Australia-headquartered Climate Impact Corp. (CIC) aims to deliver nearly 3.5 million tonnes of clean hydrogen separately to Asia and Europe each year over the next five years, as more firms to shift to clean fuel sources.
“In five years, we will be delivering close to three-and-a-half million tonnes per annum,” CIC Chairman David Green told Marine & Industrial Report. The supply will be coming from its two 10-gigawatt facilities in Australia.
Green indicated that they are negotiating with a number of companies in Japan, where there is considerable appetite for substitute fuels such as ammonia from clean hydrogen.
It is being spurred on by large energy and oil corporations looking to switch from natural gas and coal, as well as steel producers committed to decarbonising their facilities.
Japan's ammonia market volume was 1.3 million tonnes last year and is forecast to reach 1.9 million tonnes in 2033, based on market research agency IMARC Group.
Tokyo is considering ammonia to fulfill its environmental objectives, including 100% ammonia-fueled power generation and the use of zero-emission fuel technologies in ships by 2050.
Green added the company is collaborating with South Korean, Singaporean, Malaysian, Indonesian, and Chinese companies as well.
The initial delivery will be around 2027 at the earliest. CIC joined hands with Singaporean Purus Marine Services Ltd. to deliver the fuel to its markets.
Green previously stated demand for green hydrogen is driven by a need for zero-carbon fuels, but conventional products don't quantify transport emissions when saying they produce a genuinely green hydrogen product.
Through the partnership, the two parties will establish a zero-emission shipping corridor utilizing ships that are powered by green fuels, thereby the shipped supplies are in accordance with each nation's environmental shipping standards.
Green confirmed that shipments will begin with medium gas carriers, before increasing to giant ships as CIC ramps up volumes. Around 20 ships will be plying between Australia and Europe once full production starts, he further added.
“We would then need to work with Purus closely to start to forecast the way in which we can execute that strategy to ensure that we've got all the infrastructure in place for us when we ramp up the delivery,” he added.