Oceania, Hexagon Ink MOU for Australia Ammonia Bunkering

In Australia, Oceania Marine Energy reported on their LinkedIn page that Oceania Marine Energy and Hexagon Energy Materials Limited have inked a Memorandum of Understanding aimed at developing a low-emissions ammonia bunkering business in Dampier, Western Australia. This partnership marks a significant venture into sustainable shipping practices, particularly targeting the robust iron ore transport routes to Asia.

Nick Bentley, Managing Director of Oceania, emphasized the objective of the MOU: “The key objective of our MOU is to demonstrate a viable supply of low-emissions ammonia bunker fuel, developed on a timeline to meet market demand, and in the most efficient location for the iron ore ships transporting Australian iron ore to Asia,” according to the post.

Hexagon’s CEO Stephen Hall elaborated on the strategic significance of the agreement: “This Memorandum of Understanding with Oceania Marine Energy represents another significant step for Hexagon’s WAH2 low-emissions ammonia project. It offers the opportunity to establish a new bunkering industry in Western Australia that could play a leading role in decarbonising Australia’s iron ore exports for the benefit of Australia and its trading partners in Asia,” according to the report.

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