Seatrade-Maritime: Peninsula and ITOCHU step up ammonia fuel ambitions

Published by Seatrade-Maritime

Global marine energy supplier Peninsula has announced the creation of I&P Marine Ammonia Ltd. (IPMA), a joint venture with Japanese conglomerate ITOCHU Corporation, to accelerate the development of ammonia marine fuel bunkering across key European ports.

IPMA will promote the supply of ammonia as a next-generation zero carbon marine fuel, with an initial focus on major strategic European and Mediterranean hubs. These locations represent critical regions in global maritime logistics and will play a central role in enabling the adoption of alternative fuels at scale.

The joint venture follows the signature of a Memorandum of Understanding (MoU) between Peninsula and ITOCHU in September 2023, for the joint development of ammonia bunkering infrastructure and supply chains.

Peninsula said the venture represents a natural progression of the company’s strategy to provide customers with practical, scalable decarbonisation pathways.

The partnership brings together Peninsula’s global bunkering expertise, a global supply network and covering over 500 ports across all major bunkering hubs, and ITOCHU’s integrated approach to ammonia across fuel production and supply chain development.

Both companies combine strengths to develop a robust ammonia bunkering framework, supply and infrastructure with the customer-facing expertise required to deliver ammonia as bunker fuel reliably at scale.

With an initial focus on Europe, IPMA will accelerate the emergence of an operational ammonia marine fuel supply chain, complementing and reinforcing the broader industry initiatives already underway across the region.