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Energy

Keppel and Sumitomo to develop ammonia as ship fuel in Singapore

First attempt ever to create a whole supply chain for such sea-based refueling

Singapore is the world's largest marine refueling hub.

TOKYO -- Singapore's Keppel, Japan's Sumitomo, Denmark's Maersk and three other companies have joined forces to develop ammonia fuel for ships in a new green energy initiative, the group announced on Thursday.

The companies hope to turn the venture into a new business in Singapore, the world's largest marine refueling hub. The project includes developing a specialized ammonia tanker and infrastructure for refueling operations in the ocean.

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