Renewable methanol as a future marine fuel
With the consistent growth in global trade, marine traffic has reached new heights as 50.000 vessels traverse the world’s oceans at any given moment. According to the International Maritime Organization (IMO) study on the industry’s greenhouse gas emissions, shipping is expected to grow by up to 250% by 2050. As marine vessels remain mostly dependent on fossil fuels such as heavy fuel oil and marine gasoil for propulsion, the shipping sector is expected to make up no less than 17% of global greenhouse gas (GHG) emissions by 2050 if left unchecked. In response to this development, policy makers are pursuing ambitious measures to address the problem. The International Maritime Organization plans to implement more stringent controls of GHG emissions, targeting a reduction of CO2 emissions by at least 40% by 2030 (compared to 2008).
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