RMI’s Post

Thanks for sharing Aparajit Pandey 👏A positive demonstration of policymakers and maritime stakeholders coming together in partnership to innovate solutions that are holistically working to champion the energy transition. Partnerships that bring together expertise to create fleets, fuels and ports suitable for a green, clean and equitable future are essential for shipping decarbonisation but the transition overall. 🤝Beyond local partnerships - Macro Stewardship! With an estimated 90% of the world's goods transported by sea and given the international shipping industry accounts for between 3-4% of GHG emissions, decarbonization in shipping and the innovation of future fuels is an important issue of global concern. Bulk and Breakbulk: ⚓️Additionally shipping plays an integral role in the security of the critical minerals supply chain the entire energy transition is predicated on. The commercial viability of clean technologies – from solar and wind to electrification - relies on a intertwined and complex supplychain. Copper, lithium, nickel, cobalt and REEs are amongst the essential components in many of today's renewable energy sources. Sea transportation is the cornerstone of this value chain. Ports and Terminals: 🏗️Port-side there is a need for key infrastructure improvements and adaptation to ports, property assets, roads, rail (and so on) that are robust and resilient enough to handle increased throughput emanating from the renewables boom and also new clean tech. Renewable technology: 👷🏻If we take offshore wind as a good example with wind turbine capacities reaching a whopping 14MW to 18MW this creates new challenges for the project cargo sector and port and terminal infrastructure. Larger wind turbine components require specialised logistics equipment, which can lead to constraints when it comes to transport logistics, both by sea and land, installation operations and the space and heavy lift capacity available at ports. Hydrogen: 📈The hydrogen market is also predicated on the shipping communites ability to get their arms around the exposures emanating from the sea transportation. The new vessel construction required is also an important factor that may impact the speed and scalability of this alternative energy source. 🌎All things considered we can’t underestimate the power of public private partnerships that cross industry sectors and borders to insure we have the cleaner fuels, newer fleets, global infrastructure, and the digital architecture to collectively support the reinvention of one of the world's oldest industries and to secure the procurement of the supply chains urgently needed to reach our global net-zero ambitions. #shipping #marine #ports #cargo #supplychain #supplychainsecurity #futurefuels #mining #risk #partnership #sustainablefinnace #shipfinance #greenfinnace #greenshipping #ammonia #hydrogen #greenfuels

EUROPE: CONSORTIUM LOOKING TO USE METHANOL FOR AN ‘NI/GB GREEN SHIPPING CORRIDOR’ A consortium of companies, which includes DFDS, is exploring the feasibility of setting up a green shipping corridor between Northern Ireland and the Northwest of England. In a statement issued last week, the consortium said that project will involve using a roll on/roll off (Ro-Ro) freight ferry, powered by hydrogen reformed onboard from green methanol delivered in road mobile ISO tank containers. The green methanol would be synthesised in the Port of Larne from green hydrogen and carbon dioxide as part of the Ballylumford Power-to-X Project. The port-based green methanol plant will use wind power to drive a 150MWe electrolyser that feeds green hydrogen through a pipeline to a catalytic reactor. Furthermore, the project will look at capturing CO2 from an onboard reformer and returning it to the methanol synthesis plant in the same tank containers that delivered the methanol, ‘thereby setting up a circular CO2 economy that avoids future supply constraint of green CO2’. https://bit.ly/48G5TsE #methanol #alternativefuel #renewable #cleanfuel #futurefuel #energytransition #sustainable

A.P. Moller - Maersk has announced a long-term bio-methanol offtake agreement with LONGi Solar. This partnership will significantly reduce GHG emissions from Maersk's dual-fuel methanol container vessels. Full highlights, ↗ https://shorturl.at/rBP5b COO Rabab Boulos highlights the importance of bio- and e-methanol as key alternative fuels and urges the International Maritime Organization to establish a global green fuel standard. With this agreement, Maersk is set to meet over 50% of its dual-fuel methanol demand by 2027. Emma Mazhari, Head of Energy Markets at Maersk, notes the growing momentum for methanol projects globally, with China leading the charge. The bio-methanol will be produced sustainably from residues in Xu Chang, achieving a 65% reduction in lifecycle GHG emissions compared to fossil fuels. #DSTnews #DST #DailyShippingTimes #Shippinglines #SustainableShipping #SustainableLogistics #CargoCarriers #Oceancarriers

