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Sohmen-Pao says a significantly higher CO2 tax is needed to make ammonia attractive

It will require a CO2 tax of more than USD 270 per ton on the current fuels if ammonia is to become a competitive alternative, says Andreas Sohmen-Pao, chairman of the major BW Group.

Andreas Sohmen-Pao, chairman of the BW Group, during last year's Global Maritime Forum in Singapore, where he helped propose a CO2 tax. | Photo: Global Maritime Forum

If ammonia is to help the shipping industry lower its pollution significantly it will take a much higher CO2 tax on the current fuels than has been the case so far.

Until now, an industry proposal has suggested a CO2 tax of USD 65 cents ton, while a group of strong forces within the industry last year discussed a proposal of up to USD 75 per ton.

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