ABS Chairman, President and CEO, Christopher J. Wiernicki, mapped out the future of marine fuels in a high-profile speech at the 15th annual World Shipping Summit.
“Technology advances of the next decade may entirely change our view of the future, but based on what we see today we can identify three developmental pathways for future fuels distinguished by the onboard technologies they require. These are: the LNG or light gas pathway, the bio/synthetic pathway and the alcohol and heavy gas pathway,” he said. “Within each of these pathways are many variables related to energy content, the state of storage or containment technology, and the overall maturity of the fuel’s technology.”
ABS analysis indicates reaching 2050 targets will require technology beyond today’s state-of-the-art, said Wiernicki
“The reduction targets by 2030 are challenging but we know today’s technology can get us there if we basically focus on LNG as a fuel, speed optimization, and more efficient utilization of the voyage. But if we are going to reach 2050 goals, much of the new capacity going into 2030 is going to have to be zero carbon.”