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Buy

Transaction ID

20211208000013095

Symbol

S51

Stock Name

SEMBCORP MARINE

Filled Price

SGD 0.08400

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Filled

Special Instructions

None

Order Date and Time

08/12/2021 09:42:00 PM

Order Type

Limit Order

Good Till

07/01/2022

Quantity

450000

Filled Quantity

450000

Outstanding Quantity

Filled Details

Filled Quantity	@ Price	Date (Market Time)	Counter Party
450000	SGD 0.08400	09/12/2021	751

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09-Dec-2021 09:30

Seatrium / Sembmarine_Green is the new gold_a better future

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Just done earlier. Anyone know who is " 751" ?

Order Detail

Action

Buy

Transaction ID

20211208000013095

Symbol

S51

Stock Name

SEMBCORP MARINE

Filled Price

SGD 0.08400

Status

Filled

Special Instructions

None

Order Date and Time

08/12/2021 09:42:00 PM

Order Type

Limit Order

Good Till

07/01/2022

Quantity

450000

Filled Quantity

450000

Outstanding Quantity

Filled Details

Filled Quantity	@ Price	Date (Market Time)	Counter Party
450000	SGD 0.08400	09/12/2021	751

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08-Dec-2021 23:32

Seatrium / Sembmarine_Green is the new gold_a better future

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Cambo will eventually get the go ahead, just a matter of time. It has become somewhat of a political issue so the UK government need to show that they have gone through alot of deliberation before giving the go ahead, Otherwise they would lose some political points to the opposition. Many PR pieces like the one below are appearing to prepare the public for the decision. Shell' s move is likely political gesture (wayang) to make a strong point as one of its gas project proposal was rejected earlier. They will come back to the table once the UK government' s stance start to soften.

Op-ed: Cambo: How the UK Needs New Oil and Gas Fields - It' s Part of Going Green, Says Industry Expert

Katy Heidenreich December 8, 2021

Katy Heidenreich, operations director at Oil & Gas UK (OGUK) - Credit: OGUK

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Believe it or not, the UK&rsquo s oil and gas industry is the nation&rsquo s best bet for building a green and low-carbon future &ndash and that includes opening new oil fields like Cambo, writes Katy Heidenreich, operations director at Oil & Gas UK (OGUK) which represents the UK offshore industry.

Shell&rsquo s decision to suspend its involvement in Cambo, the UK&rsquo s next big oil field development, sent shockwaves through our industry last week. And when I say &lsquo our industry&rsquo I&rsquo m thinking not so much about the companies involved in oil and gas &ndash though they are important &ndash but of the 200,000 or so people whose jobs and livelihoods will now be feeling just a little less secure.

They are the backbone of an industry that works through the year to keep our country running. They supply the gas that helps heat 24 million (83%) of UK homes and generates nearly half our electricity.

They also produce oil that gets refined into the petrol, diesel and other fuels that power our cars, vans, buses and trains.

Right now, 10,000 of them are living offshore on 250 oil and gas installations in the North Sea, the Atlantic waters north of Scotland, and the Irish Sea. Those workers come from all over the UK - but many are concentrated in particular regions. These include:

East Anglia, especially Norwich,
Liverpool,
Newcastle,
Middlesbrough,
Scotland&rsquo s central belt,
Dundee,
Aberdeen
Inverness
Hundreds live in or around London
Many come from as far afield as Cornwall, Wales and Northern Ireland.

Credit: OGUK

Wherever they live they are contributing to the economy of their region. When offshore, however, their job is to keep the energy flowing to heat our homes, cook our food, and power our roads and businesses. Tens of thousands more are working onshore in the supply chain, with firms based all around the UK providing engineering, manufacturing, and other services.

Our country relies on those workers &ndash the UK gets 73% of its total energy from oil and gas. For Scotland the levels are even higher &ndash in 2020 it relied on oil and gas for 78% of its total energy and 91% of its heating.

In the future we will rely on them for new forms of energy too. Over the next couple of decades, the oil and gas workers of today will become the people who build and maintain our wind turbines, carbon capture systems, hydrogen production factories and other hardware needed for Britain&rsquo s low carbon future.

