Startup · Norway
Azane Fuel Solutions
HQ Sandefjord, NorwayFounded 20211-10 employeesUpdated
We are getting ready to invest in a network of bunkering terminals in Norway and surrounding seas, making ammonia fuel availble by providing logistings solutions, constructing & owning essentual infrastructure, and ensuring safe & efficient operations.
Funding1 round · $5.7M
- Equity raised
- $5.7M
- Latest
- $5.7MSeries A · Oct 25, 2023
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Oct 25, 2023 | Series A | $5.7M | — | Navigator Holdings, Yara Growth Ventures | — | Confirmed |
- $5.7MOct 25, 2023
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems4
- Ammonia Release Mitigation System (ARMS)Marine ammonia release handling system connected to vessel fuel and engine systems.
- azaFLEX®A proprietary ammonia vapor handling and reliquefaction system for safe storage and delivery of liquid ammonia.
- Azane ammonia cargo handling systemSystem for storing and handling refrigerated ammonia as cargo or fuel on bunkering terminals and barges.
- Azane self-propelled bunkering bargeAmmonia bunkering vessel design for ship-to-ship fuel transfer.
Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.
People1
| Person | Role |
|---|---|
| Morten A. Christophersen | Board Member and CEO |
Sources7
Profile3
- 1
Azane Fuel Solutions · Supports Organization · description, Organization · name, Organization · website
“We are getting ready to invest in a network of bunkering terminals in Norway and surrounding seas, making ammonia fuel availble by providing logistings solutions, constructing & owning essentual infrastructure, and ensuring safe & efficient operations.”
- 2
Sixth-Domain · Supports Organization · kind
“{"group": "startups", "id": "eb97bc30-356b-4379-83a7-ee46eaf0bf3e", "name": "Azane Fuel Solutions"}”
- 3
Crunchbase · Supports Organization · country, Organization · employee range, Organization · hq city, Organization · linkedin url
“country: NO”
Systems2
- 4
Azane Fuel Solutions · Supports System
“The Azane ARMS is connected to the vessel’s fuel and engine systems, it gathers the ammonia releases from these systems and ensures that any ammonia emissions from the ARMS to the surroundings stay below the required thresholds, thus carrying out the very critical function of protecting the vessel’s crew and the environment from harmful concentrations of ammonia.”
- 5
Azane Fuel Solutions · Supports System
“The Azane ammonia cargo handling system is a complete system for storing and handling refrigerated ammonia as cargo or fuel on bunkering terminals / barges.”
Funding1
- 6
Yara International · Oct 25, 2023 · Supports Funding round · amount, Organization · ownership
“Yara Growth Ventures and Navigator Holdings Ltd. lead investment round of 5.4 million EUR (around 5.7 million USD) in Azane Fuel Solutions AS”
People1
- 7
LinkedIn · Supports Organization · country, Organization · employee range, Organization · founded year, Organization · linkedin url, Role
“country: NO”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.