its experience in sustainable industrial and infrastructure development and renewable energy.
ITOCHU is already active in the ammonia bunkering space. In 2021, it partnered with Pavilion Energy, MOL and Total to develop ammonia bunkering in Singapore. In September this year, ITOCHU signed an MoU with Peninsula to develop ammonia bunkering in Spain (Gibraltar Strait). ITOCHU also has plans to develop ammonia bunkering hubs in multiple European ports, the Panama Canal, Japan, and other key locations in the international maritime logistics network.
Fertiglobe & AD Ports: ammonia handling infrastructure in Egypt, the UAE and beyond
Fertiglobe, the strategic partnership between ADNOC and OCI Global, has signed an MoU with AD Ports Group to explore logistics and supply chain opportunities for urea and ammonia storage and shipping at ports in Egypt and the UAE.
Both partners’ existing operations are strategically located near key shipping routes. AD Ports operates Abu Dhabi Ports, which operates the key Middle Eastern ports of Khalifa and Zayed. They will also explore collaboration opportunities in other geographies.
Today, our strategically located production facilities benefit from direct access to international ports and distribution hubs, allowing us to easily access major end-markets and regions with high demand. This MoU will enable us to expand our partnership beyond Egypt and the UAE, as well as to the shipping and storage of green ammonia, in line with our commitment to deliver more sustainable products to the world.Ahmed El-Hoshy, CEO of Fertiglobe, in his organisation’s official press release, 18 September 2023
We anticipate that this will become a remarkable step towards a greener, more efficient future. As two homegrown champions, AD Ports Group and Fertiglobe are embarking on this strategic collaboration that holds immense potential. We are pleased that, by leveraging our integrated portfolio and extensive infrastructure and supply chain expertise, Fertiglobe can strengthen its urea and ammonia storage and shipping capabilities.Captain Mohamed Juma Al Shamisi, MD and CEO, AD Ports Group, in Fertiglobe’s official press release, 18 September 2023