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How Clean Shipping Fuels Support Trillion-Dollar Investments

How Clean Shipping Fuels Support Trillion-Dollar Investments

Implementing the use of clean fuels such as green ammonia creates the potential of trillion-dollar investment opportunities, specifically in developing countries, according to a report released by Ricardo Energy and Environment, commissioned by EDF. Identified by Sailing on Solar, the “green” alternative serves as an emissions-free substitute when used by shippers that produce it at-scale with untapped renewable energy resources. This approach ultimately eliminates fossil-fuel usage while offering a clean solution to modified shipping engines and hydrogen fuel cells.

Emissions-free shipping can be the engine that drives green development across the world,” Aoife O’Leary, senior legal manager at Environmental Defense Fund Europe, said. “The abundance and falling costs of untapped renewable resources like solar and wind energy in developing countries make the production of maritime fuels that emit no greenhouse gases a big potential investment opportunity where such production is undertaken by additional renewable capacity. And shippers can look forward to future running on the air, water, wind and sunlight that go into manufacturing new fuels like green ammonia.”

Additional findings from the research addressed the need for an established supply chain of green ammonia for the maritime sector, specifically calling out countries with renewable energy resources as a primary resource. While the IMO considers new policies to support the goal of cutting emissions in half, trillions of dollars in new investments are on the horizon if renewable energy alternatives are strategically implemented to alleviate financial strain for the production of sustainable alternative fuels.

“Countries must get serious about exploring international policies that can provide the incentive for alternative fuels like green ammonia and other sustainable shipping fuels to be adopted,” said O’Leary. “First movers will be able to benefit from investment in their economies towards additional renewable capacity whilst also gaining a competitive advantage as the shipping industry transitions to clean fuel. All that is needed to ensure this vision becomes reality is a sensible policy, including robust environmental safeguards, to allow the investment to flow.”

 

 

FlowSafe Provides Shippers CO2 Solution with Minimal Costs

Flow Water’s team of marine engineers has created an innovative and cost effective solution designed specifically for shippers. FlowSafe, an eco-friendly, offset CO2 neutral ballast water management system provides a compliant and compact solution for hard-to-fit tankers or pump rooms, at almost no operational costs.

“We are launching an innovative ballast water treatment solution specifically for the shipping industry, especially for difficult to fit vessels, after extensive consultation with global ship owners and operators,” said Mark Hadfield, Chief Executive Officer, Flow Water. “Using innovative technology, we have developed a safe and compliant system that is offset CO2 neutral, simple to use, and which offers close to no operational costs.”

Additionally, the Flow Water Academy, which serves as the company’s very own training facility that opened this month, will provide students opportunities to learn about the water ballasting process with each FlowSafe purchase.

“The Academy will train Cyprus Maritime Academy Students, technicians, and clients who purchase FlowSafe,“ said Hadfield.

“It will become the first Academy in the world to offer International Organization for Standardization (ISO) certifications in water ballasting technology testing. Crew and owners will be able to work hands on with live ballast water using US Coast Guard (USCG) approved test equipment.”

Source: FlowSafe