That future needs a lot of work and a detailed plan. The UK has a target of becoming carbon neutral by 2050. But we will not hit that target by shutting down our existing oil and gas fields or stopping new ones being developed.

In fact, stifling our existing energy industry would have exactly the opposite effect. It would wipe out the jobs and the workforce skills, such as marine engineering and construction, which are essential to hit that 2050 target.

It would also be expensive. At the moment the UK produces only half the 74 billion cubic meters of gas it consumes annually. It also produces 53 million tonnes of oil &ndash and consumes 59 million tonnes. Last year importing the extra gas and oil needed to make good those production gaps cost the nation about £ 7 billion net &ndash around £ 250 per household.

Why, though, do we need new oil and gas fields on top of the ones we&rsquo ve already got? This is down to geology &ndash the UK is blessed with lots of oil and gas, but it&rsquo s not found in massive reservoirs like those found in Russia and the middle east. Instead, it&rsquo s spread out across hundreds of smaller reservoirs. That means some are always becoming depleted and so need to be replaced by new ones.

Credit: OGUK

The next ten years, for example, will see 1,600 oil and gas wells being decommissioned. These closures would also see UK production of oil and gas plummet by 75% - unless we open new fields. That decline would be far sharper than any reduction we could achieve in demand &ndash so imports would surge with householders and businesses facing all the extra resulting costs.

This is why we need new fields like Cambo. They won&rsquo t boost overall production, but they will maintain it. And that will help maintain the flow of energy needed to see us through till 2050. By then, hopefully, there will be far less need for new oil and gas fields

There are big challenges ahead. We need the government&rsquo s help to persuade the drivers of 32 million diesel and petrol vehicles to switch to an alternative. How can we affordably change the boilers, gas cookers, and fires that heat 24 million UK homes? There&rsquo s also the 35 or so gas-fired power stations that provide nearly half our electricity.

Those challenges are for the government and for all of us as consumers &ndash but the point is that if we don&rsquo t cut demand then emissions are never going to decline. We could shut down the whole UK oil and gas industry, but the only result would be to send imports surging &ndash with no reduction in emissions. The reductions will come only when we find low-carbon replacements for the machines, vehicles, and appliances that power our homes, businesses, and transport.

Planning and implementing that transition will take years of painstaking work and research. For environmental groups that&rsquo s a much tougher and less attractive task than firing broadsides at the oil and gas industry. Our industry, by contrast, is already working to build the low-carbon infrastructure for our future.

We are building two UK projects to capture CO2, the main global warming gas, and planning three more. We are also looking at hydrogen production plants and building and operating ever-larger wind and solar farms. The environmental groups want to tear down the past, but my industry is, literally, building a sustainable future.

This is an Op-ed article. The opinions expressed in this article are the author&rsquo s own and do not necessarily reflect the views or positions of Offshore Engineer.

pkli899 ( Date: 08-Dec-2021 11:29) Posted:

Shell la.....he trying to be naughty.

kopi-boy ( Date: 08-Dec-2021 11:09) Posted:

what do you mean? who is she

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08-Dec-2021 21:52

Seatrium / Sembmarine_Green is the new gold_a better future

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The support of UOBAM and BT is just beginning to show:

Past 1 month performance:
SCI -3.4%
KC -1.1%
SCM +2.4%

Just entered an order to buy some @ 8.4 cents. When transacted, would update who are the counter parties.

weekaykee ( Date: 08-Dec-2021 13:50) Posted:

Despite help from UOBKH and BT, SCM still not moving? Looks like the only way it can move is via winning huge contracts.

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07-Dec-2021 10:16

Seatrium / Sembmarine_Green is the new gold_a better future

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Shortisr getting impatient today, just bought 20+million shares at 8.5 cents....

Oxtail ( Date: 07-Dec-2021 10:12) Posted:

Too thick to understand and find it a hassle to crack open.
Just let him be.

MANFREDTMK ( Date: 07-Dec-2021 10:01) Posted:

A bag money is coming in during Chinese New Year for him to collect. But he is thinking of all ways to reject it. He will live to regret. Time is the best lesson.

