The Afternoon Update with Lynlee Foo

Industry Insight: Steering towards maritime decarbonisation with ammonia technology


Listen Later

The shipping industry, the backbone of international trade, is very carbon intensive. It is responsible for emitting close to 1 billion tonnes of greenhouse gasses per year, equivalent to the emissions of a G7 country like Germany or Japan. In September, Amogy, a New York-headquartered company focusing on ammonia-to-power solutions, has successfully demonstrated its technology on a maritime vessel for the first time. 

Amogy retrofitted a 1957 tugboat with its ammonia-to-power fuel cell system. In what it says is a world first, Amogy's NH3 Kraken sailed on the Hudson River on carbon-free fuel for the first time. CEO and co-founder of Amogy, Seonghoon Woo, shares more about its proprietary technology, and why it is a significant step towards reducing global carbon emissions and moving the maritime industry closer to the International Maritime Organisation's target of net-zero emissions by 2050.   

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

The Afternoon Update with Lynlee FooBy MONEY FM 89.3


More shows like The Afternoon Update with Lynlee Foo

View all
Motley Fool Money by The Motley Fool

Motley Fool Money

3,228 Listeners

Exchanges by Goldman Sachs

Exchanges

978 Listeners

BT Money Hacks by The Business Times

BT Money Hacks

1 Listeners

Yah Lah But by Ministry of Funny

Yah Lah But

16 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,312 Listeners

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek by MONEY FM 89.3

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

0 Listeners

Money Matters with Hongbin Jeong and Chua Tian Tian by MONEY FM 89.3

Money Matters with Hongbin Jeong and Chua Tian Tian

0 Listeners

Your Money with Michelle Martin by MONEY FM 89.3

Your Money with Michelle Martin

1 Listeners

The Daily Ketchup by The Daily Ketchup

The Daily Ketchup

6 Listeners

The Markets by Goldman Sachs

The Markets

78 Listeners

Providend's Money Wisdom by Providend Ltd

Providend's Money Wisdom

2 Listeners

Money Talks by CNA

Money Talks

1 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

3 Listeners

Big Take Asia by Bloomberg

Big Take Asia

24 Listeners

The Economics Show by Financial Times

The Economics Show

151 Listeners