National Maritime ’s Post

🚢 Alcom is thrilled to announce the release of our Methodology for Marine Fuels and Bio Bunkers, developed in partnership with Gold Standard! You can read the full methodology here: https://lnkd.in/gYsC9CBa.   This milestone marks more than two years of rigorous development. The idea originated from a challenge faced by Alcom’s CEO, Prateek Tiwari, during his transition from commodities trading to biofuels trading—it was both exciting and frustrating, as the business was heavily reliant on government mandates and subsidies. The key issue was always the "green premium"—who’s going to pay for it? Alcom's methodology resolves a decades-long debate by bringing carbon finance to subsidy-dependent sectors, enabling decarbonization without relying solely on government intervention. Aligned with IMO CII and Fuel EU Maritime regulations, it simplifies low-carbon policy implementation by addressing financing concerns. Measuring emissions savings on a "well-to-wake" basis, the methodology ensures full traceability, avoids double counting, and is applicable globally across sectors such as aviation, manufacturing, and logistics. “By measuring emissions savings along the entire value chain from processing waste to biofuels to bunkers, maritime players can earn credits when mixing biobunkers with bunker fuel—with full traceability and confidence,” said Prateek Tiwari, Alcom CEO.  Our collaboration with Gold Standard means these credits have been developed by the industry, for the industry, so that leading shipping companies can use this practical decarbonisation tool in their cleaner fuels transition plan.” We’re excited about the impact this will have on the global energy transition. Reach out to learn more about how Alcom’s methodology can help you meet your decarbonisation goals. #BioBunkers #GreenShipping #CarbonCredits 

I’m extremely proud to announce that Alcom’s Methodology for Marine Fuels and Bio Bunkers is finally officially out! It's been an arduous two years consolidating first principles around function of carbon markets with the high costs of decarbonization in the maritime sector. I'd like to highlight a few key points around this methodology and the objectives that we had in mind while developing it: 1. Bringing Carbon Finance to Shipping – the maritime sector is responsible for close to 3% of global GHG emissions, however, there are just a handful of voluntary methodologies trying to focus on decarbonizing the maritime sector via in-sector solutions. Hence the opportunity to bring the VCM to a sector that had been largely untouched despite it's impact. 2. Biofuels and BioBunkers Potential – biofuels (FAME/UCOME) has a TRL of 9, however, the main constraint around its adoption has been the price. Biofuels are usually $200-300/t more expensive than their fossil counterparts, making it uneconomical to use. Biobunkering works if the cost can be passed on to end-users (significantly harder for bulk tank owners as opposed to container owners) or driven by policy like HBEs in Netherlands, FuelEU Maritime or the IMO CII. 3. Voluntary Carbon Credits with Gold Standard - the above two points led to the decision that Prateek Tiwari and I had to develop this methodology. Using high quality, voluntary carbon credits, we could channel carbon finance to bridge the "green premium" of biofuels over fossil fuels above and beyond government regulations. Our objective is to connect vessel owners looking to voluntarily decarbonize their fleet with corporates willing to support that. 4. Beyond Book and Claim - the "book and claim" initiative within the maritime sector is a good example of pooling collective resources within the industry to decarbonize. Ship owners who would not normally have access to biofuels can decarbonize their fleets through the collective action of ship owners who do. However, the limitation is that the system boundary ends within the shipping sector. By creating and using carbon credits, we are explicitly broadening the scope and accessibility of this activity to all members within the VCM, not just those who are directly involved in the shipping sector. 5. Scope 3 Mapping and Insetting – these credits can directly map to scope 3 emissions from shipping for a lot of corporates. By purchasing these credits, a vast number of corporates will be insetting emissions within the hard-to-abate shipping sector that they are indirectly exposed to through their value chains. To conclude, I would like to thank a number of people without whom this methodology would not have been possible – Tamil Venthan, Dr. Hoang Ha, Anshika Gupta and Vikash T.. Finally, if anyone is interested in learning more about the methodology - from a vessel owner to a corporate interested in these credits do please reach out! #biobunkers #greenshipping #carboncredits