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07-Dec-2021 09:51

Seatrium / Sembmarine_Green is the new gold_a better future

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Fortune favours the brave. And Green is the new gold

Oxtail ( Date: 07-Dec-2021 09:45) Posted:

Our future is going to be exciting.

Imagine a fully automated settlement at international water

Wind power offshore station
green ammonia offshore producing plant
green ammonia transport tanker
Data storage station (if there are extra power)
and many more

All the above is within SCM future capabilities. Singapore maybe can project their economic influrence outside Singapore and be an energy producing country.

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07-Dec-2021 08:58

Seatrium / Sembmarine_Green is the new gold_a better future

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Again.....still at cars. We are talking about ships here. Wrong thread.

chart_expert123 ( Date: 07-Dec-2021 08:54) Posted:

https://www.reuters.com/business/energy/chinas-capital-envisages-10000-fuel-cell-vehicles-by-2025-2021-04-08/

https://insideevs.com/news/542665/china-plugin-car-sales-september2021/

I don' t know what you try to compare. This is like compare Nokia smart phone with Android and IOS Smart Phone in 201x.

In total, some 355,000 new plug-in electric cars were registered last month, which is a new all-time record (three in a row, and the third in the past four months). The year-over-year growth rate exceeds 170%, while the result is 24% higher than the previous record in August.

The city of Beijing aims to have over 10,000 fuel cell vehicles on the road and build 74 hydrogen filling stations by 2025,

vicloo ( Date: 07-Dec-2021 08:17) Posted:

More n more of hydrogen fuel cell cars and trucks are already in China

https://www.cnbc.com/2021/08/25/jpmorgan-fuel-cell-vehicles-set-for-gains-in-china-truck-market.htm

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07-Dec-2021 08:42

Seatrium / Sembmarine_Green is the new gold_a better future

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Still at cars. We are talking about ships here. Wrong thread.

chart_expert123 ( Date: 07-Dec-2021 07:18) Posted:

In reality, You cannot fill up like you do with gasoline or diesel. It is actually pretty ridiculous how hard it is to fill up a HFC powered car You won?t even go 100 miles on current tech hydrogen tanks that are still safe to carry around in a car Fuel cells wear out crazy fast and are hard to regenerate Hydrogen as a fuel is incredibly hard to make and distribute with acceptably low losses Additionally, Hydrogen fuel cells have bad theoretical and practical efficiency Hydrogen storage is inefficient, energetically, volumetrically and with respect to weight HFCs require a shit ton of supporting systems, making them much more complicated and prone to failure than combustion or electric engines There is no infrastructure for distributing or even making hydrogen in large quantities. There won?t be for at least 20 or 30 years, even if we start building it like crazy today. Hydrogen is actually pretty hard to make. It has a horrible well-to-wheel efficiency as a result. Easy ways to get large quantities of hydrogen are not ?cleaner? than gasoline. Efficient HFCs have very slow response times, meaning you again need additional systems to store energy for accelerating Even though a HFC-powered car is essentially an electric car, you get none of the benefits like filling it up with your own power source, using it as a smart grid buffer, regenerating energy during braking, etc. Battery electric cars will always be better in every way given the speed of technological developments past, present and future I?ve written my own debunking of the legitimacy of hydrogen fuel cell cars. Physicist Joe Romm, PhD, who oversaw $1 billion in R&D, demonstration, and deployment of low-carbon technology in 1997 as acting assistant secretary of energy for energy efficiency and renewable energy under President Bill Clinton, has written several articles and an entire book on why hydrogen cars are overly hyped, not competitive with battery-electric cars, incredibly dumb, and (obviously) not a winning strategy. The author of the piece above was involved in the first international hydrogen racing championship, and as you can see if you read his articles, knows a lot about the technology. Elon Musk, another vocal HFCV critic, is a physicist by training and was interested since college, at least, in advancing sustainable transport. He specifically went the route of battery-electric vehicles (BEVs) rather than HFCVs because of inherent, huge advantages for BEVs. As he has noted, the theoretical limit for HFCVs isn?t even as good as current-tech BEVs?. As he stated last year: Hydrogen fuel cell cars ?are extremely silly.? ?Hydrogen is an incredibly dumb? fuel. ?Fuel cell is so bullshit, it?s a load of rubbish. The only reason they do fuel cell is because? they don?t really believe it, it?s something that they can? it is like a marketing thing.? ?There?s no need for us to have this debate. I?ve said my piece on this, it will be super obvious as time goes by.? EV expert Julian Cox wrote an article for us a couple years ago on why hydrogen cars are simply not green. The article got a lot of attention and was referenced widely (including by Joe Romm and some mainstream media outlets), but the message doesn?t seem to have broken through to many people in the ?green? and ?cleantech? community. Furthermore, hydrogen fuel cell cars continue to get subsidies from governments ? which is both a waste of money and counterproductive. Sure, keep investing a little bit in R&D, but don?t take away from the cash that should go toward battery-electric vehicles in order to quickly decarbonise transportation and help stop global warming.

