CMB.Tech Invests in China's Ammonia Supply Chain, Signs Agreement
CMB.Tech announced the company is investing in the Chinese ammonia supply chain. CMB.Tech has signed an off-take agreement for green ammonia produced by CEEC Hydrogen Energy in Jilin Province and will own a minority share in privately owned Jiangsu Andefu Energy Technology. CMB.Tech will purchase green ammonia produced in Jilin Province by the CEEC Songyuan project under an off-take agreement. In the first phase of the CEEC Songyuan project, approximately 158,000 tons of renewable ammonia will be produced annually. Construction of the project was completed at the end of September and commercial operation is planned for January 2026. The project is mainly powered by off-grid renewable energy and supported by batteries and hydrogen buffer storage. CEEC appointed Bureau Veritas for the certification audit, and the project obtained ISCC EU RFNBO certification on December 2. CMB.Tech will also acquire a minority stake in Andefu, one of China's largest ammonia supply chain companies. This will create an industrial partnership between two companies supporting maritime decarbonization and the development of a green ammonia supply infrastructure. A subsidiary of Andefu, Jiangsu Andefu Storage, is currently constructing a 49,000 m low-temperature ammonia storage tank in Nanjing, providing critical hub capacity for ammonia distribution and future marine fuel applications. The storage tank is scheduled to be commissioned in Q1 2026. In addition, Andefu, in cooperation with CEEC, will build an ammonia storage terminal into operation in Panjin in the second half of 2027. Andefu is also advancing ship-to-ship ammonia bunkering operations, targeting commercial deployment in 2026, to support the emerging global ammonia-fueled shipping fleet together with CMB.Tech. CMB.Tech will take delivery of 11 ammonia-powered ships next year. Ten Newcastlemax bulkers being built at Qingdao Beihai Shipyard and one 1,400 TEU container vessel being built at China Merchants Industry Weihai will deliver during 2026. The ships will be powered by a dual-fuel diesel-ammonia main engine and carry ammonia as a fuel onboard. This will enable the vessels to sail in dual fuel ammonia configuration for both propulsion and other power requirements between ports.
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CMB.TECH Sells Eight Vessels, Generating $269.2 Million Capital Gain
- Vessel Sale Gains: CMB.TECH has successfully sold eight vessels, generating an estimated capital gain of approximately $269.2 million in Q1 2026, significantly enhancing the company's financial position and providing funding for future investments.
- VLCC Sales Details: The sale of six VLCCs is expected to yield around $261.1 million, aligning with the company's strategic goal of fleet rejuvenation while optimizing its asset structure.
- Capesize Vessel Transactions: Additionally, the sale of two Capesize vessels is projected to generate $8.1 million, further improving liquidity and reducing debt obligations for the company.
- Profit Distribution Plan: CMB.TECH intends to allocate 50% of the profits from these sales to repay existing debt, reflecting its commitment to prudent financial management and shareholder returns.
CMB.TECH Invests in Chinese Ammonia Supply Chain with 158,000 Tonnes Annual Production
- Green Ammonia Investment: CMB.TECH has signed an off-take agreement with CEEC Hydrogen Energy to produce 158,000 tonnes of green ammonia annually in Jilin Province, with commercial operations expected to commence in January 2026, thereby enhancing the company's positioning in the green energy sector.
- Strategic Partnership: CMB.TECH will acquire a minority stake in Jiangsu Andefu Energy Technology, creating an industrial partnership that supports maritime decarbonization and the development of green ammonia supply infrastructure, which will strengthen its competitive edge in the market.
- Storage Facility Development: Andefu is constructing a 49,000 m³ low-temperature ammonia storage tank in Nanjing, scheduled for commissioning in Q1 2026, which will provide critical capacity for ammonia distribution and future marine fuel applications.
- Vessel Delivery Plans: CMB.TECH plans to take delivery of 11 ammonia-powered ships in 2026, featuring dual-fuel engines, marking a significant advancement in the company's journey towards zero-emission maritime transportation.
