IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i2p827-d1321423.html
   My bibliography  Save this article

Technical–Economic Analysis for Ammonia Ocean Transportation Using an Ammonia-Fueled Carrier

Author

Listed:
  • Youngkyun Seo

    (Offshore Industries R&BD Center, Korea Research Institute of Ships & Ocean Engineering, 1350, Geojebuk-ro, Jangmok-myeon, Geoje-si 53201, Republic of Korea)

  • Jiyoung An

    (Energy and Climate Policy Research Group, Division of Hydrogen Economy, Korea Energy Economics Institute, 405-11, Jongga-ro, Jung-gu, Ulsan 44543, Republic of Korea)

  • Eunyoung Park

    (Offshore Industries R&BD Center, Korea Research Institute of Ships & Ocean Engineering, 1350, Geojebuk-ro, Jangmok-myeon, Geoje-si 53201, Republic of Korea)

  • Jintae Kim

    (Offshore Industries R&BD Center, Korea Research Institute of Ships & Ocean Engineering, 1350, Geojebuk-ro, Jangmok-myeon, Geoje-si 53201, Republic of Korea)

  • Meangik Cho

    (Offshore Industries R&BD Center, Korea Research Institute of Ships & Ocean Engineering, 1350, Geojebuk-ro, Jangmok-myeon, Geoje-si 53201, Republic of Korea)

  • Seongjong Han

    (Offshore Industries R&BD Center, Korea Research Institute of Ships & Ocean Engineering, 1350, Geojebuk-ro, Jangmok-myeon, Geoje-si 53201, Republic of Korea)

  • Jinkwang Lee

    (Department of Mechanical Convergence Engineering, Gyeongsang National University, 48-54 Charyong-ro, Uichang-gu, Changwon 51391, Republic of Korea)

Abstract

This study performed a technical–economic analysis for ship-based ammonia transportation to investigate the feasibility of international ammonia transportation. Ammonia is considered to be a vital hydrogen carrier, so the international trade in ammonia by ship will considerably increase in the future. This study proposed three scenarios for transporting ammonia from the USA, Saudi Arabia, and Australia to South Korea and employed an 84,000 m 3 class ammonia carrier. Not only traditional very low sulfur fuel oil (VLSFO)/marine diesel oil (MDO) but also LNG and ammonia fuels were considered as propulsion and power generation fuels in the carrier. A life-cycle cost (LCC) model consisting of capital expenditure (CAPEX) and operational expenditure (OPEX) was employed for the cost estimation. The results showed that the transportation costs depend on the distance. The unit transportation cost from the USA to South Korea was approximately three times higher than that of Australia to South Korea. Ammonia fuel yielded the highest costs among the fuels investigated (VLSFO/MGO, LNG, and ammonia). When using ammonia fuel, the unit transportation cost was approximately twice that when using VLSFO/MDO. The fuel costs occupied the largest portion of the LCC. The unit transportation costs from Australia to South Korea were 23.6 USD/ton-NH3 for the LVSFO/MDO fuel case, 31.6 USD/ton-NH3 for the LNG fuel case, and 42.9 USD/ton-NH3 for the ammonia fuel case. This study also conducted a sensitivity analysis to investigate the influence of assumptions, including assumed parameters.