Onboard Carbon Capture for Maritime Decarbonization: A Game Changer In the quest for maritime decarbonization, onboard carbon capture technology has emerged as a pivotal solution to combat greenhouse gas (GHG) emissions. This innovative approach aims to capture CO2 produced by carbon-based fuels on ships, offering the potential for utilization or storage. Despite showing promising results in studies, the technology requires further development and optimization for maritime use. Shipowners are advised to carefully evaluate onboard carbon capture against alternative decarbonization strategies. 1 Commercial Viability The practical adoption of onboard carbon capture is contingent upon its commercial performance in relation to other decarbonization alternatives. Essential factors influencing its commercial attractiveness include high capture rates, low fuel penalties, and affordable CO2 deposit costs. Notably, the concept requires incorporation into vessel design and close scrutiny of fuel prices for successful commercial implementation. 2 Regulatory Landscape Crucially, the regulatory environment plays a significant role in shaping the adoption of onboard carbon capture. Efforts are underway to establish emission regulations that credit captured CO2, a crucial incentive for shipowners. This is particularly evident within the current EU Emissions Trading System which incentivizes carbon capture on ships, and with ongoing international efforts at the IMO to develop new greenhouse gas emission regulations. 3 Connection to CCUS Value Chain The widespread adoption of onboard carbon capture relies heavily on its integration within the broader Carbon Capture, Utilization, and Storage (CCUS) value chain. This necessity underscores the crucial need for a well-established infrastructure network. Ergo, engagement with CCUS projects near major hubs is paramount to discuss integration and potential connections to the value chain. 4 Challenges and Considerations Balancing high capture rates of CO2 with increased fuel costs presents a notable trade-off with onboard carbon capture. Furthermore, infrastructure development post-2030 and convenient disposal locations near bunkering hubs are essential considerations to propel the adoption of onboard carbon capture. As the maritime industry stands at the precipice of a sustainability revolution, onboard carbon capture emerges as a significant player in the shift towards decarbonization. The attached white paper from DNV covers the entire study of carbon capture technologies in great details. #MaritimeDecarbonization #OnboardCarbonCapture #Sustainability #ShippingIndustry #GreenShipping #CCUS #RegulatoryCompliance #EmissionsReduction #IMO #EUETS

Gold Standard has released two cutting-edge methodologies to reduce the shipping sector's environmental impact. The Methodology for Reducing Methane Emissions from Combustion Engine Exhaust and the Methodology for Marine Fuels and Bio Bunkers are now available to project developers. These methodologies are significant steps forward in reducing the 3% global GHG emissions that shipping contributes.      Margaret Kim, CEO of Gold Standard, highlighted the importance of this progress, stating: “These new methodologies provide tangible incentives for the maritime sector, vital for world trade, to invest in green technologies and operations.”      The Methodology for Marine Fuels and Bio Bunkers, developed with Alcom, promotes sustainable marine fuels like bio-bunkers. According to Alcom’s CEO, Prateek Tiwari, “This methodology strictly follows rules around sustainability and traceability… and is expected to revolutionise decarbonisation of the shipping industry as credits can be generated and monetised globally.”      The “Methodology for Reducing Methane Emissions from Combustion Engine Exhaust”, developed in collaboration with Daphne Technology and The FReMCo Group, addresses methane emissions—a potent greenhouse gas. Juan Mario Michan, CEO of Daphne Technology, remarked: “Methane is a major contributor to global warming, and our approach not only curbs these emissions but also supports industries in their transition to more sustainable practices.”      Alison Morris, VP at FReMCo, added: “We anticipate that the projects and carbon credits that follow this approval will be unique and valuable in the voluntary carbon market.”      These methodologies complement existing efforts, including Gold Standard’s Retrofit Energy Efficiency Measures in Shipping and the Methodology for Emission Reduction by Shore-side or Offshore Electricity Supply System, helping the maritime industry chart a course towards sustainability.      Learn more about these innovative solutions and their potential to drive high-integrity impact below 👇   https://lnkd.in/gEvRGW7Y    #SustainableShipping #ClimateAction #MethaneReduction #GoldStandard  

Setting sail towards a greener horizon! ⛴️ Embracing LNG, energy-efficient designs, and wind-assisted propulsion to chart a sustainable course for global trade. 🌍 #GreenShipping #SustainableTrade #LNG #RenewableEnergy #Global #Enochshippingsolution #Didyouknow #ShippingIndustry #ClimateAction #trending #upcoming

