Navigator Holdings is making a strategic investment in Ten08, a company developing a large-scale, hybrid blue-and-green ammonia production facility on the Gulf Coast of Texas. Ten08’s project aims to produce ultra-low carbon ammonia, which will serve various industries, including power generation, shipping, fertilizers, and chemicals. The initial phase of the facility, expected to start between late 2029 and early 2030, is projected to produce around 1.4 million metric tonnes of ammonia annually. Navigator, known for owning and operating the world’s largest fleet of handy size liquefied gas carriers, has committed $2.5 million to support the project, complementing lead investor Attis Clean Energy. This funding will help advance the project through the development phase up to the final investment decision. After this, Navigator has the option to invest up to $100 million in the construction of the terminal and export infrastructure. There’s also potential for further investment as the project expands. In addition to investing in Ten08, Navigator plans to use its ammonia-powered gas carriers to transport the produced ammonia to customers in Europe and Asia. This move aligns with increasing regulatory pressures from organizations like the IMO and the EU to reduce emissions in the shipping industry. Navigator’s commitment reflects their broader strategy to support ammonia as a low-cost, scalable fuel that can help meet these environmental goals. The company has previously engaged in ammonia-related initiatives, including developing ammonia-fuelled ships, ship-to-ship transfers, and backing ammonia start-ups like Azane Fuel Solutions.