NH3 Clean Energy Limited (‘NH3’ or ‘the Company’) is delighted to advise that it has signed a Memorandum of Understanding (‘MoU’) with Mitsui O.S.K. Lines Ltd. (‘MOL’) and Oceania Marine Energy (‘Oceania’) regarding the development of clean ammonia bunkering operations in the Pilbara region of Western Australia.
HIGHLIGHTS
- The MoU outlines collaboration between NH3, MOL and Oceania over the next 12 months intended to support the establishment of clean ammonia bunkering operations at the Port of Dampier by 2030.
- MOL is a global shipping company that is looking to establish a fleet of ammonia duel-fuelled capesize bulk carriers on the West Australia to East Asia trade route and ensure appropriate low-emissions bunkering arrangements are in place.
- The objectives of the MoU are to:
- Develop a compelling, integrated proposition to supply clean ammonia fuelled ships plus clean ammonia bunkering services to make it straightforward for Australian mining companies to move to clean ammonia-fuelled shipping; and
- Aggregate initial bunkering demand of 300,000 TPA of clean ammonia which would be supplied from NH3’s planned WAH2 Project (‘WAH2 Project’)1; and
- Support the Final Investment Decision (‘FID’) for the WAH2 Project planned for late 2026.
- This MoU builds on the collaboration already occurring under the Joint Development Agreement2 (‘JDA’) that NH3 previously signed with Pilbara Ports Authority (‘Pilbara Ports’) and Oceania.
- The MoU signing ceremony was hosted by the Hon Roger Cook MLA, Premier of Western Australia.
EXECUTIVE SUMMARY
NH3 and Oceania previously signed a JDA with Pilbara Ports with the objective of establishing clean ammonia bunkering operations at the Port of Dampier by 2030 to service iron ore carriers and support decarbonisation of the Pilbara-Asia maritime corridor.
This MoU builds on the JDA by extending collaboration to include MOL, a major global shipping company and a leader in ammonia-fueled bulk carriers (the type of ship used to export Australia’s iron ore).
By working together, the parties intend to develop a single, integrated proposition for clean ammonia-fueled shipping and bunkering that will provide a compelling case for Australian mining companies to move to clean ammonia-fueled shipping to help decarbonise Australian iron ore exports.
Initial bunkering demand of 300,000 TPA of clean ammonia would represent approximately half of the planned production capacity from Phase 1 on the WAH2 Project3.
By establishing clean ammonia bunkering operations by 2030, Western Australia has the potential to be a world leader in reducing emissions from maritime shipping in conjunction with decarbonising and diversifying the State’s economy.
The Front-End Engineering and Design (‘FEED’) phase of the WAH2 Project commenced in August with approvals and commercial workstreams underway 4 , 5. The project timeline envisages the completion of all FEED workstreams by the end of 2026.
NH3’s Chairman, Charles Whitfield, commented:
“We are delighted to have this agreement with MOL that helps to take the clean ammonia bunkering business another step closer to reality. Linking ammonia production from the WAH2 Project to Oceania’s refueling services, Pilbara Ports logistics and infrastructure and now MOL shipping fleet demonstrates the viability of this new industry. I’d also like to thank Premier Cook and his team for their ongoing support for the vision of realising a cleaner future for our miners and energy exports.”
MOL’s Managing Executive Officer, Kazuhiro Takahashi, commented:
“We are honored to sign this MoU with NH3 and Oceania today, which will be a vital hub for our ammonia dual-fueled capesize bulkers scheduled to commence operations from 2026.
This collaboration marks an important milestone in our efforts to establish a safe and reliable ammonia bunkering operation in the Pilbara region. By working closely with our partners, we look forward to building a robust framework for safe ammonia bunkering and advancing sustainable shipping together.”
Oceania’s managing Director, Nick Bentley, commented:
“Oceania’s collaboration with MOL and NH3 Clean Energy shows how partnerships across the energy and shipping sectors can deliver real emission reduction outcomes for Australia’s iron ore exporters and shipping industry. By combining NH3’s planned clean ammonia production capacity, Pilbara Ports’ infrastructure, Oceania’s bunker services and MOL’s pioneering dual-fuel fleet, we would create an integrated end-to-end marine fuel solution that enables our customers to meet the IMO’s decarbonisation targets.”
Premier of Western Australia, Hon Roger Cook MLA, commented:
“One of my government’s priorities is to diversify WA’s economy so that it remains the strongest in the nation by becoming a global leader in investment attraction and a renewable energy powerhouse. Supporting new export industries create jobs, reduce emissions and deliver long-term economic opportunities for our State.”
Webinar Reminder
Shareholders and interested parties are also reminded that NH3 will host a live webinar tomorrow to present the latest developments on the WAH2 Clean Ammonia Project in the Pilbara.
Date: Wednesday, 8 October 2025
Time: 12:00pm AEDT / 9:00am AWST
Register: https://us02web.zoom.us/webinar/register/WN_bM1y7IsyStSzmJZ46JjflQ
