This week at MarineLink…
Two reports released this week, one on the upscaling of green hydrogen production, the other on upscaling CCUS, both point to a lack of government initiatives as hindering investment. Without the establishment of regulations and multi-lateral frameworks, big projects are floundering.
DNV’s latest Maritime Forecast to 2050 estimates that shipping’s demand for carbon-neutral fuels will be between 9 and 55 Mtoe in 2030 while the global cross-sector production volume of carbon-neutral fuel will be between 44 and 62 Mtoe.
Clearly, it will be nearly impossible for shipping to secure its share.
Like the availability for green fuels and CO2 sequestration sites, some of the prospects for improving ships’ operational efficiency are also dependent on forces outside shipping’s control. Another report released this week outlines how port delays are adversely impacting emissions. It predicts that optimizing port arrivals could reduce voyage emissions by up to 25%.
To meet the expectations of the 2023 IMO GHG Strategy, the IMO says a basket of candidate measures should be developed. Perhaps shipping will have to weave its own basket before it can add those measures to it.
The Blue Visby project is an example of how the industry…