ABS continues its series of industry-leading alternative fuels guidance with the publication of its latest whitepaper examining the potential of biofuels in shipping. The Sustainability Whitepaper: Biofuels as Marine Fuel gives 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 decarbonization goals. Other aspects considered include safety, vessel design implications and regulatory challenges.
Biofuels have been identified as a 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.