chart_expert123 ( Date: 07-Dec-2021 07:15) Posted:

https://energypost.eu/hydrogen-fuel-cell-cars-competitive-hydrogen-fuel-cell-expert/

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06-Dec-2021 15:09

Seatrium / Sembmarine_Green is the new gold_a better future

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BT very on the ball...reported that UOBAM added SCM to its Dec Alpha picks list.

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06-Dec-2021 15:06

Seatrium / Sembmarine_Green is the new gold_a better future

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Yup, CE122 should nominate himself as SCM's CEO. He knows things that nobody knows.

dcproperty ( Date: 06-Dec-2021 13:52) Posted:

Blah, Blah again
Lamented that SMM doesn' t have new contract. Now that SMM is securing new contract... you asked why don' t sell it to third party?
Why don' t tell SMM appoints you as CEO? Let you make all the decisions?
What are you talking lah? You are a man that hard, very hard to please...
Please decided exactly what you like. Don' t act as a small boy!

chart_expert123 ( Date: 06-Dec-2021 12:14) Posted:

SCM can just sold away this Norwegian company with contracts and take back cash to rescue own business instead of asking money from temasek and public. In the past, when scm was profitable, how you want to invest, it is own management decision for own prospect. When you are losing money and begging public and temasek for money, your priority is stop bleeding and breakeven. The lifeline of 960mio is not infinite number, it is reducing day by day if doing nothing

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06-Dec-2021 10:19

Seatrium / Sembmarine_Green is the new gold_a better future

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We really have to forgive this guy. Poor thing, trapped in the Metaverse technological world 20 years ago and cannot get out.

For the record, the fuel tanker is not only transporting green ammonia but fuelled by green ammonia as well.

Sembmarine unit LMG Marin wins contract to design world' s first zero-emission fuel tanker

Sembcorp Marine s (Sembmarine) wholly-owned subsidiary LMG Marin has clinched a contract to design the worlds first green ammonia-fuelled tanker for Grieg Edge, the innovation unit of Norway' s Grieg Maritime Group.

chart_expert123 ( Date: 06-Dec-2021 09:38) Posted:

Ammonia is not a form of energy. It is a transition liquid for easy transportation only. The Fuel cell is referring to the hydrogen. So hydrogen is form of energy for reaction with oxygen to produce water and electricity.

That' s why China development is a model of future. If whole world go for green with hydro power, solar, wind, tide, thermal, nuclear and etc without fossil fuel to produce carbon dioxide and other gases, high speed rail which can be running 600km/h (under testing) will be the transportation country to country.

The key mineral resources will be moved from Fossil Fuels to material to make batteries and fast charging facilities.

Fuel Cell VS Battery, the battle of these 2 green energy storage solutions already started decades. Ammonia is just 1 form of solution of energy conversion and storage for transportation purpose only, you cannot fly the planes with Amonnia. it still has to go through a stage to convert from Ammonia to hydrogen. The parties developing and evolving the batteries are much more than fuel cell now.

