Trammo Inc.

10/03/2024 | Press release | Distributed by Public on 10/03/2024 10:24

Trammo and Elengy Sign MOU for Low Carbon Ammonia Import Terminal Project in Fos sur Mer, France

Paris, France
September 30, 2024
Trammo, the world's leading independent ammonia trader, announced the signing of a Memorandum of Understanding (MOU) between Trammo SAS, its French subsidiary, and Elengy, SA, a leading liquified natural gas company which operates LNG terminals in France, to support Elengy's Medhyterra project.
The project involves the redevelopment of part of Elengy's Fos Tonkin LNG terminal site into a low-carbon ammonia import terminal, including the construction of a 30,000 m3 ammonia storage tank. The new terminal will be capable of receiving 200,000 metric tons per year of low-carbon ammonia.
The MOU solidifies the strategic partnership between Trammo and Elengy in support of the project, which will allow Trammo to provide the new terminal with access to the worldwide low-carbon ammonia market and supply customers in France and in Europe.
Trammo SAS President Christophe Savi said: "Trammo is thrilled to partner with Elengy in the Medhyterra project and sign this MOU. Both companies have a common interest in supporting the transition to decarbonization of the ammonia industry, and this partnership furthers Trammo's goal of making available in the market large volumes of low-carbon ammonia by 2030."
An English version of Elengy's press release with more details on the Medhyterra project can be found at this link.
About Trammo
Trammo is a market leader in the seaborne ammonia trade with a unique international footprint. For nearly 60 years, it has been promoting high standards and efficient supply chains all around the world. Trammo owns and has access to ammonia terminal assets. Trammo's active fleet of fully refrigerated gas carriers is one of the largest in the world, with 12 to 15 carriers ranging in size from 25,000 to 45,000 cbm. The fleet allows Trammo to maintain a large selection of supply sources to help meet the demands of its customers in a timely manner. Trammo is committed to decarbonizing its supply chain and supporting its customers' decarbonization initiatives through continuous development of its network of responsible low-carbon ammonia sources.
For more information, visit www.trammo.com.
About Elengy
An expert in liquefied natural gas (LNG) since 1965, Elengy operates three LNG terminals in France: Montoir-de-Bretagne on the Atlantic coast, Fos-Cavaou and Fos-Tonkin in the Mediterranean. Over the last ten years, Elengy has been able to add to its traditional business of LNG regasification for injection into the GRTgaz network, activities enabling the development of LNG in heavy mobility: loading of tankers to supply service stations and loading of micro-methane tankers for bunkering operations on container ships, ferries and cruise ships. Convinced that its terminals, located at the crossroads of energy chains, will play a key role in supporting the decarbonization of territories, Elengy is now developing new projects based on new molecules: low-carbon hydrogen and ammonia, bio-LNG, e-methane and CO2.
For more information, visit www.elengy.com.