The global shipping industry is one of the major contributors to climate change, accounting for around 3% of total global greenhouse gas emissions. However, the industry is now taking steps to reduce their environmental footprint and adopt more sustainable practices. Companies are now also exploring the potential of biofuels, hydrogen fuel cells, and even wind-assisted propulsion technologies; pushing greener operations. Regulatory bodies like IMO have now implemented tougher environmental regulations for newbuild vessels to meet stringent Energy Efficiency Design Index (EEDI) standards to reduce CO2 output. For the shipping sector, implementing sustainable practices is both an environmental and an economic necessity as customers demand greener supply chains. It's an ongoing transformational journey requiring massive investments in new eco-friendly vessels, alternative fuels and supporting infrastructure. As the world's shipbuilders, engineers and maritime companies continue driving innovation, the future of shipping is looking greener every year. #greenshipping #sustainability #shipping #globalshippingindustry #enochshipping

The future of the global #green #ammonia industry for #netzero #shipping 22 February 2024 12:00-13:00 GMT Invitation to webinar Do you want to hear about how green ammonia could transform the shipping industry? This webinar will present findings on future scenarios of global ammonia production and ship fuelling. The United Nations International Maritime Organization (IMO) has a target to reduce greenhouse gas emissions in shipping by 50% by 2050. However, the IMO is being urged to adopt a net zero by 2050 target. This Sprint brought together experts in green ammonia production, shipping and transport infrastructure planning, climate mitigation and economic analysis to determine a pathway that industries and governments can follow to transition to green ammonia. Intended audience: stakeholders from industry, policymakers, shipping companies, port authorities, regulatory bodies, finance institutions, NGOs, researchers and other stakeholders working on decarbonisation in the shipping, energy and other closely related industries. Open event, all welcome.  Join us to hear about: The context around this research sprint The modelling and key results relevant to the intended audience Sensitivity analysis and the policy implications Extensions of the work And a Q&A. Read more, and register: https://lnkd.in/drsX4nBD

🌊 In the news: Twenty environmental organisations have called on marine engine manufacturers to provide greater transparency on nitrous oxide emissions from ammonia propulsion. As ammonia as a marine fuel starts to gain momentum with the first seabourne trials and engine orders there are growing concerns from environmentalists about N2O and NH3 emissions. 📝 In an open letter to marine engine manufacturers 20 environmental pressure groups are calling for transparency on N20 and NH3 emissions from ammonia engines... ✒️ Signatories to open letter: Transport & Environment (T&E) | Solutions for Our Climate (기후솔루션) | Opportunity Green, Stand.earth | High Ambition Climate Collective | Pacific Environment | Ocean Conservancy | Environmental Defense Fund | Friends of the Earth- United States | NABU (The nabu nature biodiversity conservation union) | Oceans North, Surfrider Foundation Europe | University of California, Berkeley, Goldman School of Public Policy | Zero Emission Ship Technology Association | ZERO - ASSOCIAÇÃO SISTEMA TERRESTRE SUSTENTÁVEL | Green Transition Denmark | ZERO EMISSION RESOURCE ORGANISATION | Green Global Future | Seas At Risk, Royal Belgian Institute of Natural Sciences 📰 Read more about this story on Seatrade Maritime News: https://lnkd.in/eWXDujDW #CMAShipping #Maritime #Sustainability #Fuels

According to our latest Maritime Forecast to 2050, including a pooling mechanism in a compliance strategy can reduce the cost of decarbonization by 6%, if measured in total cost per tonne of GHG emission reductions. Our latest #maritimeimpact article explores the results of a pooling case study, investigating whether the pooling mechanism in the upcoming FuelEU Maritime regulation could trigger a sustainable business case for methanol-capable vessels utilizing full green-methanol capacity over a 10-year period. Within a pooling arrangement, early adopters of green fuels and technologies can benefit from selling excess emission units to non-compliant vessels. The article also examines the findings of various scenarios for future fuel mixes, including e-methanol, bio-LNG, and hydrogen. Read the full article to explore all insights in detail and understand how the maritime industry can navigate the path to a sustainable future. https://dnv.social/5NC #decarbonization #pooling #shipping #maritimeforecast

Impact of idling time is just one concern for shipowners aiming to meeting CII targets on emissions. SulNOx Group PLC is working extensively with the industry, deploying its greentech decarbonisation products to cut emissions, reduce fuel costs and help to meet these and other regulatory goals. https://lnkd.in/dF3vhmEw #fueltech #emissions #netzero #shipping #greenshipping #COP29 #ports #greentech #NOx #pollution #fueladditives #dieselconditioner #diesel #fuelconditioner #sustainableshipping #decarbonisation #Aquis #CII #ESG #innovation #mining #roadtransport #greenhousegases #air #EST #greentech #HFSO #biofuels #Africa #shipfinance #superyachts #generator #generators