Norway, through ENOVA, will provide investment support via a competitive bidding process for projects that will use ammonia as fuel in marine vessels. ENOVA aims to support a maximum of NOK 300 million (up to 80% of the project’s approved additional costs) with applicants judged on cost effectiveness and project maturity.
With the requirement of the primary fuel to be ammonia and no support for ammonia production, the scheme aims to reduce the cost gap for investment and operation of ammonia vessels and the network barrier between producers and users over the use of ammonia for vessel.
Here’s our take at Yamna!
