By Jaime Llinares Taboada

AFC Energy PLC said Wednesday that the ZeroCoaster ammonia-fuelled cargo ship design has been awarded Approval in Principle status.

The London-listed hydrogen technology company has been working with Vard Engineering Brevik AS, ABB and other partners since June to design and engineer a propulsion system for a bulk carrier ship which is fuelled with green ammonia.

The technology chosen for the ship's 1.2-megawatt power requirement was AFC's new S Series platform.

The Approval in Principle status was awarded by international certification agency DNV and means that the ship's design is feasible and there are no obstacles to it being commercially realized.

Vard, the leader of the ZeroCoaster consortium, will now start discussions with prospective customers for the purchase of ammonia-fuelled ships.

Shares in AFC at 0852 GMT were up 5.7% at 51.60 pence.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

December 01, 2021 04:22 ET (09:22 GMT)

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