Found 27 results for 'maritime fuel forecast'

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Maritime Industry Targets Ammonia Fuel to Decarbonize Shipping

Trevor Brown October 25, 2018

In the last 12 months ... The International Maritime Organization issued its Initial GHG Strategy, committing the global shipping industry to emission reductions that cannot be achieved with carbon-based fuels. This single action is the regulatory trigger that unleashes a three-decade transition to carbon-free liquid fuels like ammonia. The target date for this 50% reduction in emissions is 2050 but, given the long economic life of ocean vessels, the transition must begin immediately.

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DNV GL predicts carbon-neutral fuels, including ammonia, to surpass oil for shipping by 2050

Trevor Brown September 14, 2018

This week, DNV GL published its annual Energy Transition Outlook, providing a long-term forecast for global energy production and consumption, and including a dedicated report describing its Maritime Forecast to 2050. This is the first forecast from a major classification society explicitly to evaluate ammonia as a maritime fuel. By 2050, DNV GL predicts that 39% of the global shipping energy mix will consist of "carbon-neutral fuels," a category that include ammonia, hydrogen, biofuels, and other fuels produced from electricity. By 2050, these fuels will therefore have gained greater market share than oil, LNG, and battery-electric. If ammonia succeeds as the carbon-neutral fuel of choice in the shipping sector, this new demand will be roughly equivalent to 200 million tons of ammonia per year, more than today's total global production.

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First Movers Coalition launches at COP26

Julian Atchison November 04, 2021

Thirty-four leading global organisations, the World Economic Forum and the US Special Presidential Envoy for Climate John Kerry have founded a new group: the First Movers Coalition. The group's purpose is to invest in green technologies so they are available for massive scale-up by 2030, allowing for rapid decarbonisation of the hardest-to-abate industries. The implications for ammonia energy are huge, as many of the group's founding members are already deeply involved in the space.

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IEA: ammonia key to decarbonising shipping by 2050

Julian Atchison October 03, 2023

With international shipping activity to more than double by 2050, the IEA forecasts that ammonia’s share of final energy consumption in the industry will rise to 44% in 2050, with a suite of other low-carbon fuels to play smaller roles. Lloyd’s Register & OCI HyFuels have also forecast that ammonia (and particularly electrolytic ammonia) will become the most significant fuel in the maritime sector by 2050.

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Study paves the way towards ammonia bunkering pilots in Singapore

Julian Atchison June 27, 2023

The Global Centre for Maritime Decarbonisation released the public findings from its Ammonia bunkering pilot safety study last month. Three potential pilot sites have been identified in Singapore, and a combined HAZID - QRA methodology has found that 400 operational and locational risks for ammonia bunkering were all classed as low or mitigable. Sign up for our upcoming Ammonia Energy APAC conference in August to learn more, when GCMD Chief Technical Officer Dr. Sanjay Kuttan will join us in-person to explore the report and answer your key questions.

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Quantifying the environmental impacts of ammonia at sea

Sofia Furstenberg Stott March 09, 2023

In our latest episode of Maritime Ammonia Insights, we explored the findings of a new, landmark environmental study: Ammonia at Sea. Speakers representing the report’s co-authors joined us to discuss the results, what further work is required and how the report is being incorporated into policy discussions at the IMO.

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Singapore's national hydrogen strategy

Julian Atchison November 03, 2022

Singapore’s government has launched an official hydrogen strategy for the island nation. Ammonia plays a key role in the maritime sector’s multi-fuel transition, with other direct uses emerging in Singapore’s energy future: fertiliser, industrial feedstock and power generation.

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Ammonia Green Corridors - The Opportunity Is Now

Conor Furstenberg Stott Sofia Furstenberg Stott September 02, 2022

Since the Clydebank Declaration was signed last December, the prospect of ammonia-fueled, green maritime corridors has been steadily rising. The Global Maritime Forum has just released a valuable discussion paper on potential definitions and approaches for green corridors. Recent announcements in Europe, Singapore, Australia and the Nordic countries demonstrate growing momentum. For maritime stakeholders to capture early learnings and best manage the complex task of alternative maritime fuel scale-up, the opportune time is right now.

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Brazil’s first electrolysis-based ammonia plant takes shape

Julian Atchison August 01, 2022

Brazil’s largest fertiliser producer Unigel has launched the country’s first industrial-scale electrolytic hydrogen & ammonia project. 60 MW of grid-connected, thyssenkrupp nucera electrolysers will feed the production 60,000 tonnes per year of ammonia. An existing ammonia production plant in Camaçari, Bahia province will provide the foundation for the project, which seeks to leverage the high share of renewable electricity in Brazil’s national grid. In other South American news, Uruguay’s officially-released Green Hydrogen Roadmap sets out ambitious decarbonisation goals. Green ammonia has a role both as an export commodity and for domestic use.

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Woodside outlines scale for green ammonia project in Tasmania

Julian Atchison November 16, 2021

Woodside Energy secured land this week for its H2TAS project in Bell Bay, Tasmania. A long-term lease on a partially-cleared project site nearby the Bell Bay Advanced Manufacturing Zone will be home to up to 1.7 GW of electrolysers, and a target production of 200,000 tonnes per year green ammonia. Last month Woodside also announced the H2Perth project: a world-scale, 1,500 tonnes per day hydrogen production facility aimed at local markets for refueling fuel cell vehicles, and international markets via export in the form of liquefied hydrogen or ammonia.