Peninsula and Itochu launch ammonia bunkering venture

AI Summary

Peninsula and Itochu have launched a joint venture called I&P Marine Ammonia to develop ammonia bunkering services across Europe and the Mediterranean. The venture aims to build supply chains for ammonia as a marine fuel in key ports.

Marine fuel supplier Peninsula and Japanese trading house Itochu have launched a joint venture to develop ammonia bunkering across Europe. The new company, I&P Marine Ammonia, will focus on key European and Mediterranean ports as the partners look to build supply chains for ammonia as a marine fuel. The venture follows a memorandum of understanding …