CORE POWER launch event showcases clean fuel solution for Atlantic ‘green corridor’

CORE POWER has shown how ‘green fuel’ for shipping can be produced reliably at low cost using a unique floating nuclear power plant design combined with an ‘ammonia refinery’ at either end of green corridors being proposed in the Clydebank declaration, signed at COP26 earlier this year.
‘Making green ammonia from 100% clean hydrogen and nitrogen is very energy intensive and requires reliable low-cost electricity, and production of fuels must happen where we need it and when we need it.’ says Dr Rory Megginson, head of Analytics at CORE POWER in London.
During the launch event of CORE POWER’s Client Program on the 13th July, the company demonstrated how a single installation in the US Gulf could produce 1.3 million metric tons of 100% green ammonia, at a cost that could compete with low sulphur bunker fuel and carbon taxes. Core Power is pioneering the work of developing the market for marine-appropriate new nuclear technology.
‘Placing a floating refinery at either end of a ‘green corridor’, in the US Gulf and UK Continent would provide a reliable, low-cost fuel supply to all ships trading on that route, and have plenty of green hydrogen-based fuel left over for supply to the inland and coastal markets’, says Dr Megginson.
The CORE POWER design features a cylindrical ‘spar type’ hull of 90 metres in diameter fitted with four molten salt reactors, producing 1,200 MW of electricity round the clock, whatever the weather.
‘The key advantage of the molten salt reactor for this purpose is that we can top up the fuel at full power, so we don’t have to stop to refuel, and that means we can run for a very long time at max capacity,’ says Giulio Gennaro, Chief Technical Officer of CORE POWER.
‘The MSR is an ambient pressure reactor which cannot pollute the environment in the event of a mishap or an accident, and that’s popular. The lack of pressure also means the emergency planning zone around the installation should be confined to the boundary of the ‘site’ or the hull itself’, explains Gennaro.
The global shipping industry is seeking solutions to replace fossil fuels to meet climate targets set by the member states of the IMO. Green ammonia is one of the candidate fuels being considered, despite the low energy content and high toxicity of the substance as a fuel.
Proposals to produce green ammonia from weather dependent power machinery is struggling to solve intermittency and reliability issues and as a direct result, bringing the cost of production to levels where demand can be formed.
Showing how a reliable power solution could be built in the coming decade, CORE POWER also demonstrated how offshore wind can feed power to the system when conditions are right.
‘Combining the output of intermittent offshore wind with reliable floating nuclear means the billions spent on renewables can live up to its promise and shake its heavy dependence on fossil fuels on still or stormy days’ concludes Megginson.
Related News.
October 16, 2026
Navigating the Multi-Orbit Era: In Conversation with Intellian’s Jon Harrison at SMM 2026
At SMM 2026 in Hamburg, the rapid evolution of maritime satellite communications took centre stage. Across the exhibition halls, discussions among…
October 16, 2026
Cyprus ports need joint energy and investment strategy, shipping agents chief says
Cyprus needs a coordinated strategy for shipping, energy and environmental protection to support port investment and modernisation, Cyprus shipping…
October 16, 2026
MASO Public Affairs introduces MASO Regulatory Intelligence
A new subscription service helping businesses understand what is changing and what it means for them MASO Public Affairs introduces MASO Regulatory…
October 16, 2026
Anglo-Eastern helps turn CMBTECH’s ammonia ambition into an operational reality
From early feasibility study and risk-based design to newbuilding supervision, crew readiness and technical management, Anglo-Eastern drew on its…
October 16, 2026
Escalation of attacks threatens to derail recovery in Middle East oil exports
World oil demand is forecast to fall by 2.5 mb/d y-o-y in 4Q26 and 2.6 mb/d on average in 2026. As the Iran war manifests itself through restricted…
October 16, 2026
New study finds shipping pays twice its share to EU ETS earmarked revenues should triple to help build market for sustainable fuels and technologies
Shipping is responsible for around 10% of EU ETS emissions but pays almost 20% of the ETS bill. Unlike other sectors, it has never received free…
October 16, 2026
MSARC strengthens maritime mass rescue readiness through training and national live exercise off Dakar, Senegal
Joint MSARC–FHAS programme combines three days of SAR training with a national multi-agency live exercise The Maritime Search and Rescue Council ,…
October 16, 2026
Sogese report deliveries are still being delayed as container freight rates fluctuate
FOR IMPORTERS Spot rates into the Mediterranean are back at January levels, Far East to Europe reliability sits at pandemic lows, and nearly…
October 16, 2026
Glencore begins trading on Australian Securities Exchange
Glencore has begun trading on the Australian Securities Exchange under the ASX code GLC. Gary Nagle, Glencore’s CEO, said it was an exciting day for…
October 16, 2026
BIMCO Shipping Number of the Week
Suez Canal container ship transits exceed 50% of pre-disruption levels "During the first two weeks of October, weekly container ship capacity…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