Suggested Citation

  • Youngkyun Seo & Jiyoung An & Eunyoung Park & Jintae Kim & Meangik Cho & Seongjong Han & Jinkwang Lee, 2024. "Technical–Economic Analysis for Ammonia Ocean Transportation Using an Ammonia-Fueled Carrier," Sustainability, MDPI, vol. 16(2), pages 1-16, January.
  • Handle: RePEc:gam:jsusta:v:16:y:2024:i:2:p:827-:d:1321423
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/2/827/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/16/2/827/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lewandowska-Bernat, Anna & Desideri, Umberto, 2018. "Opportunities of power-to-gas technology in different energy systems architectures," Applied Energy, Elsevier, vol. 228(C), pages 57-67.
    2. Franco, Brais Armiño & Baptista, Patrícia & Neto, Rui Costa & Ganilha, Sofia, 2021. "Assessment of offloading pathways for wind-powered offshore hydrogen production: Energy and economic analysis," Applied Energy, Elsevier, vol. 286(C).
    3. Julia Hansson & Selma Brynolf & Erik Fridell & Mariliis Lehtveer, 2020. "The Potential Role of Ammonia as Marine Fuel—Based on Energy Systems Modeling and Multi-Criteria Decision Analysis," Sustainability, MDPI, vol. 12(8), pages 1-20, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iva Ridjan Skov & Noémi Schneider & Gerald Schweiger & Josef-Peter Schöggl & Alfred Posch, 2021. "Power-to-X in Denmark: An Analysis of Strengths, Weaknesses, Opportunities and Threats," Energies, MDPI, vol. 14(4), pages 1-14, February.
    2. Thomas Buckley Imhoff & Savvas Gkantonas & Epaminondas Mastorakos, 2021. "Analysing the Performance of Ammonia Powertrains in the Marine Environment," Energies, MDPI, vol. 14(21), pages 1-41, November.
    3. Abdulrahman Joubi & Yutaro Akimoto & Keiichi Okajima, 2022. "A Production and Delivery Model of Hydrogen from Solar Thermal Energy in the United Arab Emirates," Energies, MDPI, vol. 15(11), pages 1-14, May.
    4. Andrade, Carlos & Selosse, Sandrine & Maïzi, Nadia, 2022. "The role of power-to-gas in the integration of variable renewables," Applied Energy, Elsevier, vol. 313(C).
    5. Lee, Boreum & Park, Junhyung & Lee, Hyunjun & Byun, Manhee & Yoon, Chang Won & Lim, Hankwon, 2019. "Assessment of the economic potential: COx-free hydrogen production from renewables via ammonia decomposition for small-sized H2 refueling stations," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    6. Wiegner, J.F. & Andreasson, L.M. & Kusters, J.E.H. & Nienhuis, R.M., 2024. "Interdisciplinary perspectives on offshore energy system integration in the North Sea: A systematic literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PA).
    7. Daraei, Mahsa & Campana, Pietro Elia & Thorin, Eva, 2020. "Power-to-hydrogen storage integrated with rooftop photovoltaic systems and combined heat and power plants," Applied Energy, Elsevier, vol. 276(C).
    8. Shi, Tao & Xu, Huijin, 2022. "Integration of hydrogen storage and heat storage in thermochemical reactors enhanced with optimized topological structures: Charging process," Applied Energy, Elsevier, vol. 327(C).
    9. Georgios Varvoutis & Athanasios Lampropoulos & Evridiki Mandela & Michalis Konsolakis & George E. Marnellos, 2022. "Recent Advances on CO 2 Mitigation Technologies: On the Role of Hydrogenation Route via Green H 2," Energies, MDPI, vol. 15(13), pages 1-38, June.
    10. Klöckner, Kai & Letmathe, Peter, 2020. "Is the coherence of coal phase-out and electrolytic hydrogen production the golden path to effective decarbonisation?," Applied Energy, Elsevier, vol. 279(C).
    11. Chiong, Meng-Choung & Kang, Hooi-Siang & Shaharuddin, Nik Mohd Ridzuan & Mat, Shabudin & Quen, Lee Kee & Ten, Ki-Hong & Ong, Muk Chen, 2021. "Challenges and opportunities of marine propulsion with alternative fuels," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    12. Michail Cheliotis & Evangelos Boulougouris & Nikoletta L Trivyza & Gerasimos Theotokatos & George Livanos & George Mantalos & Athanasios Stubos & Emmanuel Stamatakis & Alexandros Venetsanos, 2021. "Review on the Safe Use of Ammonia Fuel Cells in the Maritime Industry," Energies, MDPI, vol. 14(11), pages 1-20, May.
    13. Vinicius Andrade dos Santos & Patrícia Pereira da Silva & Luís Manuel Ventura Serrano, 2022. "The Maritime Sector and Its Problematic Decarbonization: A Systematic Review of the Contribution of Alternative Fuels," Energies, MDPI, vol. 15(10), pages 1-30, May.
    14. Chauvy, Remi & Dubois, Lionel & Lybaert, Paul & Thomas, Diane & De Weireld, Guy, 2020. "Production of synthetic natural gas from industrial carbon dioxide," Applied Energy, Elsevier, vol. 260(C).
    15. Lee, Boreum & Lim, Dongjun & Lee, Hyunjun & Byun, Manhee & Lim, Hankwon, 2021. "Techno-economic analysis of H2 energy storage system based on renewable energy certificate," Renewable Energy, Elsevier, vol. 167(C), pages 91-98.
    16. Corey Duncan & Robin Roche & Samir Jemei & Marie-Cécile Péra, 2022. "Techno-economical modelling of a power-to-gas system for plant configuration evaluation in a local context," Post-Print hal-03692975, HAL.
    17. Gianpiero Colangelo & Gianluigi Spirto & Marco Milanese & Arturo de Risi, 2021. "Progresses in Analytical Design of Distribution Grids and Energy Storage," Energies, MDPI, vol. 14(14), pages 1-43, July.
    18. Danko Vidović & Elis Sutlović & Matislav Majstrović, 2021. "A Unique Electrical Model for the Steady-State Analysis of a Multi-Energy System," Energies, MDPI, vol. 14(18), pages 1-23, September.
    19. Besagni, Giorgio & Borgarello, Marco & Premoli Vilà, Lidia & Najafi, Behzad & Rinaldi, Fabio, 2020. "MOIRAE – bottom-up MOdel to compute the energy consumption of the Italian REsidential sector: Model design, validation and evaluation of electrification pathways," Energy, Elsevier, vol. 211(C).
    20. Upadhyay, Mukesh & Kim, Ayeon & Paramanantham, SalaiSargunan S. & Kim, Heehyang & Lim, Dongjun & Lee, Sunyoung & Moon, Sangbong & Lim, Hankwon, 2022. "Three-dimensional CFD simulation of proton exchange membrane water electrolyser: Performance assessment under different condition," Applied Energy, Elsevier, vol. 306(PA).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:2:p:827-:d:1321423. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.