ABS has published its latest whitepaper examining the potential of biofuels in shipping. The whitepaper provides an overview of the various types of marine liquid biofuels that are “drop-in” fuel options for replacing conventional fuels in both the near- and long-term and their potential to contribute to industry decarbonisation goals. Other aspects considered include safety, vessel design implications and regulatory challenges.
“Biofuels have been identified as highly promising carbon neutral fuels that can enter the global market relatively quickly and help approach the IMO GHG reduction targets for 2030 and beyond. Being produced from renewable biomass, biofuels have the potential to offset the carbon emissions of a vessel due to the CO2 absorption of the feedstock, which can help counterbalance the combustion emissions. However, the total carbon reduction potential of different biofuels clearly depends on a range of factors related to their value chain. ABS is committed to ensuring owners, operators, shipbuilders and original equipment manufacturers are fully informed about its potential as they develop their decarbonisation strategies,” said Georgios Plevrakis, ABS director, Global Sustainability.
The guidance builds on ABS research developed in the ABS Low Carbon Shipping Outlook series, to help drive decarbonisation pathways for the industry.
Download the Sustainability Whitepaper: Biofuels as Marine Fuel here.