About Us

History

Founded by two industry leaders with decades of experience in shipping, gas handling and gas transfer, Azane was set up to become the missing link between ammonia production and trade and vessels wishing to use ammonia as fuel. We have developed a unique technology to offer safe, reliable and cost-efficient bunkering of ammonia. Two additional owners joining in 2023 expanded the investor base to span the entire nascent value chain of ammonia as maritime fuel.

values

  • Collaboration
  • Integrity & Reliability
  • Curiosity & Innovation

vision

Ammonia available as a safe, reliable and attractive zero-carbon maritime fuel

mission

Closing the gap for ammonia as a zerocarbon fuel for ships by providing technology and infrastructure to ensure safe, reliable and cost-efficient ammonia fuel supply

Azane Fuel Solutions

Timeline

Jan 2021

Amon Maritime & ECONNECT Energy collaboration

Jan 2021

Feb 2021

Start development of onshore bunkering terminal 

Feb 2021

June 2021

Azane Fuel Solutions AS established

June 2021

August 2021

Ammonia process system concept

August 2021

Sep 2021

Project Ammonia Fuel Bunkering network awarded 89 MNOK

Sep 2021

Oct 2021

Patent for innovative vapor & reliq plant solution filed

Oct 2021

Jan 2022​

Start development of floating terminal solution

Jan 2022​

April 2022 ​

Pre order of 15 bunkering terminals by Yara Clean Ammonia

April 2022 ​

June 2022​

Cargo handling system development

June 2022​

August 2022​

DNV approval in principle for floating bunkering terminal

August 2022​

March 2023​

Vapor management & reliq plant qualified

March 2023​

May 2023​

Project with Equinor AFNO 2030

May 2023​

Oct 2023​

Navigator gas and Yara Growth ventures investment

Oct 2023​

November 2023

First pre hearing DSB approval for first location

November 2023

November 2023​

Launch of Azane bunker vessel concept

November 2023​

Mars 2024

World’s first safety permit for ammonia bunkering

Mars 2024

August 2024

DNV approval in principle for Ammonia Release Mitigation System (ARMS)

August 2024

April 2025

Azane Infrastructure AS established

April 2025

AZANE FUEL SOLUTIONS

Management TEAM

Steinar
Frøyen Kostøl

CEO

Anne B.
Knudtzon

CFO

Henning
Walstad

VP Business Development

Eivind
Finne Riley

VP Technology & Safety

ABOUT THE

Board of Directors

Anne
Harris

BOARD MEMBER

Morten
Christophersen

BOARD MEMBER

André
Risholm

CHAIR OF THE BOARD

Øyvind
Lindeman

BOARD MEMBER

Stian
Nygaard

BOARD MEMBER

Our

Owners

YARA GROWTH VENTURES

Yara is the World’s leading ammonia producer and trader

NAVIGATOR GAS

Navigator has the the world’s largest fleet of handysize liquefied gas carriers

AMON MARITIME

 Amon Maritime is a ship-owner and engineering company dedicated to ammonia-fuelled vessels

ECOnnect ENERGY

Ground-breaking technical solutions simplifying the infrastructure for ship-shore and shore-ship liquified gas transfers