AZANE Fuel Solutions
World's first dedicated provider of ammonia fuel handling solutions
World's first dedicated provider of ammonia fuel handling solutions
AZANE Fuel Solutions is an independent technology company that specializes in providing turn-key terminal solutions for ammonia fuel bunkering. The company is a joint venture between ECONNECT Energy and Amon Maritime, leveraging decades of experience from shipping, gas handling, and transfer.
ECONNECT Energy brings a wealth of expertise in transfer systems, commercialization, technology development, gas handling, storage, safety, and marine operations. On the other hand, Amon Maritime is a renowned ship project developer and will operate a fleet of ammonia-powered vessels. The team boasts extensive knowledge of gas engines, fuel gas supply systems, and zero-emission solutions, making them a formidable force in the industry.
Founded in 2021 and headquartered in Norway, the company secured a noteworthy €5.40M Series A investment on 25 October 2023 from prominent investors such as Yara Growth Ventures and Navigator Gas. With a clear focus on developing and delivering bunkering solutions for ammonia fuel, AZANE Fuel Solutions is at the forefront of enabling carbon-free shipping, making it an exciting prospect for potential investors.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series A | €5.40M | 2 |
|
25 Oct 2023 |
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