Oxtail ( Date: 06-Dec-2021 01:15) Posted:

Green ammonia is a form of energy.
Battery is a container to store electrical energy.

Think about it. There is a reason why no one talks about having our commercial planes fly on battery. All commercial planes still fly on oil.

Anyway, SCM don' t research on energy. They make ships that run on whatever energy that market wants. The key points are SCM is technological ready to market needs.

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05-Dec-2021 21:49

Seatrium / Sembmarine_Green is the new gold_a better future

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Alamak, where are you when Sembmarine started building battery operated ferries for Norled in 2019?

In any case, battery works for cars and near shore ferries and tug boats where battery capacity required in much smaller compared to tankers and container ships and you can build charging stations at or near shore. Also, using battery does not translate immediately to " zero emmission" if the battery is being charged by fossil fuels. It is considered zero emmission only when charged by green energy and hydrogen and ammonia are media to transport green energy to the generators to produce green energy to charge the battery, then it is zero emmission.

But then again, CE123 probably knows more than the collective wisdom of all the maritime experts and engineers.

Sembmarine bags battery powered ferry newbuilds contract from Norled

Singapore shipyard group Sembcorp Marine (Sembmarine) has bagged a contract from Norled to design and build three battery-powered ro-pax ferries.

Marcus Hand | Oct 29, 2018

The 300-passenger, 80 car capacity ferries will be designed by Sembmarine subsidiary LMG Marin and built by the yard group for delivery to Norled in Q4 2021

The plug-in ferries will be designed to operate on zero emissions battery power at a speed of 10 knots, with a hybrid battery/diesel mode as back-up. The vessels will use lithium-ion batteries.

Sembcorp Marine&rsquo s project with Norled marks our entry into the ro-pax ferry design and construction segment,&rdquo said Sembmarine&rsquo s Head of Specialised Shipbuilding Tan Heng Jack said. &ldquo It also demonstrates our ambition to be a leading provider of renewable energy-driven solutions.

chart_expert123 ( Date: 05-Dec-2021 20:08) Posted:

That's why I said, what SCM really doing???????

chart_expert123 ( Date: 05-Dec-2021 20:06) Posted:

The key of a product to push to the market is it must be economical and commercial. China is aggressive buying the minerals required for battery and US is keep making noise China is doing so. I can foresee, future resources to be fight for will be from oil & gas to mineral resources for making battery. Just imagine a power bank charger which capacity is like a vessel, which electricity can be fully charge by 1 day and move to another island or electricity from solar and wind to be stored in a battery and to be used during night time. and non wind time, it can be transported through super high voltage by using cables or battery vessels. As compared to the fuel cells, which need pumps facility to transfer fresh water which has to be 100% clean (earth also face drinking water problem) or have to flush away the residual produced during electrolysis, nitrogen need to be purify with energy, air compression need energy, ammonia conversion need energy, to cool it down for easy transportation need energy. It is really a disaster technology.

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04-Dec-2021 16:28

Seatrium / Sembmarine_Green is the new gold_a better future

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I believe CE123 truly believes he knows better, compared to all the political and industry leaders at the recently concluded UN Climate Change Conference.(COP26).

Singapore' s Temasek Working with Portfolio Firms in Green Transition

Anshuman Daga December 2, 2021

Singapore state investor Temasek is working with its portfolio companies to help them become more green as advancing sustainability goals becomes the new normal, the firm' s chief sustainability officer said on Thursday.

Temasek, with a portfolio valued at S$381 billion ($278.81 billion) as of March, has committed more than S$2 billion this year to the decarbonization sector alone, Steve Howard told the Reuters Next conference.

" We want to work with those companies and help make sure that they are supported in having transition plans," Howard added. " We don' t eliminate carbon or transform to full sustainability overnight, and so it' s a journey."

Large investors have come under increased pressure to factor in environmental, social and governance strategies when deciding where to put their money, with the COP26 climate summit that ended last month providing an additional impetus.

U.N. climate talks ended with a deal that for the first time targeted fossil fuels as the key driver of global warming, while the agreement also kept alive hope of capping global warming at 1.5 degrees Celsius.

