TOKYO, Japan — NYK Line, Nihon Shipyard Co. (NSY), ClassNK and IHI Corp. have agreed to jointly conduct R&D for an ammonia floating storage and regasification barge (A-FSRB).
Ammonia does not emit CO2 when combusted. In Japan, development is underway of ammonia fuel-mixed combustion power generation at coal-fired power plants as a next-generation thermal power generation technology.
However, using ammonia in existing thermal power plants brings issues such as the need to secure land for new onshore storage tanks and regasification facilities.
The planned A-FSRB is an offshore floating facility that would receive and store ammonia transported via ship as a liquid, and then warm and regasify the ammonia according to demand, sending it to a pipeline onshore.
According to the consortium, it would offer shorter construction times and lower costs compared with construction of onshore storage tanks and regasification plants, and it could speed up the adoption of ammonia fuel, furthering its wider use as a next-generation fuel with a lower environmental impact.
In August 2020, NYK Line, Japan Marine United Corp. (which has a 49% share of NSY) and ClassNK started joint R&D of an A-FSRB.
Now the three parties have concluded a new joint R&D agreement with IHI, an ammonia-related equipment manufacturer.