Global bunker supplier Peninsula and Japan's Itochu have formed a joint venture to advance ammonia bunkering across Europe.

IMAGE: Concept of an ammonia bunker vessel. Itochu

The newly formed company, I&P Marine Ammonia, will develop ammonia bunkering infrastructure and offer physical ammonia deliveries across major European and Mediterranean ports.

The venture builds on an agreement signed by the two companies in September 2023.

Peninsula will support the joint venture through its existing physical bunker supply network, while Itochu will provide access to its ammonia production and bunkering infrastructure.

The companies have not disclosed when they plan to launch ammonia bunkering or which ports they are targeting.

In May, Itochu secured approval from the Maritime and Port Authority of Singapore (MPA) to conduct ammonia bunkering trials in the port.

By Konica Bhatt

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