Howard said Temasek was also having to make weekly decisions about not investing in certain sectors, namely those it does not consider " part of the future or they' re carbon-intensive without a plan or they have really negative externalities."

Still, the state investor has already set itself targets to lower carbon emissions attributable to its portfolio to half the 2010 levels by 2030, eventually reaching net-zero by 2050.

" If you' d asked me a year ago, I' d say capital markets are still largely asleep. Now they' re awake, they' ve had coffee and they' re starting to make investment decisions," Howard said.

chart_expert123 ( Date: 04-Dec-2021 13:21) Posted:

Build a big battery at jurong Island will be much more realistic to build a ammonia plant. Hydrogen and oxygen are 2 most killer explosive gas which has no solution to prevent ignition with high contents. Really a joke to see hydrogen is still considered to be as energy. Really omg.

chart_expert123 ( Date: 04-Dec-2021 13:08) Posted:

This kind of funny green energy development concept is a joke. At first, which country can produce solar and wind energy more than sufficient for domestic usage and got extra for export? Answer is none. If solar and wind energy are so affordable, stable and constant load, why whole Europe still rely on natural gas and nuclear power. Germany who was the world pioneer to abandon nuclear power and dump multi billion to develop solar energy and wind farm energy 20 years ago. Where they are? Still import electricity from France which own 50 over nuclear plan and natural gas from Russia. When there are not extra electricity to be generated for exporting, this is super funny talking about using electricity from wind and solar energy to do electrolysis on water to produce hydrogen and oxygen and then mix hydrogen with nitrogen as ammonia to export, in fact target is hydrogen which we all known 20 years ago by using hydrogen and oxygen in the air to produce electricity to move car so called hydrogen car. This technology is completely failed and abandoned when Musk Elon's tesla managed to tell whole world how to resolve it by building a long lasting battery which the whole world move to electric car. When electricity can be transmitted through multi thousand km by using high voltage cables from Australia to Singapore, from western China to Eastern China. Here taking about by using electrolysis to make hydrogen and oxygen and mixed with nitrogen to produce ammonia and deliver ammonia and then produce hydrogen again then react with oxygen again to produce electricity and water. What a joke!!!!! Battery and high voltage cables can solve the electricity transport purpose. Biggest Global warming problem is how we are going to replace fossil fuel plant electricity generation which include coal, gas and oil to reduce carbon emissions with green energy including nuclear solar wind thermal sea tide hydro power and etc. What this mean? This mean 63% of electricity generation is still fossil fuels which global has no solution to replace it at all. So where is the extra electricity can play this funny ammonia fuel delivery, which country can export it with extra solar and wind energy. When high voltage cables can be used why through vessels, what vessels fuel going to be used? Ammonia? Or oil again? Come on, please, singspore is small country, temasek is rich but cash cannot be burnt for funny ideal especially outside singapore. Sell away the Norwegian company to whoever interest and stop bleeding!!

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04-Dec-2021 14:52

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................20 years ago

Please forgive CE123, he is still trapped in his metaverse of 20 yrs ago and cannot get out.

World&rsquo s First Liquid Hydrogen-powered Vessel Wins Ship of the Year Award

Singapore, 30 September 2021 &ndash MF HYDRA, a sustainable and innovative ferry designed by Sembcorp Marine&rsquo s subsidiary LMG Marin AS, has won the prestigious Ship of the Year Award given by Skipsrevyen, a 50 year-old Nordic maritime magazine publication house.

The MF HYDRA is a zero-emission vessel operated by Norled and will be the world&rsquo s first vessel to be powered by liquid hydrogen. At more than 82m long with a capacity of up to 300 passengers and 80 cars, MF HYDRA operates at a service speed of about nine knots.

Equipped with an 80m3 liquid hydrogen tank, the vessel is able to ply its route in the fjord area between Hjelmeland, Nesvik and Skipavik for up to three weeks without refuelling. Its sophisticated propulsion system allows batteries to operate in conjunction with the liquid fuel hydrogen fuel cells and also includes a redundancy feature that allows the ferry to sail on biodiesel.

