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2021-12-27

Keppel FELS partners Sumitomo to explore ammonia fuel business in Singapore

GLOBAL offshore group Keppel FELS has signed a memorandum of understanding (MOU) with Japanese tradi

Keppel FELS partners Sumitomo to explore ammonia fuel business in Singapore

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel FELS partners Sumitomo to explore ammonia fuel business in Singapore\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-27 10:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/keppel-fels-partners-sumitomo-to-explore-ammonia-fuel-business-in-singapore><strong>Businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GLOBAL offshore group Keppel FELS has signed a memorandum of understanding (MOU) with Japanese trading house Sumitomo Corp to explore the feasibility and implementation of various ammonia fuel ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/keppel-fels-partners-sumitomo-to-explore-ammonia-fuel-business-in-singapore\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.businesstimes.com.sg/companies-markets/keppel-fels-partners-sumitomo-to-explore-ammonia-fuel-business-in-singapore","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163365553","content_text":"GLOBAL offshore group Keppel FELS has signed a memorandum of understanding (MOU) with Japanese trading house Sumitomo Corp to explore the feasibility and implementation of various ammonia fuel applications in Singapore.\nThrough this MOU, Keppel FELS - a wholly-owned subsidiary of Keppel Corp's offshore and marine unit (Keppel O&M) - and Sumitomo will accelerate the development of an ammonia bunkering vessel, the companies said in a joint statement on Monday (Dec 27).\nKeppel O&M and Sumitomo aim to commence commercial operations of their ammonia bunkering business in the mid-2020s. They will also work to expand the ammonia value chain in Singapore.\nHighlighting limited land space as one of the critical challenges that remain in the implementation of large-scale green energy, Keppel O&M and Sumitomo said one of the solutions they intend to explore is the use of green energy, such as ammonia, for offshore power generation in Singapore.\nThey expect ammonia to play a role as an energy carrier for hydrogen, since it is easier to liquefy and transport than hydrogen.\nTan Leong Peng, managing director (New Builds) of Keppel O&M, said the collaboration with Sumitomo will deepen the group's decarbonisation efforts, as it continues to leverage its engineering expertise and bunkering experience, as well as build new capabilities, to develop the ammonia bunkering ecosystem for the marine industry.\n\"We are also applying our research in ammonia to advance adjacent solutions in green energy generation. This is in line with Keppel's Vision 2030, which includes seizing opportunities in new energy,\" said Tan.\nKeppel Corp does not expect the development to have any material impact on the net tangible assets or earnings per share of the group for the current financial year.\nKeppel Corp shares were trading 0.4 per cent or S$0.02 lower at S$5.11 as at 9.39 am on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":617,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}