The JDP evaluates the technical, financial, and regulatory opportunities of fuel cell and precombustion CCS technologies.
Hamburg, Germany – September 4, 2024 – Lloyd’s Register’s (LR) business advisory team is partnering with energy companies Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, and RotoBoost on a fuel cell and pre-combustion Carbon Dioxide Capture Storage System (CCS) study to assess opportunities for emissions reduction. The joint development project (JDP) will evaluate the use of hydrogen fuel cells, ammonia and methane cracking technology, and CCS from a technical readiness, financial, and regulatory perspective.
Outcomes will determine the technologies’ ability to reduce emissions and costs across a specific container feeder fleet, in relation to EU ETS (Emissions Trading Scheme) FuelEU and IMO CII (Carbon Intensity Indicator) requirements, compared to conventional fuels.
Amogy’s ammonia-to-electrical power system, Rotoboost’s Marine Hydrogen production technology, as well as PowerCell’s Marine System 200 hydrogen fuel cell will be central to the research, which also considers additional associated costs compared with other emerging fuels.
Jack Spiros Pringle, Lead Consultant, Business Advisory, Lloyd’s Register, said: “This JDP represents a significant step forward for alternative forms of propulsion as shipowners explore options to align with the new EU carbon market requirements and international regulations. As a trusted adviser to the maritime industry, Lloyd’s Register is working with partners to validate these innovative energy converters and ensure that they offer maximum savings and benefits.”
Seonghoon Woo, CEO at Amogy said: “Amogy’s ammonia-to-power system provides a clean energy solution for the maritime industry. The adoption of Amogy’s system presents a strong competitive edge by not only lowering carbon emissions for this hard-to-abate sector but also affecting commercial upside by avoiding European carbon taxes and improving compliance with the CII regulations.”
Kaisa Nikulainen, CEO, ROTOBOOST, said: “ROTOBOOST’s Marine Hydrogen technology not only generates solid carbon as a byproduct during the hydrogen production process, but also enables LNG to become a compliant fuel many years into the future, in addition to its wide availability and affordability. By removing carbon from LNG before it combusts, ROTOBOOST’s thermocatalytic decomposition process system transforms what would have become CO2 into a highly valuable solid carbon. This approach bridges the gap between economic viability and environmental sustainability. This Joint Development Project combines commercial and technical expertise to explore emerging emissions reduction technologies, ultimately driving shipping’s decarbonisation through truly sustainable solutions.”
Lloyd’s Register issued a feasibility statement for Amogy’s Technology Qualification Plan in February this year and issued Approval in Principle to Rotoboost’s pre-combustion carbon capture system in March 2023.
About Amogy:
Amogy provides carbon-free energy solutions to decarbonize hard-to-abate sectors such as maritime, power generation, and heavy industry. Proven in real-world applications, its patented ammonia cracking technology is mature, scalable and a highly efficient method for splitting liquid ammonia, generating electrical power in combination with hydrogen fuel cells.
Amogy is headquartered in Brooklyn, New York, with additional locations including Houston, Texas, Norway, and Singapore. Amogy is backed by investors including Amazon’s Climate Pledge Fund, Temasek, SK Innovation, Aramco Ventures, Mitsubishi Corporation, and AP Ventures. For more information, follow Amogy on LinkedIn, X, Instagram, Threads, Facebook, and YouTube, or visit www.amogy.co.
Media Contact:
amogy@famapr.com
About Lloyd’s Register
Trusted maritime advisors, partnering with clients to drive performance across the ocean economy.
Lloyd’s Register (LR) is a global professional services group specialising in marine engineering and technology. Created more than 260 years ago as the world’s first marine classification society, to improve and set standards for the safety of ships.
Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.
We also provide advice, support and solutions on fleet performance and optimisation, voyage optimisation, enhancing our clients’ digital capability. Our digital solutions are relied upon by more than 20,000 vessels.
In the race to zero emissions, our research, technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.
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About ROTOBOOST
ROTOBOOST is a global hydrogen energy company. Established in Norway, ROTOBOOST is dedicated to providing affordable and scalable solutions for large-scale carbon reduction in industrial sectors through leading-edge Thermo-Catalytic Decomposition (TCD) technology. Committed to being a pioneer in low-carbon energy solutions. ROTOBOOST operates with a network of organizations in Norway, Finland, UAE, China and Malaysia, ensuring localized teams and services for clients worldwide.
For more project information, visit www.rotoboost.com or contact info@rotoboost.com