A.P. Moller - Maersk signs Long-Term #Methanol Sourcing Deal with LONGi Solar, to supply its Ocean Fleet. “Bio- and e-#methanol continues to be the most promising alternative #shipping #fuels to scale up in this decade, and the agreement with LONGi Solar serves as a testament to this. Global shipping’s main net-zero challenge is the price gap between fossil fuels and the alternatives with lower greenhouse gas emissions. We continue to strongly urge the International Maritime Organization’s member states to level the playing field by adopting a global green #fuel #standard and an ambitious pricing mechanism which the industry urgently needs,” says Rabab Boulos, Chief Operating Officer, A.P. Moller - Maersk. The agreement will contribute to #lowering GHG #emissions from Maersk’s growing fleet of dual-fuel #methanol #container #vessels.

https://lnkd.in/eqRubHt4 Assessing a Louisiana-Japan Green Shipping Corridor A feasibility study for dry bulk trade This feasibility study explores the viability of establishing a green shipping corridor for dry bulk trade between the US Gulf Coast and Japan, focusing on technical, economic, and operational components. The initiative, driven by both public and private sector interest, aims to decarbonize shipping by utilizing zero or near-zero emission fuels. The study aligns with the goals of the US and Japanese governments and private stakeholders to reduce emissions, promote alternative fuel production, and build infrastructure for low-carbon fuels. #greenshippingcorridor #greenhydrogen #postcarbonlogistics

200 methanol-powered vessels are expected to be operational within the next decade, but current supply of alternative fuels remains very much limited. Hear from Eddison Lee as he shares with Nikkei Asia how the shipping industry can further drive green maritime fuels. #Shipping #AlternativeFuels #Emissions

Sustainable marine fuels could become cheaper than conventional, oil-based bunkers from 2035 when greenhouse gas emissions regulations like carbon pricing mechanisms are taken into account, Finnish technology firm Wartsila said March 21. The EU has extended its Emissions Trading System to include maritime transportation from this year, with 40% coverage of emissions from shipping companies in voyages involving the bloc this year, before the ratio rises to 70% in 2025 and 100% from 2026. Read S&P Global Commodity Insights article and learn more: https://lnkd.in/grz92GB7

🤝Maersk Signs Long-Term Methanol Sourcing Deal for Ocean Fleet 🚢 “Bio- and e-methanol continues to be the most promising alternative shipping fuels to scale up in this decade, and the agreement with LONGi Solar serves as a testament to this. Global shipping’s main net-zero challenge is the price gap between fossil fuels and the alternatives with lower greenhouse gas emissions. We continue to strongly urge the International Maritime Organization’s member states to level the playing field by adopting a global green fuel standard and an ambitious pricing mechanism which the industry urgently needs,” says Rabab Boulos, Chief Operating Officer, A.P. Moller - Maersk. The agreement will contribute to lowering GHG emissions from Maersk’s growing fleet of dual-fuel methanol container vessels. Read the full press release here: https://lnkd.in/dsdrdSDw #Maersk #energytransition #methanol #decarbonisation

Maritime Blue is excited to support the latest insights from the RMI on Zero Emission Fuels (ZEFs) and their crucial role in reducing maritime emissions. While ZEFs have the potential for over 90% emissions reductions, challenges remain in scaling both e-fuels and biofuels. Biofuels face feedstock competition, impacting their final price and scalability, while Washington's renewable development might limit e-fuel competitiveness due to the 45v tax credit. Incentive-oriented policies are key to leading the way in global maritime decarbonization. We're excited to see policy recommendations in this study that focus on incentivizing demand, creatively managing state budgets, and prioritizing environmental justice in port transitions. With dual-fuel vessels like methanol and ammonia becoming commercially available, and initiatives like Green Corridors by the Port of Seattle and Port of Tacoma, we are committed to deploying sustainable fuels and demonstrating strong leadership in this critical endeavor. For a deep dive into these critical topics, check out the study by the Rocky Mountain Institute and see how we’re collectively working towards a sustainable maritime future. https://lnkd.in/gqZfqnYp #MaritimeInnovation #Decarbonization #SustainableShipping #GreenCorridors #MaritimeBlue Advisory Committee & Key Stakeholders: The Northwest Seaport Alliance The Port of Seattle Washington State Department of Commerce The Consortium for Hydrogen and Renewably Generated E-Fuels (CHARGE)

Wärtsilä is seeing the “green” premium between sustainable and fossil-based marine fuels to diminish in 2035. This could mainly depend on carbon taxes rather than falling production costs of green fuels, though. And making fuels more expensive is not without political risks. #shipping #decarbonization #bunker