Azane Fuel Solutions AS

About Azane Fuel Solutions AS

Azane Fuel Solutions, founded in 2021, aims to enable ammonia as a zero-carbon marine fuel by providing innovative technology and infrastructure. The company focuses on decarbonizing the shipping industry through safe, reliable, and cost-efficient ammonia bunkering solutions and fuel handling systems, in collaboration with strong partners and owners who span the ammonia value chain.

Products & Services

Bunkering Solutions:Tailored ammonia bunkering terminals designed for specific locations, considering fuel demand and local harbor conditions, aiming to be the safest, most reliable, and efficient on the market.

Ammonia Handling Solutions:Comprehensive solutions for processing and handling ammonia as fuel or cargo, developed with industry experts, end users, and location owners.

Integrated Ammonia Safety:Safety solutions for ammonia fuel terminals, including leak prevention, gas freeing, inerting, minimal venting, and customized safety measures.

Engineering Services:Engineering support for using ammonia as maritime fuel, from concept design to operations, including risk assessments, technical documentation, and project management.

Location & Project Development:Evaluation and development of bunkering locations with local stakeholders, including feasibility studies, risk assessments, and regulatory approvals.

Ammonia Supply & Bunkering Network:Investment in a network of bunkering terminals in Norway and surrounding seas, providing logistics solutions and infrastructure for ammonia fuel availability.

Specialties

Ammonia Bunkering Technology Ammonia Fuel Handling Systems Maritime Decarbonization Safety Solutions for Ammonia Terminals

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Investment Round T: - FT: Investment Round	A: 5700000 MR: - FA: 5.4 million EUR FAN: 5700000	D: 2023-10-25 FD: 2023-10-25	2 investors

Investment Round Latest

2023-10-25

$5.7M

2 investors (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

S

Steinar Frøyen Kostøl

CEO

A

Anne B. Knudtzon

CFO

LinkedIn (Pro only)

E

Eivind Finne Riley

VP Technology & Safety

LinkedIn (Pro only)

A

Anne Harris

BOARD MEMBER

M

Morten Christophersen

BOARD MEMBER

A

André Risholm

Chair of the Board

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