MS Green Ammonia will innovate the maritime industry by bringing green fuels to the market
The shipping industry enables global resource sharing but contributes around 3% of global emissions. In response, the EU and IMO have set ambitious targets to significantly reduce emissions by 2030, leading to initiatives like EU ETS and FuelEU Maritime, which impose penalties on non-compliant shipping companies. Driven by regulatory and consumer demands for greener transport, the industry is investing in new technologies to cut emissions but requires improved access to capital and grants.
We are developing a series of green ammonia bunkering vessels, uniquely designed to deliver and be fueled by green ammonia. Collaborating closely with customers and ports, we offer flexible bunkering solutions, including ship-to-ship and ship-to-terminal options, tailored to meet specific needs and overcome port limitations. Our «MS Green Ammonia» design, approved in principle by DNV in 2022, aims to be one of the world’s first ammonia-powered tankers, set to launch in 2028, to supply green ammonia along the Norwegian coast, the Arctic region, and continental Europe.
We believe in partnerships to accelerate our progress and efficiency in a rapidly evolving market. Collaborating with LMG Marine, we’ve developed a flexible concept design for transporting up to 5000 tonnes of green ammonia, and with Wärtsilä, we’re creating a vessel with a green propulsion system powered by the world’s first ammonia engine. Supported by soft funding from The Research Council of Norway and Innovation Norway, we aim to enhance the green ammonia value chain by connecting production sites with end-users through optimized voyage routes, ensuring competitive pricing.
Martine is an impact driven business leader with broad experience in the energy and maritime industries. Her professional insight within naval architecture and passion for strategy and innovation have resulted in several international engagements and work experiences; From leading multinational and interdisciplinary energy projects, to developing new services and building green tech startups. Martine holds two MSc degrees from Norwegian University of Science and Technology, in Naval Architecture and in Innovation and Entrepreneurship.
E-mail: martine.bay@griegmaritime.com
Phone: +47 917 43 436
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Vidar has more than 20 years of experience from Maritime Joint Ventures, Private Equity, Consulting, Project Development and Real Estate. He is the Head of Business Development in Grieg Maritime Group and heads the New Energy segment in Grieg Edge. His experience ranges from establishing and leading strategic partnerships, to developing new industry projects. He holds a master’s degree in business & economics from BI Norwegian Business School and Babson College in Boston.
E-mail: vidar.lundberg@griegmaritime.com
Phone: +47 957 47 100
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Ragnhild is a dedicated project engineer with a passion for making shipping more environmentally friendly. Her long experience and expertise in the maritime industry range from working on evaluating efficiency measures for existing vessels sailing across the world today to developing new solutions for future fuels. She has an academic background from MSc Naval Architecture from Norwegian University of Science and Technology and a bachelor’s in economics from NHH Norwegian School of Economics.
E-mail: ragnhild.hovik@griegedge.com
Phone: +47 951 31 734
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With a background as a Naval Architect from NTNU Norwegian University of Science and Technology and a Bachelor’s in Economics from NHH Norwegian School of Economics, Ragnhild Farstad Høvik works towards making shipping more environmentally friendly. She joined Grieg Maritime Group as a Project Engineer for Grieg Star in 2018, working on evaluating efficiency measures for existing vessels sailing across the world today and developing new solutions for future fuels – such as green ammonia. Now, Ragnhild also brings that expertise to the Grieg Edge team.
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Martine has broad experience in the energy and maritime industries. Her professional insight within naval architecture and passion for strategy and innovation have resulted in several international engagements and work experiences; From leading multinational and interdisciplinary energy projects, to developing new services and building green tech startups. She is a committed leader, actively engaged with building Grieg Edge, working both strategically and operationally with developing green and sustainable projects, and evaluating investments in technology startups. Martine holds two MSc degrees from NTNU, in Naval Architecture and in Innovation and Entrepreneurship.
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Vidar Lundberg has more than 20 years of experience from Maritime Joint Ventures, Private Equity, Consulting, Project Development and Real Estate. He has been responsible for establishing and leading strategic partnerships and developing project companies within Grieg. Vidar is the Head of Business Development in Grieg Maritime Group and heads the Energy and Infrastructure segment in Grieg Edge. He holds several board member positions in various companies. Vidar holds a Master’s degree in Business & Economics from BI Norwegian Business School with an entrepreneurship exchange program from Babson College in Boston.
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Kjerstin Hernes is the Chief Strategy Officer of Grieg Maritime Group and Head of Ocean Ventures in Grieg Edge. Kjerstin has been with Grieg since 2019 after four years as a consultant at PwC Norway. Her expertise in innovation, design thinking, strategy, digitisation, and entrepreneurship makes her an essential part of our team. Kjerstin holds an MSc in Economics and Business Administration, Strategy and Management from NHH Norwegian School of Economics.
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Jan Øivind Svardal has over 25 years of experience in a wide range of positions and activities within the maritime space and the Grieg Maritime Group, with responsibilities for newbuilding activity, technology innovation and as Chief Operating Officer for nearly 20 years. The last three years have been dedicated to Grieg Edge, focusing on zero-emission technology and business development within our Short-Sea and Offshore Wind segment. He holds several board positions and is CEO of Skarv Shipping Solutions. Jan Øivind is Naval Architect from NTNU in Trondheim, Norway.
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Nicolai Grieg has close to 15 years of experience in finance, working in ANB Amro Bank and as the Head of Finance at Grieg Star. Since 2020, he has been the Managing Director of Grieg Edge, building the company from the beginning. He is also Chair of the Board of Grieg Investor and holds several Director of the Board positions, including in Grieg Foundation. Nicolai has a Master’s in International Business from The University of Edinburgh.
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