At the Awards ceremony held on 8 September 2021, the Norwegian Prime Minister Ms Erna Solberg made a speech via electronic broadcast and said that MF HYDRA was a ground-breaking project that challenged traditional technological solutions and design.

LMG Managing Director Mr Torbjorn Bringedal said, &ldquo As the world&rsquo s first ship powered by liquid hydrogen, MF HYDRA is a game-changer for the marine industry. It will pave the way for the adoption of hydrogen as a fuel for shipping and support the International Maritime Organization&rsquo s goal to halve global greenhouse gas emissions by 2050. LMG Marin, with our extensive track record of innovative naval architecture, is proud to contribute to global decarbonisation efforts and a more sustainable world for current and future generations.&rdquo

The world`s first hydrogen ferry &ldquo MF Hydra&rdquo awarded Ship of The Year 2021

The award-winning MF HYDRA sailing among the fjords of Norway

chart_expert123 ( Date: 04-Dec-2021 13:08) Posted:

better ( Date: 03-Dec-2021 20:22) Posted:

This comment just goes to show your ignorance. There are enough wind and solar power, just not at the right places and right time. That' s why ammonia and hydrogen as media to store energy is vital for the green energy movement. Go figure.

Many analysts are predicting that ' green' hydrogen and ammonia are going to replace Crude oil and even LNG as the default maritime fuel in 20-30 years time.

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04-Dec-2021 11:02

Seatrium / Sembmarine_Green is the new gold_a better future

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AGRICULTURE | COAL | ENERGY TRANSITION | LNG | PETROCHEMICALS | SHIPPING
04 Nov 2021 | 07:19 UTC

Japan' s MOL aims to commission ' large' ammonia-fueled ammonia tanker in 2026

AuthorTakeo Kumagai
EditorWendy Wells
CommodityAgriculture, Coal, Energy Transition, LNG, Petrochemicals, Shipping

HIGHLIGHTS

Japan sees great potential in ammonia as power generation fuel

Japan' s fuel ammonia demand estimated at 3 million mt/year in 2030

MOL aims for 110 net-zero emission ocean-going vessels by 2035

Japan' s Mitsui O.S.K. Lines, or MOL, said Nov. 4 it aims to commission a " large" ammonia-fueled ammonia tanker in 2026 as part of its efforts to deploy net-zero emission ocean liners in the 2020s.

MOL will jointly develop the large ammonia-fueled ammonia tanker with Japan' s Namura Shipbuilding and Mitsubishi Shipbuilding on a scale that would be accepted by the power generation sector, an MOL spokesperson said, declining to specify the size of the prospective tanker.

The move comes at a time when Japan sees great potential in fuel ammonia as a CO2 zero-emission fuel as the country aims to cut its greenhouse gas emissions by 46% by fiscal year 2030-31 (April-March) from the FY 2013-14 level and achieve carbon neutrality by 2050.

Japan currently estimates the fuel ammonia demand for power generation will be 3 million mt/year in 2030 and expects it to grow to 30 million mt/year in 2050, equivalent to 1.5 times the current international trade of ammonia as a fertilizer, according to the Ministry of Economy, Trade and Industry.

Going net-zero

MOL, which plans to deliver the first pure battery coastal ship in 2022, now plans to deploy net-zero emission ocean-going vessels in the late 2020s and boost the number of ocean liners fueled by synthetic methane, ammonia, hydrogen and biodiesel to about 110 by 2035, the company said.

By 2030, MOL plans to introduce around 90 LNG-fueled ships, excluding LNG carriers.

MOL' s 2035 target reduction by 45% in GHG emission intensity compares against the 2019 level. In fiscal 2019-20, MOL' s Scope 1, 2 and 3 CO2 emissions totaled 14.889 million mt with a GHG emission intensity of 10.86 g CO2e/ton-mile.

MOL has earmarked about Yen 200 billion ($1.8 billion) in the three years from fiscal 2021-22 (April-March) to spend on decarbonization and low carbon businesses, including on LNG carriers, under its first budget focused on environmental strategies as it accelerates efforts toward carbon neutrality.

