Investor Presentaiton

Both green methanol and ammonia are expected to become very prominent marine fuels However, the current maturity levels of methanol and ammonia as marine fuels are very different. Fuel type Engine technology maturity Engine availability Auximary system complexity Low Toxicity and safety hazard? Greenhouse gas emission reduction Methanol Ammonia High Operational experience since 2016. Low-R&D phase First combustion test first half of 2023. High S50, G50, G80, G95 (committed to G45, G60, S60, G70). Low First bore size will be 60- bore. 2nd bore size TBA in 2024. Simple tanks. Only 13 bar for LFSS. High Additional requirements to double wall ventilation and ammonia catch system. Medium Toxic and can poison onboard personal. Approved as marine fuel. High More toxic & can poison onboard personnel. Currently not approved as marine fuel. High Green methanol is carbon neutral, but rely on bio-genic CO2. High Green ammonia is carbon free. However, N₂O emissions must be avoided. MAN Energy Solutions Public SEIZING OPPORTUNITIES FOR GREEN SHIPPING IN ASIA AND THE PACIFIC 25.05.2023 28

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