Found 27 results for 'maritime fuel forecast'

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Target top regional fuel ports, spend $2 trillion to enable ammonia marine fuel by 2050

Julian Atchison March 19, 2024

New Oxford research finds that over 60% of global shipping fuel demands could be met by renewable ammonia in 2050, which can be achieved by targeting renewable ammonia fuel supplies at the “top 10 regional ports”. The team also predicts that conventional maritime fuel production could be replaced by a more “regionalised industry”, producing up to 750 million tons of renewable ammonia per year in tropical and sub-tropical countries.

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All hands to the pump: every stakeholder needed to support marine ammonia fuel

Julian Atchison December 21, 2023

For our final episode of Maritime Ammonia Insights, we asked our resident experts Sofia and Conor Fürstenberg Stott to provide their insights on the pathway forward for marine ammonia fuel. Discussion topics included challenges for overlaying alternative fuels onto the existing bunker industry, the importance of seafarers to the transition, and why we need to move beyond talking about competition between alternative fuel candidates.

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Maritime actors push on with overcoming ammonia fuel safety concerns

Conor Furstenberg Stott Sofia Furstenberg Stott July 18, 2022

Two recent reports (one from Bureau Veritas & Total, the other from the Together in Safety consortium) illustrate just how seriously the maritime industry is pursuing low carbon ammonia fuel. While progress in the maritime ammonia space is impressive, safety risks are widely-acknowledged and work remains to be done.

Both reports identify key hazards facing adoption of ammonia as a maritime fuel, and echo points heard before in the development of methanol & LNG as maritime fuels: high-risk hazards currently exist that must be eliminated, mitigated or controlled. But Together in Safety concludes the way forward will be via collaboration & shared responsibility - something we’re already seeing in the multiple high-profile safety studies and consortia working around the globe. Thankfully, the willingness of significant maritime players to engage on ammonia and the momentum for change are both high.

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Closing the Gap for Zero-Emission Fuels

Sofia Furstenberg Stott March 27, 2022

In January 2022, UMAS and the Getting To Zero Coalition (GtZC) released a report with policy options for closing the competitiveness gap between conventional & future maritime fuels. Such measures will be necessary to enable an equitable transition to zero-emissions shipping. So how might these potential policy routes may impact and enable the scaling of maritime ammonia?

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Huge potential for green maritime fuels in Mexico

Julian Atchison September 27, 2021

A new study from EDF and Ricardo outlines the potential for Mexico to produce, consume and export hydrogen-based fuels like ammonia. Mexico is already positioned on some of the world's busiest shipping routes and has a potentially huge surplus of green power by 2030, presenting a unique opportunity.

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The Ammonia Wrap: OCI to charter ammonia-fueled vessels, Japanese CCGT units await ammonia, more green ammonia for Chile, new South Korea and Uruguay updates

Julian Atchison March 10, 2021

Welcome to the Ammonia Wrap: a summary of all the latest announcements, news items and publications about ammonia energy. This week: OCI to charter ammonia-fueled vessels, new carbon-free maritime fuels forecast, Hokkaido Electric postpones CCGT deployment, awaits ammonia, more green ammonia for Chile, Net-zero Teesside to include CF Industries ammonia production, South Korea and Uruguay.

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Picking bunker winners: the mono-fuel / dual-fuel duel

Trevor Brown September 24, 2020

This week, DNV GL published its annual Maritime Forecast to 2050, concluding that “e-ammonia, blue ammonia and bio-methanol are the most promising carbon-neutral fuels in the long run.” DNV GL’s assumptions that determine this long run, however, suggest a significant mid-term reliance on fossil LNG. This risks locking the industry into a long-term emissions trajectory incompatible with the IMO’s 2050 GHG targets, in part because of significant fuel supply and infrastructure investments. These investments could become more ‘sticky’ than expected. A host of alternative opinions have been published in the days before and after DNV GL published its report. These suggest that, for ammonia, the long run could begin this decade. Among others, MAN ES has announced that its ammonia engine will be available for retrofits by 2025.

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Korean Register Sees Ammonia as Preferred Alternative Maritime Fuel

Stephen H. Crolius February 06, 2020

Last week the classification society Korean Register of Shipping (KR) released Forecasting the Alternative Marine Fuel: Ammonia, a “technical document on the characteristics and the current status of ammonia as ship fuel.” One hesitates to take the title too literally, but the report really does forecast that ammonia will be the alternative marine fuel. Over the last year, a number of maritime transport stakeholders – engine producers, government agencies, other classification societies – have identified ammonia as a promising means of industry decarbonization. But in joining the group, KR makes a notably explicit and complete case in ammonia’s favor.

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Maritime ammonia engines in Japan; ammonia shipbuilding in South Korea

Trevor Brown September 27, 2019

This week, Japan Engine Corporation (J-ENG) announced the launch of a new R&D program, in collaboration with the National Maritime Research Institute, that focuses on engine development for "combustion of carbon-free fuel (e.g. hydrogen and ammonia)." Five hundred miles across the Sea of Japan, DSME has completed a techno-economic feasibility study comparing three fuels: HFO (with scrubber), LNG, and ammonia. The results of this study will be presented at the Ammonia Energy Conference, in Orlando, FL, on November 13. DSME is one of the three big shipbuilders in South Korea, and its business case for ammonia is strong enough that now "DSME is planning to expand our technology and business to NH3 engineering and systems for commercial ships."

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Maritime fuel mix could be 25% ammonia by 2050

Trevor Brown September 20, 2019

DNV GL published its annual Energy Transition Outlook last week, which includes a dedicated analysis of the shipping industry in its Maritime Forecast to 2050. According to DNV GL, the IMO's 2050 emission reduction targets can be met through innovative ship design, using ammonia as an alternative fuel. Widespread commercial adoption of ammonia fuel would begin in 2037; ammonia would the dominant fuel choice for new builds by 2042; and ammonia would represent 25% of the maritime fuel mix by 2050. This represents new demand for roughly 120 million tons per year of green ammonia by 2050. This outcome greatly depends on how maritime regulations are developed in the coming years, but it would see ammonia-fueled ships represent almost 100% of new vessels (by fuel consumption) from 2044 onwards.