MOL, which has the world' s largest LNG carrier fleet with 98 tankers -- as at March 31 -- sees growth in LNG as a low-carbon fuel for transport, and has been involved in LNG value chains through its power ship and floating storage regasification unit, or FSRU, businesses. MOL' s LNG carrier fleet is due to expand further to 100 tankers by the end of March 2022.

Sembmarine is currently building a LNG Bulker vessel for MOL. Maybe can get some ammonia tanker biz from MOL in due time

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04-Dec-2021 10:13

Seatrium / Sembmarine_Green is the new gold_a better future

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BT and ST very on the ball on reporting about the ammonia tanker deal. Got picture some more. BT actually accidentally reported the same news twice. The last time, ST did not even publish anything on Napant. Looks like Patrick Daniel already teaching CEO Wong a thing or two.

blackpearl ( Date: 04-Dec-2021 08:25) Posted:

CEO Mr Wong Weng Sun said, &ldquo The world&rsquo s energy transition is underway and the marine industry has been proactive in driving the industry forward towards a greener future. This exciting period of change also opens up new business possibilities and opportunities.

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03-Dec-2021 20:22

Seatrium / Sembmarine_Green is the new gold_a better future

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chart_expert123 ( Date: 03-Dec-2021 19:51) Posted:

Green ammonia is produced with hydrogen derived from water electrolysis powered by renewable sources of energy such as wind and solar, making it an environmentally-friendly fuel. Since when, which country in the world can produce extra wind and solar power for making hydrogen through water electrolysis👏 👏 👏 really a genius discovery when natural gas price hit 7 times in Europe due to insufficient energy for heating and electricity. 👏 👏 👏

chart_expert123 ( Date: 03-Dec-2021 19:43) Posted:

🤣 🤣 🤣 now you all know why the cash burnt so fast from your rights contributions🤣 🤣 🤣

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03-Dec-2021 20:06

Seatrium / Sembmarine_Green is the new gold_a better future

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You might notice that BT and Straits Times are now very prompt in reporting positive news on Sembmarine.

Patrick Daniel, the interim CEO of SPH Media Trust is now also on the executive Committee of SCM' s board.

pkli899 ( Date: 03-Dec-2021 19:31) Posted:

Thanks for the info.
Not bad at all, considering it' s just for design.

better ( Date: 03-Dec-2021 19:22) Posted:

My estiamte- S$10-20mi

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03-Dec-2021 19:22

Seatrium / Sembmarine_Green is the new gold_a better future

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My estiamte- S$10-20mil

ttbanthony ( Date: 03-Dec-2021 18:26) Posted:

Thanks better bro.
But I blur after reading your chim explanation
You are the man. Very knowledgeable.
But what is the estimated value for this contract?

better ( Date: 03-Dec-2021 18:13) Posted:

Thanks for waiting.

Since Sembmarine bought over LMG Marin, LMG Marin have been winning more specialised ship building contracts as they are able to tap onto Sembmarine' s engineering capability, in this case their expertise in ammonia fuel.

The ammonia tanker might or might not be eventually built by Sembmarine, but the design fees will definitely help to pay the expensive salaries of the naval architects and engineers. Having a strong engineering bench is a pre-requisite to be a tier 1 global solution provider. Keppel OM seems to have given up in this area as Keppel is not willing to invest in an entity they are planning to sell.

Ongoing, Sembmarine and its subsidiaries like Sevan SSP and LMG Marin are likely to take part in more FEEDs, concept studies and design contracts which many would result in new build contracts at Sembmarine like the Napant arctic research vessel.

This design contract is widely reported in the media and once again reinforced Sembmarine' s status as a leading green maritime tech solution provider. Green is the new gold

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03-Dec-2021 18:13

Seatrium / Sembmarine_Green is the new gold_a better future

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ttbanthony ( Date: 03-Dec-2021 16:04) Posted:

Waiting for better bro to comment
Bro better, can give your views?
I wait until my neck long now.

pkli899 ( Date: 03-Dec-2021 15:42) Posted:

This contract is for design of the tanker only?
500 m to 1 Bn?
Cannot be that high right?

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