Marubeni has entered into a partnership agreement with Solvang ASA (hereinafter, “Solvang”), a Norwegian shipping company, and commenced joint operation of an ammonia carrier “MV Clipper Neptun”.

Overview and Distinguishing Features
Solvang is a leading player in ammonia seaborne transportation with a 10% share in the global volume of shipments and extensive knowledge and experience in the field.

Marubeni formulated its long-term climate change vision in March 2021 and has positioned its green strategy as one of the basic policies for enhancing corporate value in its Mid-Term Management Strategy, GC2024. As a pioneer in establishing a low-carbon ammonia supply chain from development and manufacturing to sales, Marubeni has been contributing to Japan’s energy security and developing businesses to decarbonize the country.

With Marubeni’s participation in the field of transportation of ammonia, a clean energy source for which demand is expected to grow, and through this partnership with Solvang, we will contribute to the stable supply of ammonia around the world.

 

 

Background
The Japanese government anticipates that domestic demand for low-carbon fuel ammonia will reach three million tons in 2030 and 30 million tons in 2050, and has set a goal of establishing a domestic and overseas supply chain through Japanese companies of 100 million tons of ammonia by 2050, with the volume of ammonia seaborne transportation set to increase in the near future.

Future Outlook
Through this project, Marubeni will deepen its knowledge of ammonia transportation and contribute to the establishment of a global low-carbon fuel ammonia value chain and global climate change mitigation measures in the medium to long term.

Company Overview

Company Name:	Solvang ASA
Head Office:	Stavanger, Norway
Establishment:	1936
Representative:	Mr. Edvin Endresen
Main Business:	Owning and operation of ammonia, LPG, and ethylene carriers
Website:	https://solvangship.no/

Vessel Overview

Vessel Name:	Clipper Neptun
Built:	2008
Shipyard:	Hyundai Heavy Industries
Flag of Registry:	Norway
Maximum Capacity:	60,200 cubic meters