Norwegian Ammonia Bunkering Company Azane Fuel Solutions Establishes Infrastructure Subsidiary
Norwegian ammonia bunkering company Azane Fuel Solutions has established a bunkering infrastructure subsidiary to advance its plans for providing clean ammonia as shipping fuel.
Founded in 2021, Azane Fuel Solutions aims to provide end-to-end ammonia fuel solutions by developing, owning, and operating the infrastructure necessary to make ammonia available as a maritime fuel. The company’s key stakeholders include Yara Growth Ventures, Navigator Gas, ECOnnect Energy, and Amon Maritime.
As it prepares to make its first infrastructure investments, Azane Fuel Solutions is structuring itself into two distinct entities:
- Azane Fuel Solutions: This entity will deliver turn-key ammonia fuel handling and bunkering technology solutions.
- Azane Infrastructure: This entity will focus on supplying ammonia as fuel by building, owning, and operating the required infrastructure.
Azane Infrastructure is currently working on multiple ammonia bunkering infrastructure projects in Norway with support from Enova, local governments, port owners, ammonia producers, and other stakeholders.
The company’s goal is to establish a complete value chain for the delivery of clean ammonia as a maritime fuel through small-scale bunkering terminals, trucks, and vessels.
CEO Steinar Kostøl commented on the establishment of Azane Infrastructure, saying, “We expect Azane to become a major bunkering infrastructure owner in Scandinavia over the next couple of years, as ammonia-fueled vessels are being delivered.”