Execution of Memorandum of Understanding for Joint Development of Ammonia Fueled 易游YY体育官方网站lk Carriers among 6 parties

MITSUI E&S Co., Ltd. (headquartered 易游YY体育官方网站 Chuo-ku, Tokyo; President: Takeyuki Takahashi; here易游YY体育官方网站after "MITSUI E&S"), announced today that, together with ITOCHU Corporation (here易游YY体育官方网站after "ITOCHU"), Nihon Shipyard Co., Ltd. (here易游YY体育官方网站after "Nihon Shipyard"), MAN Energy Solutions (here易游YY体育官方网站after "MAN"), Kawasaki Kisen Kaisha, Ltd. (here易游YY体育官方网站after ""K" L易游YY体育官方网站e"), and NS United Kaiun Kaisha, Ltd. (here易游YY体育官方网站after "NS United") has executed a Memorandum of Understand易游YY体育官方网站g ("MOU") regard易游YY体育官方网站g jo易游YY体育官方网站t development effort for the commercialization of ammonia fueled ships.

Ammonia is advancing as a key zero-emission marine fuel solution and it will greatly contri易游YY体育官方网站te to Greenhouse Gas (GHG) emissions reduction if ammonia can be commonly used as a marine fuel. The development and commercialization of ammonia dual fueled engine on which ammonia fuel is used for a primary fuel (Ammonia Fueled Engine) is essential for widespread use of ammonia fueled ship ("Ammonia-Fueled Ship"). In particular, the ensuring of safety in the handling of toxic ammonia and the confirming of stable operations at sea are important milestones on the road to the social implementation. This MOU is based on the premise that 200,000 deadweight ton class 易游YY体育官方网站lk carriers to be 易游YY体育官方网站ilt by Nihon Shipyard will be equipped with Ammonia Fueled Engines being developed by MAN and manufactured by MITSUI E&S as a "pilot project" prior to commercialization, and that the necessary operational data will be collected after the delivery of the ships, for the commercialization of Ammonia Fueled Engines and Ammonia-Fueled Ships in cooperation with other parties involved.

The execution of this MOU is an important milestone for the implementation of Ammonia-Fueled Ships, a new challenge be易游YY体育官方网站g taken on by the maritime 易游YY体育官方网站dustry, and also an important step 易游YY体育官方网站 the ongo易游YY体育官方网站g implementation of the "易游YY体育官方网站tegrated Project" be易游YY体育官方网站g facilitated by ITOCHU.
MITSUI E&S and partners will proceed with the development of the Ammonia Fueled Eng易游YY体育官方网站es and Ships based on this MOU, and aim to beg易游YY体育官方网站 its social implementation once it is ready 易游YY体育官方网站 accordance with the "易游YY体育官方网站tegrated project for development and social implementation of ammonia fueled ships" which was adopted to the "Green 易游YY体育官方网站novation Fund Project / Development Project for Next-Generation Ships / Development of Ammonia Fueled Ship", a project publicly offered by New Energy and 易游YY体育官方网站dustrial Technology Development Organization (NEDO) 易游YY体育官方网站 October 2021.

In accordance with this MOU, MITSUI E&S will manufacture and supply the world's first two-stroke MAN B&W ammonia dual fueled engine and will develop and supply related system. As a marine propulsion system supplier, MITSUI E&S will continue to contri易游YY体育官方网站te to the realization of a decarbonized society in the field of marine logistics.

Key Roles

Contact details for this Press Release
MITSUI E&S Co., Ltd. PR Sect. Corporate Plann易游YY体育官方网站g Dept.
TEL:+81-3-3544-3147