DAI Infrastruktur GmbH (DAI) enters into a ten-year Green Ammonia purchase agreement with Naftomar Shipping and Trading Co. Ltd. Inc. (NAFTOMAR)
Frankfurt (Germany), Athens (GR), Cairo (Egypt), June 23rd, 2023
DAI announced today that it has signed a memorandum of understanding (MOU) regarding a ten-year 400.000t p.a. offtake contract with NAFTOMAR a full vessel owner & operator and trader of LPG and Ammonia.
First orders are expected to be delivered in the first quarter of 2028. The green ammonia will be produced at the company’s project in East Port Said, Egypt, where DAI is currently developing a 2.000.000 tonnes p.a. capacity (2mtpa) green Ammonia plant named “Ra”.
sectoral training
NAFTOMAR expects to use the green ammonia for trading to worldwide markets and for mobility applications as maritime fuel for vessels.
This MOU represents DAI’s third green ammonia offtake, totalling now 1.400.000 tonnes of green ammonia to be delivered, as planned, after Q1 2028. The otal green ammonia production is estimated to reach 1.65m tonnes of green ammonia annually.
DAI’s Ioannis Papassavvas stated: “On behalf of the stakeholders of the Ra green ammonia plant, we at DAI are really delighted to announce today the signing of this green ammonia agreement together with NAFTOMAR. This is the third agreement we have signed so far for the Ra project. Given the fact that we have, as of today, signed off-take agreements covering 85% of the estimated production capacity and that two of our main off taking partners see green ammonia also as one of the dominant marine fuels in the future, puts us in a very comfortable and unique position regarding Ra. We do look forward partnering with NAFTOMAR on this project as this market continues to develop.”
NAFTOMAR’s Paolo Michi said that “the path to lower emissions in the maritime industry is given and securing marine fuel like green ammonia for our fleet and our customers will be a road that every vessel owner & operator hs to go. We are happy to have secured 400.000t of green ammonia from Project Ra. As ESG criteria and the reduction of our carbon footprint will play also a significant role going forward, project Ra is helping us to accelerate the transition into a CO2 free environment in the shipping industry.”
