Amogy and Trafigura are studying the feasibility of large-scale ammonia cracking to ensure the development of clean hydrogen.
A technology of the future
Amogy will use its technology to supply hydrogen to pipelines and vehicles. The technique can also be used in steel manufacturing and for thermal power plants. The results of the joint research have the potential to accelerate the adoption of ammonia as a clean hydrogen transport vehicle.
Amogy’s conversion platform is based on a proprietary cracking technology. The company is looking to use it in larger applications and to establish strategic partnerships in that context. The two companies are looking to identify scenarios that could intervene in the growing hydrogen market in Europe.
The European continent is aiming for a consumption of 20 million tons of hydrogen by 2030. The partnership between Amogy and Trafigura will help understand and explore the benefits and potential of the conversion platform. Seonghoon Woo, CEO and co-founder of Amogy, says:
“We look forward to working with Trafigura to identify large-scale ammonia cracking opportunities to enable global hydrogen transportation.”
Multiple partnerships
Trafigura is a major commodity trading group. In addition, Trafigura deploys infrastructure, logistics and financing to link producers and consumers. In addition, the company has 13,000 employees in 48 countries.
Trafigura relies on metals producer Nyrstar and Puma Energy for fuel distribution. The company is also developing a partnership with Impala Terminals, a port and logistics service provider. Finally, the company is involved with Nala Renewables, an investment platform.
Amogy is receiving investment from Amazon’s Climate Pledge Fund. AP Ventures, SK Innovation, Saudi Aramco Energy Ventures and DCVC are also providing financial support. To date, the company’s energy system is successfully operating in a drone and a heavy tractor.
