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NYK to invest in Tsubame BHB, a venture company originating at Tokyo Institute of Technology

NYK has made the decision to invest in Tsubame BHB Co. Ltd., a venture company originating at Tokyo Institute of Technology. Tsubame BHB is working on the practical application of an on-site ammonia synthesis system* that uses a special catalyst technology to produce a required amount of ammonia at a required location.

Background

Ammonia is a chemical product that has been used as a raw material for fertilizers and chemical products for a long time, and since it does not emit carbon dioxide (CO2) when burned, it is expected to be a next-generation fuel that contributes to the fight against global warming. Ammonia is also considered promising as an energy carrier for transporting and storing CO2-free hydrogen** and is attracting attention as a zero-emission fuel that does not emit carbon dioxide (CO2).
NYK has been promoting the practical use of ammonia as a next-generation fuel for marine vessels and the establishment of an energy chain through joint research and development of ammonia-fueled tugboats for practical use and joint research of liquefied ammonia gas carriers and floating ammonia storage and regasification facilities.