Published by Todd Bush on July 2, 2025
SINGAPORE, July 2 (Reuters) - BHP Group has signed contracts with COSCO Shipping for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers, the mining giant said on Wednesday.
The two vessels are expected to be delivered from 2028 and will be charted for five years. They will mainly be used to transport iron ore from Western Australia to Northeast Asia.
These vessels can reduce greenhouse gas emissions by at least 50 per cent and up to 95 per cent on a per-voyage basis compared to a conventionally-fuelled voyage, if they run on lower or low-to-zero GHG emissions ammonia, according to BHP.
>> In Other News: Climeworks Raises USD 162M to Scale Up Technology
The mining giant previously told Reuters that it plans to receive its first ammonia-fuelled bulk carrier from 2026 as part of the company's plans to cut shipping emissions.
Ammonia is among several alternative fuels that shippers are exploring to cut carbon emissions, though adoption will take time to scale up.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌎 US Carbon Capture Race: $77B Industry Shifts Global Balance 🛠️ NETL Releases Tool To Calculate Costs of Geologic Carbon Storage Projects in the Gulf of America ✈️ Avia Solution...
Inside This Issue 💰 BlackRock’s €1 Billion Bet on Eni Fuels Carbon Capture Confidence 💧 Wastewater Contaminants Boost Green Hydrogen Production 🌾 Gevo Sells Carbon Credits from North Dakota Asset ...
Inside This Issue 🛢️ Texas Emerges as Blue Ammonia Capital in $5B Investment Wave 🤝 Technip Energies and Shell Catalysts & Technologies Have Signed a Global Alliance Agreement for Carbon Captu...
Gold Standard Launches Framework for High-Integrity Engineered Carbon Removals
New Engineered Removals Requirements set rigorous standards for carbon removal certification Updated methodologies now cover mineral waste, BECCS, and fermentation-based CDR All projects must cont...
DENVER--BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced the execution of an agreement with a leading diversified midstream energy company to develop a new carbon capture and se...
For the widespread deployment of carbon capture, utilization and storage (CCUS) to succeed, emitters, financiers and project developers continue to be challenged to make viable investment decisions...
LanzaTech Awarded Significant Grant by UK Government to Propel Sustainable Aviation Fuel Production
Funding from Department for Transport to advance two commercial-scale plants in the UK LanzaTech Awarded £6.4 Million UK Grant to Advance DRAGON SAF Projects LanzaTech Global, Inc. (NASDAQ: LNZA)...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.