China's COSCO Shipping and Fortescue sign preliminary agreement for green fuel supply chain, exploring green ammonia-fueled vessels for China-Australia iron ore shipping.
China's COSCO Shipping and Australia's Fortescue signed a preliminary agreement to build a green fuel supply chain to reduce pollution from the shipping industry. They plan to explore constructing and deploying green ammonia-fueled vessels, owned by COSCO or jointly, to transport iron ore and other minerals, reducing carbon emissions in the China-Australia iron ore green shipping corridor.
July 29, 2024
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