The challenge for global shipping
Alternative fuels,
energy reduction,
or both?
IMO’s strategy for reduction of Green House Gases was released in 2018,
and is up for revision in 2023.
Full decarbonization of shipping through zero emission fuels will require
more than half of the world’s current renewable electricity production.
The solution is to save energy and cover the remaining with green fuel.
The challenge for global shipping
Alternative fuels,
energy reduction,
or both?
IMO’s strategy for reduction of Green House Gases was released in 2018,
and is up for revision in 2023.
Full decarbonization of shipping through zero emission fuels will require
more than half of the world’s current renewable electricity production.
The solution is to save energy and cover the remaining with green fuel.
The need in numbers!
Shipping uses 200 Mil tons/year of Fossil fuel today
To replace 200 mil tons of fossil fuel with alternative green fuels
such as Green Ammonia of Methanol would require 450 mil
tons due to the difference in energy density
Shipping uses 200 Mil tons/year of Fossil fuel today
To replace 200 mil tons of fossil fuel with alternative green fuels
such as Green Ammonia of Methanol would require 450 mil
tons due to the difference in energy density
To produce 450mil tons of green fuel the world would
need to supply 5500 TWh into Power2x
Today we have only 54% of the TWh renewable energy needed
available in the world. So the capacity is not there and new sources
are currently only able to keep up with increase in energy demand.
To produce 450mil tons of green fuel the world would
need to supply 5500 TWh into Power2x
Today we have only 54% of the TWh renewable energy needed
available in the world. So the capacity is not there and new sources
are currently only able to keep up with increase in energy demand.
Shipping or other sectors?
Using the 5500 TWh on shipping would reduce the worlds emissions with 2.5-3%, but is this the right thing to do?
If the same energy was used to replace 2300 coal plant on global level it would reduce the worlds emissions with 15.2%
Data source - IMO MEPC 791714 (9 September 2022) Agenda Item 7
So what can ship owners, ship managers and operators do?
Save energy is the simple answer
Energy saving
technologies are
available today
optimum speed, Trim corrections, Engine condition monitoring
etc. etc.
Would you like to see our solution
please reach out for a demo